PCAOB Replaces Old Quality Control Rules With a New Standard
CPA Practice
MAY 14, 2024
The Public Company Accounting Oversight Board (PCAOB) has overhauled its decades-old quality control requirements for audit firms by adopting a new standard on May 13 designed to put the onus squarely on auditors and executives. Firms themselves have also changed significantly, as has the role of firm networks.
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