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PCAOB sees some improvement in audit quality

Accounting Today, 2017-06, Vol.31 (6), p.39-39

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Title:
PCAOB sees some improvement in audit quality
Author: Cohn, Michael
Subjects: Accounting ; Accounting firms ; Accounting standards ; Annual reports ; Audit committees ; Audit quality ; Auditing ; Auditing profession ; Audits ; Control systems ; CPAs ; Financial reporting ; Inspection ; Inspections ; Leadership ; Quality control ; Quality control equipment ; Regulatory agencies
Is Part Of: Accounting Today, 2017-06, Vol.31 (6), p.39-39
Description: The Public Company Accounting Oversight Board (PCAOB) is seeing signs of progress on audit quality in its inspections. They've seen the large firms dedicate significant resources toward remediating deficiencies and improving quality control systems, said PCAOB board member Jeanette Franzel during a speech in early May at a financial reporting conference at Baruch College in New York. To varying degrees across the large firms, they've also seen improvements in tone at the top, coaching and support to audit teams, training, and monitoring of quality. And, in the smaller firms, they've seen many firms doing high-quality work and taking their responsibility for audit quality very seriously.
Publisher: New York: SourceMedia, Inc
Language: English
Identifier: ISSN: 1044-5714
Source: ProQuest Central

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