CAQ’s Guide to Audit Quality Reports
Most large accounting firms publish reports describing how the firm seeks to maintain, promote, and strengthen audit quality. Since...
PwC Has Ten Items for Your Next Audit Committee Agenda
PwC’s Governance Insights Center has agenda suggestions for your next audit committee meeting. (Based on PwC’s list, it would be...
ISSB Prioritizes Climate Reporting and Defers Other Disclosures
On April 4, the International Sustainability Standards Board (ISSB) announced that companies that follow its standards will only be...
The Role of the Auditor in Climate Disclosure
A new Center for Audit Quality (CAQ) publication discusses the role that auditors can play in public company reporting of climate-related...
For Audit Partners, Adverse ICFR Opinions May be a Career Hazard
An academic study finds that an adverse opinion on the effectiveness of a company’s internal control over financial reporting (ICFR) may...
ESG Meets Disclosure Controls in an SEC Enforcement Action
On February 3, the Securities and Exchange Commission announced an administrative enforcement action against Activision Blizzard Inc....
SEC EPS Enforcement Initiative Bags Another Company
The SEC has brought another case as part of its initiative to uncover and prosecute accounting practices designed to manipulate earnings...
CAQ Publishes a Primer for Audit Committees on Digital Assets
The Center for Audit Quality has released Jumpstart Your Digital Assets Journey: A Tool for Audit Committees (Jumpstart). This...
IFAC Issues Third Report on ESG Disclosure and Assurance
The International Federation of Accountants (IFAC) and the Association of International Certified Professional Accountants (Association),...
ISSB Agrees in Principle on its First Two Standards
In 2021, the IFRS Foundation announced the formation of the International Sustainability Standards Board (ISSB) to develop a...
If Your Company May Have Violated the Law, DOJ Wants to Hear from You
The decision whether to make a voluntary disclosure of potential corporate criminal conduct to the Department of Justice is one of the...
PCAOB Makes Public a 2018 Criticism of D&T’s Quality Control
On January 24, the PCAOB made public a portion of the previously nonpublic section of Deloitte & Touche’s 2018 inspection report. This...
EY on SEC Priorities for 2023
What Should be on the Audit Committee’s 2023 Agenda?, January 2023 Update lists accounting and consulting firm publications that describe...
PCAOB Staff 2021 Inspections Preview Reports Rising Deficiencies
The PCAOB has issued Spotlight: Staff Update and Preview of 2021 Inspection Observations (Preview Report), a staff summary of the Board’s...
Scope Creep is Affecting Audit Committee Composition and Focus
The scope of the audit committee’s responsibilities continues to grow, and many committees are responding by expanding or changing their...
PCAOB Proposes to Modernize Confirmations
On December 20, the PCAOB issued for public comment a proposal to modernize its standard on the use of confirmations in audits. The...
What Should be on the Audit Committee’s 2023 Agenda?
At the beginning of each year, many accounting and consulting firms present their views on the issues on which audit committees should...
What Audit Committees Want – and Don’t Want -- from CFOs
What audit committees really want from CFOs, an article in the December 15 issue of Deloitte’s CFO Insights, lists seven things that...
SEC Reg Flex Agenda Update – April May be a Busy Month
On January 4, OMB’s Office of Information and Regulatory Affairs released the federal government’s Fall 2022 Unified Agenda of Regulatory...
Many Companies Plan to Invest in ESG Reporting During 2023
Deloitte has released Sustainability action report: Survey findings on ESG disclosure and preparedness, a report on the results of a...