PCAOB July 9, 2026
Here’s Who’s Serving on the PCAOB’s Inspections Modernization Council
The Public Company Accounting Oversight Board on Thursday revealed the names of the 12 people who will serve on its new Inspections Modernization Council.
Accounting June 9, 2024
AI, Automation and Outsourced Staffing Options on Display on AICPA Engage Trade Show Floor
CPA Practice Advisor visited with many companies at AICPA Engage to discuss solutions that can help practices be more productive, efficient and profitable.
Auditing June 6, 2024
AICPA Updates Practice Aid for Auditing Digital Assets
Guidance was added on auditing the valuation of digital assets and audit procedures regarding their existence, rights, and obligations.
Mergers and Acquisitions May 24, 2024
Hg Buys AuditBoard in $3 Billion Deal
The private equity firm said it will help AuditBoard expand its cloud-based risk management platform, as well as its global reach.
Auditing May 22, 2024
CAQ Asks PCAOB to Extend Comment Period on a Pair of Proposed Standards
The Center for Audit Quality asked for an extra 60 days to review and provide feedback on two proposals with a June 7 comment due date.
Auditing May 21, 2024
PCAOB Slaps Audit Firm MaloneBailey With $400,000 Fine
The top 200 accounting firm was sanctioned on May 21 for what the PCAOB calls “pervasive quality control violations.”
Accounting Standards May 16, 2024
AICPA Auditing Standards Board Approves Revisions to Attestation Standards
The changes are intended to align them with the AICPA standards pertaining to quality management, and related financial statement audit and non-audit standards.
Auditing May 15, 2024
KPMG Leads in IPO Audit Clients for Q1 of 2024
The Big Four firm audited eight of the 46 IPOs, tops among the 20 different firms with at least one IPO audit client in the first quarter.
Auditing May 14, 2024
PCAOB Replaces Old Quality Control Rules With a New Standard
The new quality control standard will require audit firms to annually evaluate their QC systems and report the results to the PCAOB.
Auditing May 14, 2024
New PCAOB Rules Would Push Auditors to Assemble Final Documentation More Quickly
As part of a new standard adopted May 13, the time period to assemble a final set of audit documentation would be cut from 45 to 14 days.
Auditing May 8, 2024
AuditBoard Adds InfoSec Solution Enhancements for Cyber Risks
New capabilities include enhanced AI automation, customizable automated workflows, and real-time analytics.
Accounting May 9, 2024
Webcast May 9: Lease Accounting’s Role in Executing Financial Strategy
With changes in lease accounting and emissions standards, organizations need to look beyond compliance to automating, optimizing and consolidating strategic financial systems.
Auditing April 30, 2024
8 Characteristics of a Well-Designed Root Cause Analysis Process, According to the PCAOB
In a staff report, the PCAOB discusses the importance of the root cause analysis process in firms' efforts to improve audit quality.