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U.S. Audit Board Set to Pick Up Supervision Rule Next Year

Sept. 14, 2020, 10:18 PM

The U.S. audit regulator expects to consider updates to its rules for supervision of outside auditors in 2021.

Public Company Accounting Oversight Board staff plan to give a recommendation to the board for action next year, Chief Auditor Megan Zietsman said Monday during a virtual banking conference hosted by the American Institute of CPAs.

  • Staff are actively working on the standard, Zietsman said. She also said inspections targeting multi-location audits and the board’s work on a new quality controls standard are feeding into the project.
  • The standard was among a batch of rule changes nearing completion in 2017 when ...

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