PCAOB

Organization Also Proposes a New Related Auditing Standard on the Auditor’s Responsibilities for Other Information in an Annual Report

Conducting regular, systematic audits is essential for holding public companies accountable for their decisions and financial records. Monitoring, evaluating, and managing public corporations is arguably the most effective way to placate stakeholders. But who ensures that audits are always conducted properly, fairly and thoroughly? In other words, who audits the auditors?

On Monday evening, the U.S. House of Representatives passed a bipartisan bill that would ban the the potential of mandatory audit firm rotations that have been suggested by the head of the Public Company Accounting Oversight Board (PCAOB).

Sloud, Inc. has announced it has retained Silberstein, Ungar PLLC as the company's external auditor.

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The NYSSCPA has voiced its support of new proposed requirements issued by the PCAOB that would enhance communications between Auditors and Audit Committees.

Column: MarketingWorks