Guest post: Public transparency for audit engagement performance metrics

We've been waiting since at least 2008, since the U.S. Treasury Advisory Committee on the Auditing Profession (ACAP) report’s recommendations. How dare anyone call this "midnight rule-making"?

Today at the AICPA & CIMA Conference on Current SEC & PCAOB Developments we heard PCAOB Chair Erica Williams talk about the work her team has accomplished and the remaining work she hopes to still do. One important thing she has accomplished is catching up on updating auditing standards and initiating new ones, important ones that have been waiting a lo…