Tag Archives: PCAOB Chairman James R. Doty

PCAOB Re-Proposes Partner Signatures

State Board Report December 2013 In 2005 the Public Company Accounting Oversight Board’s Standing Advisory Committee began discussing the need for disclosing the name of the audit partner in the auditor’s report. After much study, analysis and discussion, the PCAOB has again released for public comment amendments to the PCAOB’s auditing standards that would require…

Written on January 6, 2014 at 8:39 pm, by

Comments Off
Categories: State Board Reports
Tags: ,

PCAOB and Chinese Sign MOU

State Board Report June 2013 The Public Company Accounting Oversight Board, the China Securities Regulatory Commission and the Chinese Ministry of Finance have entered into a memorandum of understanding that establishes a framework for the production and exchange of audit documents relevant to investigations in both the U.S. and China. It sets out a mechanism…

Written on June 24, 2013 at 2:10 pm, by

Comments Off
Categories: State Board Reports
Tags: ,

Doty Addresses CPT/Baruch Conference

State Board Report December 2012 Audit costs have become a commodity, Public Company Accounting Oversight Board Chairman James R. Doty told the CUNY Baruch College “Ensuring Integrity: 7th Annual Audit Conference,” held November 29 and co-sponsored by the NASBA Center for the Public Trust. Citing the stagnation of audit fees, while the large audit firms’…

Written on December 21, 2012 at 9:49 am, by

Comments Off
Categories: State Board Reports
Tags: , , ,

SEC Continues to Press D&T Shanghai

State Board Report June 2012 The U.S. Securities and Exchange Commission brought an enforcement action against Deloitte Touche Tohmatsu CPA Ltd. (D&T Shanghai) on May 9, 2012, which was followed by Chinese regulators issuing rules that require the Chinese affiliates of the large international accounting firms to move control of those affiliates to partners who…

Written on June 22, 2012 at 2:04 pm, by

Comments Off
Categories: State Board Reports
Tags: , , ,

House Subcommittee Ponders Oversight

State Board Report April 2012 Whether or not the PCAOB should have the authority to require auditor firm rotation was among the issues addressed at a March 28 hearing on “Accounting and Auditing Oversight: Pending Proposals and Emerging Issues Confronting Regulators, Standard Setters, and the Economy,” held by the Capital Markets and Government Sponsored Enterprises…

Written on April 18, 2012 at 12:54 pm, by

Comments Off
Categories: State Board Reports
Tags: , ,

PCAOB Listens to Rotation Panels

State Board Report April 2012 The first of what may be several public meetings on auditor independence and audit firm rotation was held by the Public Company Accounting Oversight Board on March 21-22 in Washington, D.C. Opinions expressed about the PCAOB’s concept release ranged from investor groups endorsing mandatory rotation of audit firms after a…

Written on April 18, 2012 at 10:51 am, by

Comments Off
Categories: State Board Reports
Tags: , ,

PCAOB Considers Names on Reports

State Board Report November 2011 As promised by Public Company Accounting Oversight Board Chair James Doty this summer, the PCAOB has sent out another group of proposals aimed at giving investors more information about what auditors do. In PCAOB Release No. 2011-007, released on October 11, amendments are proposed to require accounting firms registered with…

Written on November 30, 2011 at 3:31 pm, by

Comments Off
Categories: State Board Reports
Tags: , ,

Doty Says PCAOB to Underscore State Board Compliance

State Board Report November 2011 The Public Company Accounting Oversight Board will be explicitly reminding their newly registered auditing firms that registration with the PCAOB does not supersede licensing requirements that apply in the jurisdictions where they engage in practice, PCAOB Chair James R. Doty assured the State Boards in his keynote address at NASBA’s…

Written on November 30, 2011 at 11:17 am, by

Comments Off
Categories: State Board Reports
Tags: , ,

PCAOB Holds Roundtable on Auditor’s Report

State Board Report October 2011 A roundtable discussion on how the Public Company Accounting Oversight Board can improve the relevance and usefulness of auditors’ reporting on the results of their audits of public company financial statements was held on September 15 including 32 investors, auditors, corporate board members, financial statement preparers and academics. The discussion covered…

Written on October 30, 2011 at 1:56 pm, by

Comments Off
Categories: State Board Reports
Tags: , ,

PCAOB Studies Audit Firm Rotation

State Board Report September 2011 Should there be a limit on the number of years a public company can use the same auditor? That is one of the basic questions raised by the Concept Release on Auditor Independence and Audit Firm Rotation (PCAOB Release No. 2011-006) issued by the Public Company Accounting Oversight Board on August…

Written on September 30, 2011 at 8:57 am, by

Comments Off
Categories: State Board Reports
Tags: , ,

Media & Resources

News
Recent Media Coverage

Blogs/Features
Social Media
Photo Gallery
Video Gallery
Publications
Upcoming & Past Events
Presentations & Speeches
Archives