--- title: Internal Controls Blog by Vibato | PCAOB News & Information (2) description: PCAOB News & Information | Tips about internal controls, Sarbanes-Oxley 404 compliance, & Fraud Allegations (2) --- [![VIBATO](https://www.vibato.com/hs-fs/hubfs/images/logo-184x54-v1a-retina.png?width=184&name=logo-184x54-v1a-retina.png "VIBATO")](http://vibato.com/) [Home](https://www.vibato.com/) | [Contact Us](https://www.vibato.com/internal-control-company/) | [Blog](https://www.vibato.com/blog/) 1-888-4-VIBATO [![VIBATO](https://www.vibato.com/hs-fs/file-555701954-png/images/logo-vibato-v2.png?width=184&name=logo-vibato-v2.png "VIBATO")](https://www.vibato.com/) ![](https://www.vibato.com/hs-fs/hub/92953/file-547255403.png?width=219&height=25&name=file-547255403.png) [COSO 2013 COMPLIANCELearn More](http://classic-migration-sandbox-92953.hs-sites.com/internal-control-services) [CONTROLS TESTING SERVICESLearn More](http://classic-migration-sandbox-92953.hs-sites.com/segregation-of-duties) [SEGREGATION OF DUTIES ANALYSISLearn More](http://classic-migration-sandbox-92953.hs-sites.com/segregation-of-duties) [RISK MANAGEMENTLearn More](http://classic-migration-sandbox-92953.hs-sites.com/financial-risk-assessment) [INTERNAL CONTROLSLearn More](http://classic-migration-sandbox-92953.hs-sites.com/internal-control-processes) ### [Try US](http://classic-migration-sandbox-92953.hs-sites.com/see-our-comprehensive-demo) ### [Compare US](http://classic-migration-sandbox-92953.hs-sites.com/compare-us) ### [Get a Quote](http://classic-migration-sandbox-92953.hs-sites.com/discover-the-only-value-based-industry-solution) ## [Auditors Losing the Right to Audit and What this Means for Your 10Q/K](https://www.vibato.com/blog/bid/69439/Auditors-Losing-the-Right-to-Audit-and-What-this-Means-for-Your-10Q-K) Posted by Teresa Bockwoldton October 14, 2011 - [Tweet](https://twitter.com/share) [![](https://www.vibato.com/hs-fs/file-16012418-png/images/exclamation_point1.png) ](https://www.vibato.com/blog/bid/69439/Auditors-Losing-the-Right-to-Audit-and-What-this-Means-for-Your-10Q-K)  Google SAS 104-115 and you will find mostly articles by us (Vibato) discussing the need for auditors to pay special attention to internal controls as part of their audit. Why? Because the AICPA & the PCAOB dictates standards that the auditors must adhere to in order to perform their audits. Parts of these requirements include reviewing your internal controls and this applies to ANY COMPANY THAT IS AUDITED – public, private, non-profit; it doesn’t matter. If you are audited, your auditors must look at your internal controls as part of your audit. If you do not have any documented internal controls then be prepared for a higher audit bill because your auditors will have to go looking for internal controls at your company on your dime year-over-year. Moreover, due to independence issues, they are not allowed to share their work with you to use going forward so they will do this work each year and all you will see for it is a higher bill. Period. [Read More](https://www.vibato.com/blog/bid/69439/Auditors-Losing-the-Right-to-Audit-and-What-this-Means-for-Your-10Q-K) 0 Comments [Click here to read/write comments](https://www.vibato.com/blog/bid/69439/Auditors-Losing-the-Right-to-Audit-and-What-this-Means-for-Your-10Q-K#comments-listing) Tags: [PCAOB News & Information](https://www.vibato.com/blog/topic/pcaob-news-information), [financial risk](https://www.vibato.com/blog/topic/financial-risk), [Accounting Tip of the Day](https://www.vibato.com/blog/topic/accounting-tip-of-the-day), [404](https://www.vibato.com/blog/topic/404), [audit](https://www.vibato.com/blog/topic/audit), [AICPA](https://www.vibato.com/blog/topic/aicpa), [Controls Testing](https://www.vibato.com/blog/topic/controls-testing), [10k](https://www.vibato.com/blog/topic/10k), [Internal Control Education](https://www.vibato.com/blog/topic/internal-control-education) ## [PCAOB Considers New Auditor's Report, Mandatory Audit Firm Rotation ](https://www.vibato.com/blog/bid/64393/PCAOB-Considers-New-Auditor-s-Report-Mandatory-Audit-Firm-Rotation) Posted by Nancy Johnsonon August 26, 2011 - [Tweet](https://twitter.com/share) The Public Company Accounting Oversight Board (PCAOB) is considering making significant changes in two key areas of public company audits. [Read More](https://www.vibato.com/blog/bid/64393/PCAOB-Considers-New-Auditor-s-Report-Mandatory-Audit-Firm-Rotation) 0 Comments [Click here to read/write comments](https://www.vibato.com/blog/bid/64393/PCAOB-Considers-New-Auditor-s-Report-Mandatory-Audit-Firm-Rotation#comments-listing) Tags: [PCAOB News & Information](https://www.vibato.com/blog/topic/pcaob-news-information) ## [PCAOB Issues Concept Release on Auditor Communication](https://www.vibato.com/blog/bid/57573/PCAOB-Issues-Concept-Release-on-Auditor-Communication) Posted by Nancy Johnsonon June 21, 2011 - [Tweet](https://twitter.com/share) The public is invited to comment on a [PCAOB concept release](http://pcaobus.org/News/Releases/Pages/06212011_OpenBoardMeeting.aspx), issued June 21, 2011, that proposes significant changes to the way auditors report their findings.  [Read More](https://www.vibato.com/blog/bid/57573/PCAOB-Issues-Concept-Release-on-Auditor-Communication) 0 Comments [Click here to read/write comments](https://www.vibato.com/blog/bid/57573/PCAOB-Issues-Concept-Release-on-Auditor-Communication#comments-listing) Tags: [PCAOB News & Information](https://www.vibato.com/blog/topic/pcaob-news-information) ## [PCAOB Release No. 2010-008 PROPOSED TEMPORARY RULE FOR AN INTERIM PROGRAM OF INSPECTION RELATED TO AUDITS OF BROKERS & DEALERS](https://www.vibato.com/blog/bid/40708/PCAOB-Release-No-2010-008-PROPOSED-TEMPORARY-RULE-FOR-AN-INTERIM-PROGRAM-OF-INSPECTION-RELATED-TO-AUDITS-OF-BROKERS-DEALERS) Posted by Bill Bockwoldton December 16, 2010 - [Tweet](https://twitter.com/share) New ruling from the PCAOB yesterday.  Here is a tidbit and the entire link to the ruling is below:  [Read More](https://www.vibato.com/blog/bid/40708/PCAOB-Release-No-2010-008-PROPOSED-TEMPORARY-RULE-FOR-AN-INTERIM-PROGRAM-OF-INSPECTION-RELATED-TO-AUDITS-OF-BROKERS-DEALERS) 0 Comments [Click here to read/write comments](https://www.vibato.com/blog/bid/40708/PCAOB-Release-No-2010-008-PROPOSED-TEMPORARY-RULE-FOR-AN-INTERIM-PROGRAM-OF-INSPECTION-RELATED-TO-AUDITS-OF-BROKERS-DEALERS#comments-listing) Tags: [PCAOB News & Information](https://www.vibato.com/blog/topic/pcaob-news-information), [compliance](https://www.vibato.com/blog/topic/compliance), [external auditing](https://www.vibato.com/blog/topic/external-auditing) [Previous](https://www.vibato.com/blog/topic/pcaob-news-information/page/1) [All posts](https://www.vibato.com/blog/all) ### Register Below to Receive Updates & Useful Information ### Download the "5-Step Vibato Difference" [![Internal Controls Training](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/92953/0686c100-1b36-44ac-b11e-0d3b0ff620cf.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/92953/0686c100-1b36-44ac-b11e-0d3b0ff620cf) ### Follow Us ### Download the 'Vibato Internal Control Suite Product Overview' [![Best Practice Approach to Internal Controls](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/92953/38f1156b-ef31-4136-ac75-6e94a28302d9.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/92953/38f1156b-ef31-4136-ac75-6e94a28302d9) ### Our CEO Says... 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