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US audit watchdog to update 25 standards, prioritize crypto and SPAC inspections

( July 28, 2022, 18:49 GMT | Official Statement) -- MLex Summary: Erica Williams, head of the Public Company Accounting Oversight Board, said the audit watchdog is updating about 25 standards in eight standard-setting projects. It also is prioritizing matters related to cryptocurrencies and Special Purpose Acquisition Companies, or SPACs, in its inspections of audit firms, she said. In January, Williams took the helm of a board largely reconstituted by Gary Gensler, head of the US Securities and Exchange Commission, which oversees PCAOB.Statement follows in full:...

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