Soyoung Ho

2 weeks ago | tax.thomsonreuters.com | Soyoung Ho

As the Public Company Accounting Oversight Board (PCAOB) focuses on the implementation of new standards and rules adopted in the past couple of years, including new quality control (QC) standards, Chair Erica Williams announced that the board will set up a Smaller Firm Resource Group comprised of smaller firm representatives to advise the staff.

2 weeks ago | tax.thomsonreuters.com | Soyoung Ho

New Securities and Exchange Commission (SEC) Chair Paul Atkins said that the commission would be able to oversee public company auditors if Congress decides to consolidate the Public Company Accounting Oversight Board’s (PCAOB) functions into the commission, as part of efforts to streamline the federal government and reduce spending. “Congress outsourced those tasks to the PCAOB, and it’s up to Congress to decide where they should be housed.

2 weeks ago | today.westlaw.com | Soyoung Ho

Enter to open, tab to navigate, enter to select

2 weeks ago | tax.thomsonreuters.com | Soyoung Ho

As Congress considers consolidating the Public Company Accounting Oversight Board’s (PCAOB) functions into the Securities and Exchange Commission (SEC), board member Christina Ho, who has been critical of the current board’s leadership over the past three years, said that the board must reorient its work. Under Erica Williams’ tenure as chair, the PCAOB has pursued an ambitious rulemaking agenda along with aggressive enforcement and inspection programs.

3 weeks ago | tax.thomsonreuters.com | Soyoung Ho

Alarmed that the House of Representatives is considering eliminating the Public Company Accounting Oversight Board (PCAOB) as part of a broader effort to reduce federal government spending, six former board members warned of significant harm to U.S. financial markets if lawmakers proceed.