US auditors are dealing with a flurry of rule changes over the next two years that impose a higher bar for vetting the books of some of the largest companies in the world.
The new requirements stem from an unusual burst of standard-setting by the Public Company Accounting Oversight Board, which has churned out six final projects since 2022 as it looks to overhaul an outdated rule book and stem mounting audit flaws spotted in routine inspections.
But the rapid pace of change under the leadership of Chair Erica Williams has sparked tension with auditors and corporate advocates who ...