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The American Institute of CPAs is proposing to revise its quality management standards to take a more risk-based approach targeted at the types of engagements performed by the CPA firm.

The Public Company Accounting Oversight Board released its annual inspection reports Tuesday for the Big Four firms, along with eight other firms that are inspected each year.

PricewaterhouseCoopers released an update Tuesday to its annual audit quality report for the firm, pointing to improvements on inspection results from the Public Company Accounting Oversight Board.

Over one-third of U.S. public company audits rely on at least one audit firm abroad, according to new research.

The board’s spending is expected to increase only slightly next year, thanks to the pandemic.

The legislation is in reaction to U.S. regulators being unable to review the companies’ financial audits.

Auditors have taken a number of steps to address pandemic-related issues, according to a new publication from the Public Company Accounting Oversight Board.

A new resource aims to help educate them on new requirements in those two areas.

The board has been making changes to its strategic plans and agenda in response to the pandemic as it sees auditors doing more work remotely.

IAASB and IESBA announce deputy chairs and board appointments; Grant Thornton names two national managing partners; and more CPA news.