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Tag: PCAOB

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Complex Issues Affecting U.S.-China Relations Pose Risks for Corporations

elephants wrestling

From imported cotton to TikTok, a host of contentious issues continue to complicate relations between the United States and China. The disputes also present thorny risks for corporations seeking to expand their operations or simply avoid co...

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New Audit Standards Accompanied by Calls for Stronger Leadership

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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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Growth of SPACs Prompts Concerns Over Audit Quality

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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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Regulatory Focus on Crypto Continues as FASB Tentatively Approves New Accounting Standards

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In keeping with U.S. regulators’ efforts to get a grip on cryptocurrency, the Financial Accounting Standards Board last week tentatively approved much-anticipated rules affecting how businesses account for and disclose crypto assets. The ne...

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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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