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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 Publishes Extra Guidance on Remediation Process

Auditing November 11, 2024 

PCAOB Publishes Extra Guidance on Remediation Process

Audit firms are encouraged to review the supplement and other resources providing transparency around remediation.

Here’s What’s On the Updated PCAOB Standard-Setting, Rulemaking Agendas

PCAOB November 7, 2024 

Here’s What’s On the Updated PCAOB Standard-Setting, Rulemaking Agendas

Year-end standard-setting projects include NOCLAR, audit firm and engagement metrics, and reporting in specified circumstances.

Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses

SEC November 5, 2024 

Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses

The furniture retailer settled an SEC lawsuit last week alleging that two former executives committed accounting fraud.

KPMG to Cut Audit Staff By About 4%

Firm Management November 4, 2024 

KPMG to Cut Audit Staff By About 4%

The Big Four firm has let 330 people, or nearly 4% of its roughly 9,000-person audit workforce, know they will be losing their jobs.

Jason Bramwell

What Are Audit Partners’ Biggest Concerns Heading Into 2025?

Firm Management October 30, 2024 

What Are Audit Partners’ Biggest Concerns Heading Into 2025?

The Center for Audit Quality's latest Audit Partner Survey gauged partners' views on the current business environment in the U.S.

Jason Bramwell

PCAOB Chair Sworn in For Second Term

PCAOB October 25, 2024 

PCAOB Chair Sworn in For Second Term

Erica Williams' new five-year term as chair of the PCAOB officially began on Oct. 25 and lasts through Oct. 24, 2029.

Jason Bramwell

PCAOB Provides Three Resources For Auditors On the New Quality Control Rules

Auditing October 24, 2024 

PCAOB Provides Three Resources For Auditors On the New Quality Control Rules

The resources include a practice aid, comparison document, and a webinar related to the implementation of QC 1000.

Jason Bramwell

AuditBoard Expands AI Capabilities, Empowering Customers to Define the Future of Audit, Risk, and Compliance

Accounting October 23, 2024 

AuditBoard Expands AI Capabilities, Empowering Customers to Define the Future of Audit, Risk, and Compliance

AuditBoard and Ascend2 Research recently conducted a survey finding 89 percent of organizations plan to use AI but face challenges like data privacy concerns and high costs.

Isaac M. O'Bannon

SEC to Increase Scrutiny of AI Tools Used by Brokers, Investment Advisers

SEC October 22, 2024 

SEC to Increase Scrutiny of AI Tools Used by Brokers, Investment Advisers

Although the SEC put AI risks on its examination watch list last year, it went into further detail in its latest Division of Examinations report.

DataSnipper Acquires UpLink, Releases New Product DocuMine

Auditing October 15, 2024 

DataSnipper Acquires UpLink, Releases New Product DocuMine

The move expands DataSnipper's goal of building a comprehensive AI-powered audit ecosystem with global impact, the company said.

Jason Bramwell

Validis Launches Upload Functionality to Streamline Data Collection

Financial Reporting October 11, 2024 

Validis Launches Upload Functionality to Streamline Data Collection

The new Upload functionality now makes Validis accessible to all businesses, regardless of their accounting package.

Isaac M. O'Bannon

Finance Leaders Want Their Organization’s Audit Firm to Use AI—Immediately

Auditing October 8, 2024 

Finance Leaders Want Their Organization’s Audit Firm to Use AI—Immediately

Before engaging with an auditor, 64% of finance leaders say they look for the audit firm to use AI, according to a new BDO USA report.

Jason Bramwell

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