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.
July 28, 2014
Forensic Accounting Case Study Spotlights CFO Fraud
A client requested an initial audit to satisfy bank requirements of a wholesale/distributor of office products. The experienced team at Gettry Marcus performed the required audit procedures, but as it does with all clients, Gettry Marcus looked beyond the required steps.
July 28, 2014
Financial Restatements Fell Significantly During Past Decade
An in-depth academic analysis of trends and characteristics of restatements to public company financial statements in the United States in the 10-year period following the Sarbanes-Oxley Act (SOX) reveals a substantial drop in the number and severity of restatements.
July 26, 2014
Feds Charge Pennsylvania Woman with Embezzling $562K
Felicia Anne Straub knew that her boss suspected someone was embezzling from the Whitehall Township repo business where she worked as an office manager.
July 21, 2014
Former Director of Georgia State Fair Convicted of Embezzlement
Jurors deliberated about 90 minutes before finding the former Georgia State Fair director guilty of fiduciary theft. The trial began Monday in Bibb County Superior Court.
July 15, 2014
FASB Simplifies Inventory Management Guidelines
As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items
July 10, 2014
PCAOB Settles Suit Against Former Big 4 Accountant
Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.
July 2, 2014
Bookkeeper Accused of Stealing $400K
A 65-year-old New Mexico woman is accused of stealing nearly $400,000 from her employer, including forging more than 200 checks and paying $30,000 in mortgage payments via electronic transfers from her employer's account.
June 30, 2014
ADP SmartCompliance Tax Credits System Undergoes First SOC 2, Type 1 Audit
The operations supporting ADP's SmartCompliance Tax Credits module have successfully completed its first Service Organization Controls (SOC) 2 Type 1 audit.
June 30, 2014
New Report Looks at Changing Broker-Dealer Audit Landscape
Thomson Reuters has released a special report, Cause and Effect of the Changing Broker-Dealer Audit Landscape, which provides an overview of the PCAOB's new standards affecting broker-dealer audits.
June 25, 2014
Finance Teams Expand Duties in Response to Business Complexity
The role of finance teams is expanding beyond the traditional areas of accounting and financial reporting, according to a new survey by the AICPA and the Chartered Institute of Management Accountants.
June 24, 2014
8 Questions Small Businesses Should Ask Their Accountant
For businesses on the search for a new accountant, selecting the right one shouldn’t be taken lightly. For a small business, an accountant can play a critical role in the company’s successes and can lessen an owner’s headaches and stresses.
June 24, 2014
University of Maryland Wins KPMG Case Study Competition
The University of Maryland's Robert H. Smith School of Business has won the 2014 KPMG/NABA Case Study Competition. The award, presented by Big Four audit, tax and advisory firm KPMG and the National Association of Black Accountants was presented during a two-day event held during the annual NABA Conference & Expo in Washington, D.C. last…