Public Company Accounting Oversight Board

Public Company Accounting Oversight Board News

  • Brits Show U.S. the Right Way to Come Clean

    The U.K.'s accounting watchdog on May 9 said it had placed KPMG Audit Plc under two separate investigations in connection with its audits of a car seller and the conduct of one of the firm's partners.

  • SEC Appoints Doty as Chairman of Public Company Accounting Oversight Board

    The U.S. Securities and Exchange Commission named James R. Doty as chairman and Jay D. Hanson and Lewis H. Ferguson as members of the Public Company Accounting Oversight Board. The information was disclosed in an e-mailed statement.

  • Audit Watchdog Non-Taxpayer Budget Cut Under U.S. Sequester

    The U.S. nonprofit entity that oversees corporate audits and gets no public funding may have to implement automatic spending cuts next month if Congress doesn’t delay the so-called sequester.

  • Baker McKenzie, Patton Boggs, Jones Day: Business of Law

    A founding member of the Public Company Accounting Oversight Board and former general counsel of the Securities and Exchange Commission, Daniel Goelzer, is rejoining Baker & McKenzie LLP as a partner in Washington.

  • The Best Way Yet to Proclaim Love for a Tax Cheat

    Ernst & Young LLP received the usual kid-glove treatment given to too-big-to-fail enterprises when it reached a settlement with the U.S. Justice Department over illegal tax shelters it sold more than a decade ago. The government chose not to prosecute the Big Four accounting firm, and Ernst is getting off by writing a relatively small check.

  • New Jersey Bank’s Biggest Secret Is Its Own Name

    It has been almost four years since Unity Bancorp Inc. got $21 million of bailout funds as part of the government’s Troubled Asset Relief Program. The small New Jersey lender hasn’t repaid the money. But it has stayed out of trouble, unlike some people who once audited its books.

  • Supreme Court Leaves Sarbanes-Oxley Intact

    The U.S. Supreme Court left intact the centerpiece of the Sarbanes-Oxley Act while ruling that the executive branch should have more authority over members of the Public Company Accounting Oversight Board.

  • Broker Audit Failure, Bank Aid, Rule ‘Output’: Compliance

    U.S. accounting watchdogs said a review of 10 brokerage auditors found they all performed deficient work, and some failed to take required steps to help ensure investors’ funds are safeguarded.

  • Japanese Accounting Gets Rare Ray of Sunlight: Jonathan Weil

    The auditing profession’s top U.S. overseer usually does a flawless job of safeguarding the most embarrassing secrets of accounting firms and their corporate clients. Fortunately, every now and then, the watchdog slips up.

  • SEC Says Big Four Audit China-Affiliates Blocked Probe

    U.S. regulators probing potential fraud by China-based companies increased pressure on their auditors by formally accusing affiliates of Big Four firms of withholding documents from investigators.

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