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Pcaob

All articles tagged with #pcaob

business2 months ago•4 min saved

SEC Names Fresh PCAOB Leadership to Strengthen Audit Oversight

The Securities and Exchange Commission announced Demetrios (Jim) Logothetis as PCAOB Chairman and named Mark Calabria, Kyle Hauptman, and Steven Laughton to the board, with George Botic remaining as a board member and Acting Chairman until Logothetis is sworn in. Created by the Sarbanes-Oxley Act and overseen by the SEC, the PCAOB oversees audits of public companies and broker-dealers to protect investors and maintain independent, informative audit reports. Logothetis’ term runs through 2030, Calabria through 2027, Hauptman through 2029, and Laughton through 2026.

via SEC.gov|

#audit #business #financial-regulation

business9 months ago•2 min saved

SEC Chair Requests Resignation of U.S. Audit Regulator

The chief US audit regulator, Erica Williams of the PCAOB, was asked to resign by SEC Chair Paul Atkins, who has been replacing leadership to align with his deregulatory approach, raising concerns about the impact on audit standards and investor protection.

via Financial Times|

#audit-standards #business #erica-williams

business2 years ago•4 min saved

Marcum fined $13M and forced to make changes in structure over SPAC audit failures.

The SEC and PCAOB have fined Marcum LLP $13 million for systemic quality control failures and violations of audit standards, mainly in connection with its audits of SPAC clients. The PCAOB also required Marcum to make functional changes to its supervisory structure related to the firm's quality control system. Marcum agreed to make changes in response to the charges and is working with an independent consultant to ensure that it fully meets PCAOB audit standards. The SEC and PCAOB have been cracking down more on auditing firms in recent years, but the Marcum case goes further than most.

via Accounting Today|

#audit-standards #business #marcum