Financial A&A news from around the web: November 18 – 22, 2024

PCAOB calls off NOCLAR project for this year 

Facing a backlash from audit firms about its proposal to toughen the standards for failing to detect noncompliance with laws and regulations, the PCAOB has decided to delay action on the standard this year. 

AICPA has grave concerns with BOI reporting requirement timeline 

According to the AICPA, there is a worrisome lack of awareness surrounding the reporting requirements for BOI and they have raised these concerns about the complexities around the rule with FinCEN.