Punitive fines, litigation settlements, customer remediation, and other costs flowing from non-financial risk management failures are often waived off as “costs of doing business.” But many are now prioritizing the development of reliable metrics that would offer disclosable leading indicators of these financial risks so that they may be addressed proactively.
Observations
Dec 10, 2024The US Public Company Accounting Oversight Board (PCAOB) has introduced new rules requiring large accounting firms to submit annual financial statements and disclose key audit quality metrics.
Observations
Jun 16, 2023The Public Company Accounting Oversight Board (PCAOB) is considering issuing a proposal on key Audit Quality Indicators (AQIs) in the coming months, according to a recent staff update.
Compendium
Jun 07, 2023Compendium
Jun 07, 2023
