PCAOB

New report identifies high-risk areas in financial reporting

In July 2023, the Public Company Accounting Oversight Board (PCAOB) published a report that highlights common areas of audit deficiencies for public companies. Private companies face similar challenges when reporting…

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accounting specialists

Auditing Accounting Estimates and the Use of Specialists

The Public Company Accounting Oversight Board (PCAOB) recently voted to finalize two related standards aimed at improving audits of accounting estimates and the work of specialists. Though the new, more…

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related-party transactions

Transparency is Key with Related-Party Transactions

In recent years, external auditors have focused more attention on related-party transactions. Although related-party transactions aren’t necessarily bad, they do raise some concerns about the risk of misstatement or omission…

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