News & Events Archives Event Archives 2008 2007 2006 2005 2004 2003 News Archives 2008 2007 2006 2005 2004 2003 Current News & Events What's New View a list of web site updates or join the mailing list. Webcasts Listen to web casts of past Board, Standing Advisory Group, and roundtable meetings. PCAOB Updates Archives

 

 

PCAOB Updates Archives

The following information was previously listed in the What’s New page as newly added to the PCAOB Web site.

2007

December

• 12/18/2007: Board Posts 21 Inspection Reports
• 12/14/2007: The Board has issued three orders instituting disciplinary proceedings, making findings, and imposing sanctions
• 12/10/2007: PCAOB Issues Staff Audit Practice Alert on Fair Value
• 12/10/2007: PCAOB Issues Disciplinary Orders Against Deloitte & Touche LLP and a Former Audit Partner
• 12/7/2007: 2008 budget approved by the PCAOB Board Nov. 19, 2007
• 12/5/2007: PCAOB Issues for Comment Proposed Guidance Regarding the Implementation of PCAOB Rule 4012

November

• 11/27/2007: Mark W. Olson speaks at the FEE Conference on Audit Regulation in Brussels
• 11/26/2007: PCAOB to Consider Proposal To Enhance International Cooperation in Inspections
• 11/20/2007: The Office of Internal Oversight and Performance Assurance (IOPA) issues a new review summary regarding PCAOB Security Policies and Procedures. [IOPA Page]
• 11/19/2007: Board Approves 2008 Budget
• 11/14/2007: Board issues two orders instituting disciplinary proceedings, making findings, and imposing sanctions
• 11/14/2007: Board to Consider 2008 Budget
• 11/6/2007: Board Posts 20 Inspection Reports

October

• 10/29/2007: PCAOB Announces Resignation of CFO Tom Hohman
• 10/29/2007: Board Announces 2008 Standing Advisory Group Members
• 10/22/2007: PCAOB Releases Report on Issues Identified in Inspections Of US Firms that Audited 100 or Fewer Public Companies
• 10/19/2007: Board Posts 2 Inspection Reports
• 10/18/2007: Chief Auditor Thomas Ray’s prepared statement from the Oct. 18 SAG meeting about the Board’s 2008 standards-setting priorities
• 10/17/2007: PCAOB Issues Staff Guidance On Auditing Internal Control in Smaller Public Companies
• 10/16/2007: Board Approves Amendments Regarding Inspection Frequency for Firms that Do Not Regularly Issue Audit Reports
• 10/11/2007: Board to Vote on Amendments Regarding Inspection Frequency for Firms that Do Not Regularly Issue Audit Reports
• 10/11/2007: Board Announces Standing Advisory Group Meeting

September

• 9/24/2007: Board Posts 21 Inspection Reports
• 9/18/2007: PCAOB Board Member Kayla Gillan to Step Down

August

• 8/1/2007: Chief Information Officer Ray Schmidt to Leave the PCAOB

July

• 7/26/2007: Board Posts 1 Inspection Report
• 7/25/2007: PCAOB’s New Audit Standard for Internal Control Over Financial Reporting is Approved by the SEC
• 7/24/2007: The Office of Internal Oversight and Performance Assurance (IOPA) has issued a new review summary regarding PCAOB large firm inspections
• 7/24/2007: Board Proposes New Ethics and Independence Rule Concerning Communications with Audit Committees and an Amendment To its Existing Tax Services Rule And Adjusts Implementation Schedule for Tax Services Rule
• 7/19/2007: Board to Consider Proposing New Ethics and Independence Rule And Amendment to Existing Tax Services Rule
• 7/16/2007: Board Posts 17 Inspection Reports
• 7/16/2007: PCAOB Enters into Cooperative Arrangement With Australian Securities and Investments Commission

June

• 6/29/2007: The Board has issued an order instituting Disciplinary Proceeding in the Matter of Thomas Benson and Thomas Benson, CPA
• 6/28/2007: Board Posts 1 Inspection Report
• 6/27/2007: The 2006 PCAOB Annual Report has been added to the Web site
• 6/19/2007: PCAOB Names C. Gregory Scates Deputy Chief Auditor
• 6/14/2007: Board Posts 22 Inspection Reports
• 6/12/2007: The Board has issued an order instituting Disciplinary Proceeding in the Matter of Williams & Webster, P.S., Kevin J. Williams, CPA, and John G. Webster, CPA
• 6/7/2007: Board Announces Standing Advisory Group Meeting
• 6/7/2007: Remarks of Mark W. Olson at the Compliance Week Annual Conference on Governance, Risk & Compliance [Speech Text]
• 6/5/2007: Chairman Mark W. Olson Testifies Before the Committee on Small Business [Testimony]

May

• 5/24/2007: Board Approves New Audit Standard For Internal Control Over Financial Reporting And, Separately, Recommendations on Inspection Frequency Rule [Rule and Related Documentation]
• 5/16/2007: Board to Vote on New Standard For Audits of Internal Control
• 5/16/2007: Board Posts 1 Inspection Report
• 5/15/2007: Martin Baumann to Succeed Phil Wedemeyer As the Director of Research and Analysis
• 5/14/2007: Mary Moore Hamrick Leads PCAOB External Relations
• 5/4/2007: PCAOB Concludes First International Auditor Regulatory Institute
• 5/2/2007: Board Posts 1 Inspection Report
• 5/1/2007: Board Solicits Nominations for Standing Advisory Group

April

• 4/26/2007: PCAOB Provides Update on Status Of Proposed Reporting and Fee Requirements
• 4/19/2007: Board Posts 19 Inspection Reports
• 4/18/2007: Chairman Mark W. Olson Testifies Before the Committee on Small Business And Entrepreneurship [Testimony]
• 4/18/2007: Board Issues Second Year Report On Auditors’ Implementation of Internal Control Standard
• 4/11/2007: Deputy Chief Auditor Laura Phillips to Leave PCAOB
• 4/3/2007: Board Proposes New Auditing Standard and Amendments Relating to Consistency and the Hierarchy of GAAP And Further Implements Rules Relating to Tax Services and Independence

March

• 3/29/2007: Board to Consider Proposing an Auditing Standard and Amendments to the Board’s Interim Standards and Issuing a Concept Release
• 3/23/2007: PCAOB Meets with Asian Counterparts to Discuss Cooperation on Auditor Oversight
• 3/15/2007: Board Posts 19 Inspection Reports
• 3/6/2007: PCAOB Chairman Mark Olson and EU Commissioner Charlie McCreevy Meet to Discuss Furthering Cooperation in the Oversight of Audit Firms

February

• 2/23/2007: Board Posts 1 Inspection Report
• 2/20/2007: Briefing paper regarding proposed changes to Auditing Standard No. 2
• 2/7/2007: The PCAOB Announces Standing Advisory Group Meeting on February 22, 2007 [Agenda]

January

• 1/26/2007: Board Posts 22 Inspection Reports
• 1/24/2007: Gordon Seymour to Succeed Lewis Ferguson as PCAOB General Counsel 
• 1/22/2007: Board Issues Report on Auditors’ Implementation of PCAOB Standards Relating to Auditors' Responsibilities With Respect to Fraud
• 1/11/2007: Board Posts 2 Inspection Reports
• 1/3/2007: Board to Continue Forums on Auditing in the Small Business Environment in 2007

2006

December

• 12/19/2006: Disciplinary Proceeding in the Matter of Armando C. Ibarra, P.C., Armando C. Ibarra, Sr., and Armando C. Ibarra, Jr.
• 12/192006: Disciplinary Proceeding in the Matter of Turner Stone & Company, LLP and Edward Turner, CPA
• 12/19/2006: Board Proposes Revised Auditing Standard on Internal Control over Financial Reporting
• 12/12/2006: The Office of Internal Oversight and Performance Assurance (IOPA) Issued New Review Summaries Regarding PCAOB Information Technology Activities
• 12/15/2006: Board Posts 1 Inspection Report
• 12/14/2006: Board to Consider Temporary Adjustment and Technical Amendments to Inspections Rules
• 12/13/2006: Board Welcomes Revised Interagency Policy Statement on the Allowance for Loan and Lease Losses
• 12/13/2006: Chairman Olson Speaks at the Exchequer Club [Speech Text]
• 12/11/2006: Chairman Olson and Chief Auditor Ray Speak at the AICPA National Conference on Current SEC and PCAOB Developments [Speech Text]
• 12/5/2006: Board to Consider Proposing a Revised Auditing Standard on Internal Control over Financial Reporting

November

• 11/30/2006: Board Posts 24 Inspection Reports
• 11/30/2006: Board Approves 2007 Budget
• 11/22/2006: Board to Consider 2007 Budget
• 11/16-17/2006:  Chairman Olson and Deputy Chief Auditor Phillips Speak at FEI Current Financial Reporting Issues Conference [Chairman Olson's Speech Text]
• 11/15/2006: Board to Hold Forum in Chicago on Auditing in the Small Business Environment

October

• 10/31/2006: Board Posts 18 Inspection Reports
• 10/30/2006: Board Member Niemeier Speaks at NASBA’s National Meeting [Speech Text]
• 10/27/2006: The PCAOB today issued an Adjustment to the Implementation Schedule for Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles
• 10/17/2006: Chairman Olson Speaks at NACD’s 2006 Corporate Governance Conference [Speech Text]
• 10/17/2006: PCAOB Issues Guidance on Auditing the Fair Value of Share Options Granted to Employees
• 10/12/2006: Chairman Olson and Board Member Niemeier Speak at the Federation des Experts Comptables Europeens (FEE) Conference on Audit Regulation [Speech Text]

September

• 9/21/2006: Board Announces Standing Advisory Group Meeting
• 9/21/2006: Board to Hold Forum in Philadelphia on Auditing in the Small Business Environment
• 9/21/2006: The Office of Internal Oversight and Performance Assurance has issued a new Review Summary for the Office of Research and Analysis
  (Review Summary) (Chairmen's Letter to the SEC)
• 9/19/2006: Chairman Olson Testifies Before the House Financial Services Committee [Testimony]
• 9/13/2006: Board Announces Deputy Director in Office of Research and Analysis
• 9/6/2006: Chairman Olson Testifies Before the Senate Banking Committee [Testimony]

August

• 8/15/2006: Board Posts 8 Inspection Reports
• 8/15/2006: Board to Hold Forum in Boston on Auditing In The Small Business Environment
• 8/14/2006: The Office of Internal Oversight and Performance Assurance has issued new Review Summaries for the Office of Chief Auditor and the Division of Enforcement and Investigations (Internal Oversight Page)
• 8/10/2006: 2005 Annual Report Added
• 8/03/2006: Board Announces Deputy Directors in Enforcement and Investigations

July

• 7/28/2006: PCAOB Issues Audit Practice Alert Regarding Timing and Accounting for Stock Option Grants
• 7/13/2006: Board Posts 14 Inspection Reports

June

• 6/21/2006: Seattle Forum on Auditing in the Small Business Environment [Opening Remarks by Board Member Kayla Gillan]
• 6/9/2006: Staff Q&A: Adjustments to Prior-Period Financial Statements Audited by a Predecessor Auditor
• 6/9/2006: PCAOB Chief Auditor Thomas Ray’s Remarks at the 25th Annual SEC and Financial Reporting Institute Conference in Pasadena, California
• 6/8/2006: Board Posts 14 Inspection Reports

May

• 5/23/2006: Board Proposes Rules for Periodic Reporting by Registered Accounting Firms
• 5/18/2006: Board to Consider Rules for Periodic Reporting by Registered Accounting Firms
• 5/17/2006: Board Announces Four-Point Plan to Improve Implementation of Internal Control Reporting Requirements
• 5/15/2006: Board Posts 20 Inspection Reports
• 5/2/2006: Board Solicits Nominations for Standing Advisory Group
• 5/1/2006: PCAOB and SEC Announce Panelists for May 10th Roundtable on Second-Year Experiences with Internal Control Reporting and Auditing Provisions
• 5/1/2006: Board Issues Statement Regarding 2006 Inspections (Release No. 104-2006-105)

April

• 4/27/2006: Overview of Auditing Standard No. 4 (Release No. 2006-003)
• 4/27/2006: Updated Frequently Asked Questions Regarding the Accounting Support Fee and the Funding Process
• 4/21/2006: SEC Approves PCAOB Rules on Auditor Independence and Tax Services
• 4/18/2006: Disciplinary Proceeding in the Matter of Reuben E. Price & Co. Public Accountancy Corp.