Top Reasons Form AP is a Step in the Right Direction

Posted by Alexa Foxon May 12, 2016

SEC Approves PCAOB, Form AP, on Disclosing Engagement Partner Name

PCAOB rules for disclosing the name of the engagement partner and information about other firms participating in audits have been approved by the SEC. Starting January 31, 2017, auditors will be required to fill out Form AP with the PCAOB disclosing all engagement partners working on public audits and information about other audit firms participating in the audit. This information will be searchable by engagement partner name, audit firm, or public company on a public database. 

Read More

Tags: PCAOB News & Information, external audit, Public Company Accounting Oversight Board, SEC approval, Reputation, auditor, Form AP, Vibato, PCAOB, SEC

Congress Passes PCAOB Prohibition on Mandatory Audit Rotation

Posted by Teresa Bockwoldton July 12, 2013

 

Read More

Tags: PCAOB News & Information, audit, congress, PCAOB

New Audit Compliance Standard (No. 16) Released by PCAOB

Posted by Bill Bockwoldton August 16, 2012

The PCAOB has released Audit Standard No. 16 - Communications with Audit Committees. This new standard is designed to establishe requirements that enhance the relevance, timeliness, and quality of the communications between the auditor and the audit committee. This new standard supersedes Interim Standards AU sec. 380 (Communication with Audit Committees) and AU sec. 310 (Appointment of the Independent Auditor), the transitional amendments to AU sec. 380, and related amendments to PCAOB standards.

Read More

Tags: Internal Controls, PCAOB News & Information, audit, audit committee, PCAOB

What is the Value of a 'Big 4' Audit?

Posted by Teresa Bockwoldton November 23, 2011

We wanted to pose a question to our readers - aside from the perceived investor value added by selecting a Big 4 audit firm (PwC, KPMG, E&Y, or Deloitte), what other value does selecting these large audit firms add over a smaller firm?  

Read More

Tags: Internal Controls, Sarbanes-Oxley Articles & Information, PCAOB News & Information, audit, audit costs

Why Does my Audit Take so Long and Cost SO MUCH??!

Posted by Teresa Bockwoldton October 17, 2011

Let's just get down to the skinny of it, audits in any form are painful. We get that.

Read More

Tags: PCAOB News & Information, 404 audit, audit scope, external auditing, PCAOB