IN BRIEF In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm ...

Reoccurring PCAOB findings with an increasing deficiency rate, in 2020, 2021, and 2022, included revenue, business combinations, and inventory. 2 Critical audit matters (CAMs) and audit committee ...

The PCAOB’s inspections of audit firms in 2020 will continue to focus on areas that have been challenging for firms in recent years, George Botic, CPA, the PCAOB’s director of Registration and ...

The Public Company Accounting Oversight Board has issued a release to provide information to audit committees about its inspection process and how they might use the inspection reports to question ...

As part of its transparency and outreach initiative to its stakeholders, the Public Company Accounting Oversight Board (“PCAOB” or “Board”) continues to issue staff briefs to better inform the public ...

This is the question posed by Lou Gerstner in his book of the same name. Lou was the CEO charged with orchestrating the business turnaround of IBM. I too have participated in a business turnaround, ...

The terms audit and inspection are often (and mistakenly) used interchangeably, but each of these programs play a unique and important role in safety management. While both involve identifying hazards ...

The Public Company Accounting Oversight Board released a preview Thursday from its staff about its findings from inspections of audit firms last year ahead of the issuance of its 2019 inspection ...

The Board of Audit and Inspection revised its audit rules in line with the Lee Jae-myung government’s policy of abolishing policy audits. The new direction is to avoid auditing government policy ...

The Board of Audit and Inspection announced on the 14th that it would reinstate stricter procedures for initiating digital forensics (digital evidence collection), which had been relaxed during the ...

During the pandemic, virtual inspections of restaurants and domestic food manufacturers became standard. Remote audits of foreign inspection practices are part of that new normal. USDA’s Food Safety ...