This study examines the effect of expanded audit disclosures required by ISA 700 (UK and Ireland), The Independent Auditor's Report on Financial Statements, on the communication value of the audit report. The new ISA 700 audit report is the first attempt by an auditing standard-setter to include expanded auditor disclosure in the audit report. The expanded disclosures significantly alter the pass/fail audit report model; however, it is not immediately clear that more audit report disclosures improve communication value. University and members of the PhD Project Accounting Doctoral Student Association during my matriculation. I am especially grateful for the camaraderie and friendship of my fellow classmate, Erik Lewis Beardsley. I appreciate the insights on the expanded audit report from senior audit practitioners in the United Kingdom that were integral to my research process. I thank Colin Chapman for his assistance in collecting the UK annual reports used in this study. I gratefully acknowledge generous financial support from Texas A&M University, Mays Business School, AICPA Foundation, and KPMG Foundation. I extend my deepest gratitude to the great "cloud of witnesses" that have provided their unyielding support of my academic endeavors. I am grateful for the leadership of Dean Emeritus Quiester Craig and the accounting faculty at North Carolina A&T State University for providing the initial spark of intellectual curiosity that led me to pursue my doctorate in accounting. I also appreciate the vision of Bernie Milano to increase the number of minority professors in business schools. I will always treasure the advice and wisdom shared by countless mentors, counselors, and friends that kept me on the path to completion. I will endeavor to pay these kindnesses forward to future accounting academics. Finally, I am forever indebted to my family who shared in this journey with me. To God be the glory for the marvelous things He has done. v

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Historically black colleges and universities (“HBCU”) provide an academic environment that contributes to increased student success and social mobility. However, this environment introduces unique working conditions for faculty members. The existing academic literature does not provide evidence about the motivation and job satisfaction of HBCU accounting faculty.  This study addresses that gap and provides survey evidence on this unique group's motivation and job satisfaction.  We find that respondents are motivated by helping others but are not satisfied with institutional operations, research resources, and compensation.  We also find that tenured faculty have lower job satisfaction than non-tenured faculty.  Demographically, we find that the respondents were older, tenured, and have significant practitioner experience.  Taken together, these findings identify opportunities for improvement in job satisfaction for HBCU accounting faculty.

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On December 17, 2019, the Public Company Accounting Oversight Board (the Board or PCAOB) issued a request for comment on its Concept Release, Potential Approach to Revisions to PCAOB Quality Control Standards . The Board is considering revising its Quality Controls (QC) standards to focus firms on improving their QC systems. To reduce the compliance burden on firms, the Board is considering aligning its QC standards with those of the proposed International Standard on Quality Management 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements (proposed ISQM 1). The comment period ended on March 16, 2020. This commentary summarizes the participating committee members’ views on selected questions on three topics presented in the Concept Release: Resources (questions 31, 32, 34, 36, 37), The Monitoring and Remediation Process (questions 45, 46, 47), and Roles and Responsibilities of Individuals (question 52).