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Tag: Audit

Beehive

A Flurry of Audit Activity at PCAOB, FASB

Beehive

There is no indication of the typical “summer slowdown” at the Public Company Accounting and Oversight Board or the Financial Accounting Standards Board. In fact, the PCAOB and FASB have been quite active in June, approving a slew of rule c...

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Dart board

New Audit Standards Accompanied by Calls for Stronger Leadership

Dart board

The top accountant at the Securities and Exchange Commission has had enough with auditors behaving badly, and he’s taking aim at the leadership of their firms as regulators move to tighten up auditing standards. In a statement issued earlie...

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Building with saw-toothed roof architecture

Growth of SPACs Prompts Concerns Over Audit Quality

Building with saw-toothed roof architecture

Special purpose acquisition companies – more commonly known as SPACs – have seemingly disappeared from the investing scene in recent years. And when they do make the news, it’s usually news of the wrong kind. After a tidal wave of SPACs was...

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Kids sloppily eating ice cream

PCAOB: Audits Getting Sloppier

Kids sloppily eating ice cream

The overall quality of audit work has been poor for years and is only getting worse, according to a recent report from the Public Company Accounting Oversight Board. The report detailed the preliminary findings of the PCAOB’s annual inspect...

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Venus flytrap with captured insect

Auditors Swept Up in SPAC Regulation

Venus flytrap with captured insect

Like other trendy investment vehicles that skyrocketed in popularity and then faced a sharp decline, special purpose acquisition companies (SPACs) are seeing yet another indication that they are subject to the laws of financial gravity. New...

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