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 22, 2024
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.
Auditing May 21, 2024
The top 200 accounting firm was sanctioned on May 21 for what the PCAOB calls “pervasive quality control violations.”
Accounting Standards May 16, 2024
The changes are intended to align them with the AICPA standards pertaining to quality management, and related financial statement audit and non-audit standards.
Auditing May 14, 2024
The new quality control standard will require audit firms to annually evaluate their QC systems and report the results to the PCAOB.
Auditing May 14, 2024
As part of a new standard adopted May 13, the time period to assemble a final set of audit documentation would be cut from 45 to 14 days.
Auditing April 10, 2024
The proposal would direct firms to provide more information, like involvement of partners and auditor turnover, to investors.
Auditing March 21, 2024
The three KPMG Huazhen partners were docked a total of $150,000 for turning a blind eye to U.S. auditing standards.
Auditing February 28, 2024
A proposed rule would limit how audit firms tout their PCAOB registration in marketing to clients and potential clients.
Auditing February 23, 2024
Withum was fined $2 million, while Baker Tilly and Mazars were fined $80,000 and $60,000, respectively, for rules violations.
Auditing January 30, 2024
Edward Hackert is accused of improper conduct by repeatedly not following U.S. auditing standards over a 10-year period.
Auditing January 29, 2024
The top 100 firm and two current and two former partners were sanctioned for subpar auditing and quality control failures.
Auditing October 4, 2023
The new standard on confirmations is the first project the board saw through from start to finish with Williams as PCAOB chair.