The Public Company Accounting Oversight Board (PCAOB) is altering its approach to audit oversight under new chair Jim Logothetis, a former EY executive. This shift, which includes revising rules on quality control systems and potentially focusing less on individual audit engagements, has raised investor concerns about a potential decrease in audit quality and transparency.
Historically chaired by lawyers or regulators to ensure independence, the PCAOB's board now sees
Source: Financial Times Companies · Summarized by HeadlinesBriefing