From www.goingconcern.com: The PCAOB’s new rule, PCAOB-2024-06, requires accounting firms to report detailed metrics regarding audit workloads, staffing, and training, prompting strong opposition from the Big 4 firms and the AICPA, who argue it could lead to misinterpretations of audit quality.

Critics point out systemic issues in the audit profession, including a reliance on inexperienced staff and overwhelming workloads, which could ultimately affect the integrity of audits.

Supporters of the rule, including retired audit professionals, believe that increased transparency in these metrics is essential for enhancing audit quality and accountability.