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    AICPA Opposes PCAOBs Mandatory Audit Firm Rotation Proposal

    Newsletter The AICPA recently told the Public Company Accounting Oversight Board its Concept Release on Auditor Independence and Audit Firm Rotation, which would require mandatory audit firm rotation, is not likely to achieve the goals the PCAOB intends
    Published on January 09, 2012

    Legislation Prohibiting Mandatory Audit Firm Rotation Introduced in U.S. House of Representatives

    Newsletter The CPA Advocate: April, 2013. H.R. 1564, introduced by Representative Robert Hurt, a Republican from Virginia, would block the PCAOB from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis
    Published on April 29, 2013

    AICPA Monitoring PCAOB Forums for Auditors of Smaller Broker-Dealers

    Newsletter The CPA Advocate: August, 2012. The AICPA continues to advocate for a final PCAOB rule requiring inspections of auditors of clearing, carrying and custodial broker-dealers because these broker-dealers directly handle investor funds
    Published on September 19, 2012

    Federal Legislative and Regulatory Issues

    Federal Law This page highlights the advocacy issues in which the Congressional & Political Affairs Team is advocating on behalf of the profession, and also those issues that the team has recently followed.
    Published on September 05, 2014

    Financial Regulatory Reform

    Article Responding to the 2007-2009 financial crisis, Congress debated comprehensive financial regulatory legislation that would address systemic risks, provide U.S. regulators with new resolution authorities and create a new consumer financial protection bureau. Listed in this article are specific provisions in the pending legislation, and potential amendments that concern the accounting
    Published on February 04, 2013

    House Passes Legislation Banning Auditor Rotation Mandate

    Newsletter The CPA Advocate. July, 2013. The AICPA-endorsed the bill reflects the overwhelming consensus on mandatory rotation in the United States, the AICPA stated in a letter to all members of the House of Representatives.
    Published on July 18, 2013

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