US Audit Board Aims to Issue Corporate Crime Risk Plan This Year

The US audit regulator is racing to wrap up a handful of rule-writing projects by the end of the year, including a plan that would force auditors to dig deeper into possible corporate lawbreaking.

The Public Company Accounting Oversight Board revised priorities and timelines for its standard-setting work on Monday. The board’s updated agenda retains its commitment to finalize a project that would overhaul its illegal acts standard this year.

Auditors and US companies told the board to scale back the far-reaching proposal, known as noncompliance with laws and regulations or NOCLAR, and to submit a fresh draft for ...