PCAOB details qc fix efforts.

• Position: Public Company Accounting Oversight Board - Brief article

The PCAOB has issued two releases that detail the SOX provision that gives accounting firms incentives to address quality control criticisms within 12 months after a board-issued report.

The first release details the process by which the PCAOB determines whether a registered accounting firm has addressed quality control criticisms in an inspection report. The second details the PCAOB's observations about efforts...