The PCAOB reproposed for public comment an auditing standard, Related Parties, and related amendments to other standards to address areas that have been contributing factors in a number of financial reporting frauds.
“Aerospace and defense companies are challenged to meet the pressures of decreasing government defense budgets, increased globalization and competition, and a highly complex regulatory environment,” Gates said. “We at KPMG look forward to offering insights and services that assist A&D executives in growing and optimizing their businesses, managing risk and helping them to address these significant challenges.”
The PCAOB has scheduled an open meeting for 9:30 a.m. on Tuesday, May 7, to consider reproposing for public comment an auditing standard, Related Parties.
The Board also will consider related amendments, including those regarding significant unusual transactions.
Mahoney Sabol & Co./Glastonbury, Conn. expanded its Public Sector Practice with the addition of Robert Howard, Jr. and five staff members specializing in municipal, quasi-governmental and not-for-profit specialty practice area.