Auditing March 4, 2026
SEC and PCAOB Enforcement Plummets
In 2025, the SEC brought 68% fewer accounting and auditing actions than in 2024, and the PCAOB finalized 27% fewer actions over the same period, according to Cornerstone Research.
Accounting April 8, 2025
After $1.8B Accounting Error, South Carolina Looks to Change External Auditor
South Carolina lawmakers want to move on from outside independent auditor CliftonLarsonAllen after a 20-year relationship.
SEC March 28, 2025
GOP Embraces Atkins for SEC Chair, While Dems Doubt His Judgment
Senate Banking Republicans are looking forward to Paul Atkins changing how the SEC works, while Democrats question his record.
Auditing March 28, 2025
AICPA Seeks Feedback on 2026-30 Strategic Priorities for Standard-Setting Panel
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 26, 2025
Fieldguide Launches Field Agents
Field Agents goes beyond simple automation by autonomously executing entire engagement workflows, transforming complex, multi-step processes that once took hours into seconds.
Auditing March 25, 2025
PCAOB Nails New York CPA Firm for Multiple Audit Failures
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 25, 2025
FloQast Launches Auditable AI Agents
As the talent gap in the accounting and finance profession continues to increase, this first-to-market capability empowers teams to do more with less and evolve from preparers into reviewers, able to focus on strategic initiatives while AI handles repetitive, time-consuming tasks.
Auditing March 24, 2025
PCAOB Posts Educational Videos to Help Auditors Implement New Quality Control Standard
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.
Accounting March 19, 2025
SEC OKs 2025 FASB Taxonomies
The SEC approved the 2025 GAAP Financial Reporting Taxonomy and two others, while the FASB finalized two additional taxonomies.
Auditing March 19, 2025
PCAOB Appoints New Members to Advisory Groups
The Public Company Accounting Oversight Board on March 18 appointed new members to two of its advisory groups: the Investor Advisory Group and the Standards and Emerging Issues Advisory Group.
Auditing March 18, 2025
IIA Makes Recommendations on Development of Artificial Intelligence Action Plan
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
AICPA Names Creps New Chair of Auditing Standards Board
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
PCAOB Releases New Resource for Auditors on Form AP
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.