PCAOB Votes to Propose New Rules on Audit Firms' Use of Other Firms

The Public Company Accounting Oversight Board has voted to propose amending the auditing standards on an audit firm’s use of other audit firms and to propose a new auditing standard.

IIA Opens Specialty Center for EHS Auditors

The Institute of Internal Auditors has introduced an Environmental, Health & Safety Audit Center to highlight the growing role of EHS auditors in corporate governance.

PCAOB Mulls New Requirements for Auditor’s Use of Other Auditors

The Public Company Accounting Oversight Board is considering proposing new requirements for an auditor’s use of other auditors.

PCAOB Re-examines Engagement Quality Review Standard

The Public Company Accounting Oversight Board is conducting a post-implementation review of its Engagement Quality Review standard and is looking for feedback on the effectiveness of the 2009 standard.

AICPA Issues New Interpretation of Auditor Reports

The American Institute of CPAs’ Auditing Standards Board has issued a new auditing interpretation on audit reports.

AICPA Completes Clarity Project for Attestation Standards

The American Institute of CPAs’ Auditing Standards Board has completed its Clarity Project by issuing its final standard.

Most Audit Firms Complied with PCAOB Standard on Communications with Audit Committees

The Public Company Accounting Oversight Board released a report Tuesday indicating that the vast majority of audit firms were doing a good job of complying with a recent standard on communications with their client’s audit committees.

KPMG Cuts Ties With Zuma-Linked Guptas amid Influence Probes

KPMG Southern Africa, a member of the global advisory network, has ended a 15-year stint auditing companies controlled by the Johannesburg-based Gupta family, after the ruling party and the national graft ombudsman announced investigations into its alleged influence over the state.

Internal Audit Outsourcing More Externally

One out of three internal audit departments worldwide are now outsourcing at least some of their work to a third party, according to a new study.

Securities Class-Action Lawsuits Reach Highest Level Since 2010

Securities class-action lawsuits, including claims against auditing firms, have reached a five-year high, according to a new report.