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Audit Regulator Restores Priorities in Rule-Writing Agenda (1)

May 4, 2022, 8:18 PMUpdated: May 4, 2022, 10:42 PM

U.S. auditors could soon face new requirements for how they consider the short-term viability of their clients, check client records with vendors and customers, and supervise third-party accounting firms.

The Public Company Accounting Oversight Board updated its standard-setting and research agenda Wednesday, offering the first look at the board’s priorities since Erica Williams took the helm as chair earlier this year.

The board has set an ambitious agenda that would advance two major projects on quality management and oversight of other accountants by the end of this year and would also begin to tackle a long list of outdated audit ...