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Audit Standards

The IIA Calls for Stronger Governance, Internal Controls, and Independent Audit Requirements in Prediction Markets

Auditing May 4, 2026 

The IIA Calls for Stronger Governance, Internal Controls, and Independent Audit Requirements in Prediction Markets

The IIA’s recommendations draw upon globally recognized standards within its International Professional Practices Framework.

Featured Articles

April 16, 2026  

The IIA Enhances CIA Challenge Exam Program, Expanding Access Through New Pathway Pilot

February 27, 2026  

AICPA Seeks Public Comment on Proposed Updates to Attestation Standards

January 14, 2026  

PCAOB Punishes Zwick CPA, Firm’s Owner, and a Manager for Audit Gone Awry

December 19, 2025  

CPA Barred, Audit Firm Fined by PCAOB for Quality Control Issues

December 19, 2025  

PCAOB Fines Florida Audit Firm $35,000 Over Tardy Form AP Filings
SEC Green-Lights New PCAOB Quality Control Standard

Auditing September 10, 2024 

SEC Green-Lights New PCAOB Quality Control Standard

Nearly three weeks after approving a batch of new PCAOB standards, the SEC Sept. 9 OK'd another new rule, this time on quality control.

Jason Bramwell

Workiva Adds New Global Internal Audit Standards to Audit Management Platform

Accounting July 11, 2024 

Workiva Adds New Global Internal Audit Standards to Audit Management Platform

Released by the Institute of Internal Auditors (The IIA), the Global Internal Audit Standards are designed to equip internal audit professionals to respond to emerging business challenges and engage with board members and executives as strategic partners for their organizations. 

Isaac M. O'Bannon

Canadian Audit Firm Fined $60,000 By the PCAOB for Quality Control Failures

Auditing June 25, 2024 

Canadian Audit Firm Fined $60,000 By the PCAOB for Quality Control Failures

Vancouver-based De Visser Gray was sanctioned for failing to comply with U.S. quality control standards from April 2019 to January 2024.

Jason Bramwell

PCAOB Busts Two Audit Firms for Not Complying With Reporting Rules

Auditing June 25, 2024 

PCAOB Busts Two Audit Firms for Not Complying With Reporting Rules

KKM CPA Associates in New York and the BDO affiliate firm in the United Arab Emirates were fined $25,000 and $20,000, respectively.

Jason Bramwell

PCAOB Adopts New Rules for Auditors on Technology-Aided Analysis

Auditing June 17, 2024 

PCAOB Adopts New Rules for Auditors on Technology-Aided Analysis

The revised rules provide detail and clarity for auditors when performing procedures using technology-assisted analysis.

Jason Bramwell

PCAOB Looks to Clarify Auditing Rules on Substantive Analytical Procedures

Auditing June 13, 2024 

PCAOB Looks to Clarify Auditing Rules on Substantive Analytical Procedures

The proposal issued by the board June 12 would replace an interim standard that hasn't changed significantly since 1989.

Jason Bramwell

PCAOB OKs Tougher Rules on Auditor Negligence

Auditing June 13, 2024 

PCAOB OKs Tougher Rules on Auditor Negligence

Individuals face possible sanctions when they negligently, directly, and substantially cause their firm to break PCAOB rules.

Jason Bramwell

PCAOB Fines Florida-Based Firm L&L CPAs $75,000 for Auditing Blunders

Auditing June 10, 2024 

PCAOB Fines Florida-Based Firm L&L CPAs $75,000 for Auditing Blunders

The firm and three people were sanctioned for violations related to quality control, auditing failures, and missing Form AP deadlines.

Jason Bramwell

CAQ Asks PCAOB to Extend Comment Period on a Pair of Proposed Standards

Auditing May 22, 2024 

CAQ Asks PCAOB to Extend Comment Period on a Pair of Proposed Standards

The Center for Audit Quality asked for an extra 60 days to review and provide feedback on two proposals with a June 7 comment due date.

Jason Bramwell

PCAOB Slaps Audit Firm MaloneBailey With $400,000 Fine

Auditing May 21, 2024 

PCAOB Slaps Audit Firm MaloneBailey With $400,000 Fine

The top 200 accounting firm was sanctioned on May 21 for what the PCAOB calls “pervasive quality control violations.”

Jason Bramwell

audit

Accounting Standards May 16, 2024 

AICPA Auditing Standards Board Approves Revisions to Attestation Standards

The changes are intended to align them with the AICPA standards pertaining to quality management, and related financial statement audit and non-audit standards.

Isaac M. O'Bannon

PCAOB Replaces Old Quality Control Rules With a New Standard

Auditing May 14, 2024 

PCAOB Replaces Old Quality Control Rules With a New Standard

The new quality control standard will require audit firms to annually evaluate their QC systems and report the results to the PCAOB.

Jason Bramwell

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