The Public Company Accounting Oversight Board has been requiring auditing firms to conduct engagement quality reviews ever since 2009 as a way to improve audit quality, but the number of auditing ...

Peer reviews improve the quality of services that firms and individuals provide by ensuring auditors comply with professional standards when designing systems of quality control and performing their ...

Peer reviews that monitor compliance with professional standards provide insights into what to look out for in not-for-profit audits to avoid deficiencies. These insights are particularly valuable ...

To help small and midsized accounting firms cope better with implementing international auditing standards, the International Federation of Accountants has published a “Guide to Quality Control for ...

Question: What is the time frame requirement with regard to post-closing quality control (QC) audits? In short, when must they be completed? Answer: HUD and VA require that FHA and VA loans be ...

SEC Chief Accountant Paul Munter has posted a new Statement. What’s on his mind? Apparently, he is disturbed that, in recent inspections of audits, the PCAOB has reported a “troubling” increase in ...

The Securities and Exchange Commission of Pakistan (SECP) has directed all non-listed companies to facilitate their statutory external auditors in Quality Control Review of audit working papers files.