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Auditing

Shield Extends the Compliance Perimeter to AI-Generated Records and Image-Based Content 

Technology June 16, 2026 

Shield Extends the Compliance Perimeter to AI-Generated Records and Image-Based Content 

FINRA Rule 4511 and the 2026 Oversight Report make clear that recordkeeping obligations apply to business communications regardless of channel or format.

Featured Articles

June 15, 2026  

Former SEC Chair Says Kalshi is Flat Wrong: Sports Bets Aren’t Swaps

June 12, 2026  

Trump Taps Ex-SEC Chairman Jay Clayton as Intelligence Chief

June 12, 2026  

SEC Proposes Eliminating Equities Trade-Through Rule

June 10, 2026  

The Case for Standardizing Audit Data Intake Before Busy Season Hits

June 10, 2026  

Crunchafi Adds In-App Integration with Thomson Reuters for Lease Accounting Automation in PPC Audit Workflows
PCAOB Posts Educational Videos to Help Auditors Implement New Quality Control Standard

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.

Jason Bramwell

SEC OKs 2025 FASB Taxonomies

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.

Jason Bramwell

PCAOB Appoints New Members to Advisory Groups

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.

Jason Bramwell

IIA Makes Recommendations on Development of Artificial Intelligence Action Plan

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.

Isaac M. O'Bannon

Content-Audit1

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.

Isaac M. O'Bannon

PCAOB Releases New Resource for Auditors on Form AP

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.

Jason Bramwell

Ex-BF Borgers Partner’s Bad Auditing Judgment Results in $15,000 Fine From the PCAOB

Auditing March 12, 2025 

Ex-BF Borgers Partner’s Bad Auditing Judgment Results in $15,000 Fine From the PCAOB

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.

Jason Bramwell

Report Shows the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders

Accounting March 11, 2025 

Report Shows the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders

Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to have sufficient funding.

Isaac M. O'Bannon

Nasdaq Suffers Worst Day Since 2022

Financial Reporting March 10, 2025 

Nasdaq Suffers Worst Day Since 2022

Anxiety that tariffs and government firings will torpedo growth in the world’s largest economy extended a three-week stretch of volatility across global markets.

AuditBoard Adds Advanced AI Capabilities to Internal Audit Platform

Auditing March 10, 2025 

AuditBoard Adds Advanced AI Capabilities to Internal Audit Platform

AuditBoard's new features enable customers to audit with impactful, industry-trained, generative AI-powered workflows.

Isaac M. O'Bannon

New Report Reveals the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders

Auditing March 10, 2025 

New Report Reveals the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders

Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to have sufficient funding.

Isaac M. O'Bannon

The Institute of Internal Auditors Opens Third-Party Topical Requirement for Public Comment

Auditing March 6, 2025 

The Institute of Internal Auditors Opens Third-Party Topical Requirement for Public Comment

The Topical Requirements are a key element of The IIA’s broader International Professional Practices Framework, alongside the Global Internal Audit Standards and Global Guidance.

Isaac M. O'Bannon

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