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
CPAB reports big jump in the number audits with significant deficiencies over last year, calls for improved consistency
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