The charge stemmed from using confidential lists of audit reviews to enhance the firm's results
Comments are due Jan. 2
PwC and one of the firm's partners are paying US$7.9 million to settle allegations
David Middendorf was convicted of wire fraud charges back in March
The firm was fined US$950K for failing to comply with auditor independence rules
The situation has improved generally over the past 15 years, but the CPAB sees the recent drop in reliability as a "critical concern"
Benita Warmbold is the first woman to head the audit regulator's board
Convictions stem from a scheme to access confidential information about audits
Report recommends a series of best practices to help audit committees ensure high-quality financial audits
Technology-driven innovation is expected to transform auditing and audit regulation in the years ahead