Audit

Facing a backlash about its proposal to toughen standards for failing to detect noncompliance with laws and regulations, the board is putting off action on the standard.

The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.

Board members face the likelihood of a deregulatory emphasis under the incoming Trump administration and probable changes in board composition.

The server maker has seen more than $50 billion of its market value wiped out over concerns about its accounting.

The Public Company Accounting Oversight Board issued a staff publication amid controversy over its proposed NOCLAR standard.

Anthony Pugliese, president and CEO of the Institute of Internal Auditors, is traveling the world as his organization expands globally.

The Public Company Accounting Oversight Board sanctioned JTC Fair Song for repeatedly violating rules and failing to cooperate with investigators. 

The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on Sustainability Assurance 5000 early next year.

The Big Four firm has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.