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 January 21, 2025
PCAOB staff continues to identify a large number of deficiencies related to the auditor’s examination of journal entries, the audit regulator said.
Auditing January 7, 2025
The blockbuster fine of 2024 was the $25 million penalty the PCAOB gave KPMG in the Netherlands last April for systemic internal exam cheating over a five-year period. It's the largest fine the PCAOB has ever doled out.
Auditing January 3, 2025
Under the new rules, the PCAOB can address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered, as demonstrated by its failures to file annual reports via PCAOB Form 2 and pay annual fees for at least two consecutive reporting years.
Auditing December 6, 2024
Taking a deep dive into internal firm culture, a new PCAOB staff report discusses several factors that can impact audit quality.
Auditing December 6, 2024
The PCAOB doled out $465,000 in total fines, permanently revoked the registration of Raines & Fischer, and barred three of its partners.
Auditing December 6, 2024
The sanctions against Weinstein International CPA and Idan Weinstein are for violating rules on three issuer audits.
Auditing December 6, 2024
“Sound and consistent information strengthens investor confidence and can drive audit quality,” PCAOB Chair Erica Williams said.
Auditing November 13, 2024
"Audit Focus" intends to provide easy-to-digest information to auditors, with critical audit matters as the first topic in the series.
Accounting November 13, 2024
The report explores the use, implementation and governance of GenAI within organizations and internal audit functions.
Auditing November 11, 2024
The PCAOB revoked the registration of JTC Fair Song for violations of auditing rules and for not cooperating with an investigation.
Auditing November 11, 2024
Audit firms are encouraged to review the supplement and other resources providing transparency around remediation.
PCAOB November 7, 2024
Year-end standard-setting projects include NOCLAR, audit firm and engagement metrics, and reporting in specified circumstances.