A New Audit Quality Benchmark Is Approved By SEC Despite Republican Objections
On Monday, the U.S. Securities and Exchange Commission (SEC) approved new accounting standards proposed by a watchdog agency, aimed at addressing concerns over poor-quality audits.
U.S. accounting watchdog notes an increase in audit flaws
The Public Company Accounting Oversight Board (PCAOB) that regulates accounting practices in the US is not satisfied with the standard of audit work.
