PCAOB Proposes Greater Transparency for Audit Firms

PCAOB Proposes Greater Transparency for Audit Firms

By Prathamesh 24 April, 2024
news

On 9 April the US Public Company Accounting Oversight Board (PCAOB) released a proposal to significantly enhance a range of metrics that audit firms will need to publicly disclose on an annual basis.

Proposed metrics include measures about the number of audit professionals that worked within engagements teams, the hours worked across different labour categories, (including the number of Partner hours expended on audits), the overall workload (hours worked each quarter, for example), breakdowns on the use of specialist and shared services centres, as well as years of experience and years of industry experience provided by the audit firm on regulated audits.

To find out more details please visit : https://www.xbrl.org/