To heighten focus on risk, PCAOB proposes "related parties" standard (via @AICPA_JofA)

The Public Company Accounting Oversight Board is seeking public comment on a proposed standard on related parties and proposed amendments on significant unusual transactions. The moves are designed to improve focus on certain areas of risk. The board also proposed amendments to its rules and forms to apply them to auditors of Securities and Exchange Commission-registered brokers and dealers in accordance with the Dodd-Frank Act. Read More>>

Posted by Don Meyer on 02/29/2012 at 01:02 PM in Accounting & Auditing, PCAOB, Regulatory Activities, SEC | Permalink

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02/29/2012