The PCAOB has announced it will continue in its effort to review and improve the quality of audit reports on accounting firms.

The PCAOB has announced it will continue in its effort to review and improve the quality of audit reports on accounting firms.

Making the securitys in its annual report, the PCAOB said it will further review existing and interim standards; incorporate its confess auditing and related professional practice standards into existing ones; enforce concurring and secondary partner reviews; and step-up communication and relations with audit committees.

In its statement of activities the PCAOB revealed that for year-end December 2003 it had a total operating receipts of $54 million. Of this $68 million went toward inspections and