NYCPA Trusted Professional Podcast
Oct 8, 2026 · 39 min · 13 segments
Wassia Kamon shares her journey from West Africa to CFO, highlighting the importance of executive branding, the role of community and mentorship, and how AI is transforming finance functions. Wassia…
Calvin Harris Jr.HostWassia KamonGuestFirst, from September the 9th, the PCAOB finalizes amendments to quality control standard.
In audit news, the PCAOB has adopted amendments to QC 1000, its new quality control standard for registered public accounting firms.
The changes are intended to simplify parts of the standard and reduce compliance costs.
Among other updates, firms will have more flexibility in assigning certain quality control roles, while the required retention period for quality control documentation will be shortened from seven years to five.
The standard is still set to take effect on December the 15th of 2026, pending SEC approval.
The AICPA raised concerns that the guidance does not fully account for value-based pricing or the cost firms incur when adopting AI, including software training and governance concerns.
First, from September the 9th, the PCAOB finalizes amendments to quality control standard.
In audit news, the PCAOB has adopted amendments to QC 1000, its new quality control standard for registered public accounting firms.
The changes are intended to simplify parts of the standard and reduce compliance costs.
Among other updates, firms will have more flexibility in assigning certain quality control roles, while the required retention period for quality control documentation will be shortened from seven years to five.
The standard is still set to take effect on December the 15th of 2026, pending SEC approval.
The AICPA raised concerns that the guidance does not fully account for value-based pricing or the cost firms incur when adopting AI, including software training and governance concerns.
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