Auditing August 20, 2026
A new standard that clarifies and enhances auditors’ responsibilities for identifying fraud or suspected fraud in a financial audit statement was approved by the AICPA's Auditing Standards Board on Aug. 20.
Auditing May 21, 2025
Auditing accounting estimates is the topic of the latest edition of "Audit Focus," a series of PCAOB publications that aims to provide easy-to-digest information to auditors.
Auditing May 12, 2025
The PCAOB has posted a brand-new set of staff presentation videos designed to help audit firms and auditors implement four areas of their quality control system under QC 1000, A Firm’s System of Quality Control.
Auditing April 23, 2025
Accounting firm Adeptus Partners was fined $75,000 and managing partner Howard Krant was sanctioned $50,000 on April 22 for breaking the rules during the audits of two technology companies.
Auditing April 22, 2025
The new set of staff presentation videos are designed to help audit firms implement four components of their quality control system under QC 1000, A Firm’s System of Quality Control.
Auditing March 28, 2025
The Auditing Standards Board issues standards for auditing private companies, quality management standards for practitioners providing audit and attest services to private companies, and attestation standards.
Auditing March 25, 2025
James Pai CPA PLLC and its sole owner and partner Yu-Ching James Pai were fined a total of $40,000 for violating multiple PCAOB rules and standards in connection with the 2021 and 2022 audits of SUIC Worldwide Holdings.
Auditing March 24, 2025
The Public Company Accounting Oversight Board has released a series of three staff presentation videos focused on implementing the monitoring and remediation process under QC 1000, A Firm’s System of Quality Control.
Auditing March 18, 2025
The IIA emphasized the importance of establishing clear and measured safeguards governing AI applications, noting the significant impact the technology will have on Americans.
Auditing March 17, 2025
Catherine “Halie” Creps, a partner in KPMG’s Department of Professional Practice, will assume her duties at the end of May.
Auditing March 13, 2025
The Public Company Accounting Oversight Board posted the newest edition of its "Audit Focus" series, this time putting the spotlight on Form AP, which registered accounting firms are required to file to disclose key information specific to the audit.
Auditing March 12, 2025
Jaslyn Sellers was found by the PCAOB to have committed "significant audit failures" in her role as engagement partner in consecutive audits of NetSol Technologies Inc. for the fiscal years ended June 30, 2021, and June 30, 2022.
Accounting March 11, 2025
Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to have sufficient funding.