Modernizing Audit Oversight: PCAOB's New Requirements

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This chapter covers the PCAOB's initiative for major audit firms to set up internal oversight boards with external members to enhance audit quality and scrutiny. It also highlights the tension between increased regulatory oversight and the audit profession's response to rising deficiencies amid recent disruptions.

The UK blocks some arms shipments to Israel, audit firms are fighting against new oversight rules in the US, and the same technology that brought us Covid-19 vaccines could also be used to fight cancer. Plus, the Oasis revival tour is so popular it triggered a UK investigation into Ticketmaster.

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UK to halt exports of some arms to Israel citing possible law breaches External Link

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Accountancy firms fight back against audit reforms

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The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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