The Public Company Accounting Oversight Board voted to adopt amendments that ease the requirements of its QC 1000 quality control standard for auditing firms.
Day: September 9, 2026
IIA urges SEC to reject NYSE audit proposal
The Institute of Internal Auditors wants the SEC to reject a proposal to give newly listed companies up to five years to establish an internal audit function.
Sharon Osbourne files to remove accountant as executor to Ozzy’s estate
Sharon Osbourne filed to remove Colin Newman, her late husband Ozzy’s long-term accountant, as an executor of the rock star’s estimated $100 million estate.
GASB proposes digitization of government financial statements
The Governmental Accounting Standards Board released a discussion memorandum on the design of the GASB-GAAP Taxonomy and digitization of government financial statements.
FASB releases standard for mutual fund fair value reporting
The update changes how investment companies such as mutual funds can measure the fair value of an equity security subject to a contractual sale restriction.