The SEC has approved the PCAOBs new Quality Control standard, that amongst other things requires audit firms to bring in independent outsiders to…

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The SEC has approved the PCAOBs new Quality Control standard, that amongst other things requires audit firms to bring in independent outsiders to oversee audit quality. Firms that audit more than 100 public firms will have to set up an oversight board that includes at least one independent external member.

https://lnkd.in/eBR7VNUQ

“When a firm’s QC system operates effectively, quality audits follow,” said Williams after SEC approval. “And when QC systems operate ineffectively, investors are put at risk.”

@Thaddeus Dziekanowski Brian D. McCarthy

Veritas GRC

#cybersecurity #cyberriskmanagement #cyberaudit

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