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U.S. Audit Board Returns to Supervision Rule After Hiatus (1)

Sept. 28, 2021, 4:05 PMUpdated: Sept. 28, 2021, 6:43 PM

The U.S. audit regulator on Tuesday issued its latest proposal to strengthen rules governing how firms oversee and coordinate the work of third-party auditors.

The Public Company Accounting Oversight Board voted unanimously to propose additional changes to a draft rule package and is seeking a third round of feedback on changes to rules involving the supervision of other auditors—a major project that has languished during the last four years amid leadership changes at the PCAOB. Now yet another group of board members is set to take the helm of the audit board and will inherit the project ...