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.
Technology February 2, 2026
Fieldguide Raises $75M Series C Round to Boost Audit and Advisory Firms’ Agentic AI Capabilities
The financing brings Fieldguide’s total funding to $125 million and values the San Francisco-based company, which provides an agentic AI platform for audit and advisory, at $700 million.
PCAOB February 2, 2026
Retired EY Partner Tapped to Lead PCAOB
Demetrios "Jim" Logothetis, a 40-year veteran of Ernst & Young who retired as an audit partner from the Big Four firm in 2019, was picked as the new PCAOB chair by the SEC, which also appointed three new board members Jan. 30.
SEC January 29, 2026
ADM to Pay $40M Fine to Settle SEC Accounting Fraud Charges
Archer-Daniels-Midland Co. agreed to settle accounting and disclosure fraud charges for materially inflating the performance of a key ADM business segment, Nutrition, which the Chicago-based company touted to investors as an important driver of its overall growth.
Auditing January 14, 2026
PCAOB Punishes Zwick CPA, Firm’s Owner, and a Manager for Audit Gone Awry
The PCAOB announced sanctions on Jan. 13 against Southfield, MI-based accounting firm Zwick CPA, the firm's owner Jack Zwick, and former audit manager Jeffrey Hoskow for an audit gone wrong.
Technology January 9, 2026
RSM US Rolls Out ‘Ask Luca’ GenAI Tool for Firm’s Auditors
RSM US said Thursday it has launched "Ask Luca," a generative AI tool within RSM Luca, the firm's digital audit ecosystem, that leaders say will assist its assurance professionals in delivering more efficient, high-quality audits for clients.
PCAOB December 26, 2025
PCAOB Names William Ryan Acting Enforcement Director
Ryan, who is chief counsel of the PCAOB Enforcement Division, will assume the role following current PCAOB Enforcement Director Robert Rice’s retirement on Dec. 31, 2025.
Auditing December 19, 2025
CPA Barred, Audit Firm Fined by PCAOB for Quality Control Issues
Jennifer Crofoot, a former audit partner at Fruci & Associates II, was barred for three years and the firm was docked $50,000 for failing to follow U.S. auditing rules and standards in connection with the audits of four public companies.
Auditing December 19, 2025
PCAOB Fines Florida Audit Firm $35,000 Over Tardy Form AP Filings
West Palm Beach, FL-based accounting firm Beckles & Co. agreed to a censure and fine for repeatedly failing to make required disclosures about who worked on audits.
Auditing December 19, 2025
PCAOB Censures and Fines Texas Firm for Audit Failures
Sugar Land, TX-based accounting firm TPS Thayer was sanctioned on Dec. 4 for violations that include failing to supervise an unregistered China-based firm.
Technology December 7, 2025
Thomson Reuters Announces New Partnerships to Bring AI Automation to Audit Workflows
The new partnerships with Trullion, Audit Sight, Crunchafi, Fieldguide, Validis, and Valid8 Financial support automated, data-driven audits, Thomson Reuters says.
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Accounting December 4, 2025
Opportunities Exist for More Transparent Audit Committee Disclosures, CAQ Says
Most disclosure areas have stagnated or declined, providing audit committees with an opportunity to enhance transparency about their evolving oversight responsibilities, the Center for Audit Quality says in a new report.