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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
PwC Hit With $2.75 Million Fine By PCAOB For Running Afoul of Independence Rules

Auditing April 4, 2024 

PwC Hit With $2.75 Million Fine By PCAOB For Running Afoul of Independence Rules

The order also requires a review of PwC's independence-related quality-control policies and procedures, and extra training.

Jason Bramwell

KPMG U.S. CEO to Chair Center for Audit Quality’s Governing Board

Auditing April 2, 2024 

KPMG U.S. CEO to Chair Center for Audit Quality’s Governing Board

Paul Knopp was elected to the role on April 1, succeeding Tim Ryan, senior partner of PwC in the U.S., as CAQ Governing Board chair.

Jason Bramwell

U.S. Agency Calls for Audits of AI Systems to Hold Companies Accountable

Artificial Intelligence March 27, 2024 

U.S. Agency Calls for Audits of AI Systems to Hold Companies Accountable

The National Telecommunications and Information Administration said March 27 it wants improved transparency into AI systems.

Cast Your Vote for 2024 Readers’ Choice Awards!

Accounting March 26, 2024 

Cast Your Vote for 2024 Readers’ Choice Awards!

The CPA Practice Advisor Readers’ Choice Awards give readers the opportunity to spotlight the technologies they most rely on and trust to manage their firms.

Isaac M. O'Bannon

2024 GAAP Taxonomy Approved By SEC

Financial Reporting March 25, 2024 

2024 GAAP Taxonomy Approved By SEC

The SEC has accepted the taxonomies on GAAP financial reporting and SEC reporting, the FASB said on March 19.

Jason Bramwell

KPMG China’s Mishaps Result in Three Audit Partners Being Fined By the PCAOB

Auditing March 21, 2024 

KPMG China’s Mishaps Result in Three Audit Partners Being Fined By the PCAOB

The three KPMG Huazhen partners were docked a total of $150,000 for turning a blind eye to U.S. auditing standards.

Jason Bramwell

Deloitte Revamps Structure to Slash Costs in Tough Market

Firm Management March 18, 2024 

Deloitte Revamps Structure to Slash Costs in Tough Market

The move will see the Big Four firm reorganize its main business units down to four arms from five, the Financial Times reported.

Grant Thornton Is the Latest U.S. Firm to Get Into Bed With Private Equity

Firm Management March 15, 2024 

Grant Thornton Is the Latest U.S. Firm to Get Into Bed With Private Equity

The seventh-largest accounting firm in the U.S. said it will receive “a significant growth investment” from New Mountain Capital.

Jason Bramwell

riskmanagement1

Accounting March 14, 2024 

AuditBoard and KPMG Partner for Risk Management

Organizations will be able to leverage the combined power of AuditBoard’s award-winning connected risk platform and KPMG’s deep expertise to elevate audit, risk, IT security, and ESG programs...

ADM Seeks to Reassure Investors Amid Accounting Probe

Accounting March 13, 2024 

ADM Seeks to Reassure Investors Amid Accounting Probe

During an earnings call, the company's CEO said the internal problems have not torpedoed the overall financial picture.

 Survey Finds the Audit Profession is Growing

Auditing March 11, 2024 

Survey Finds the Audit Profession is Growing

After sharp cuts due to the COVID pandemic in 2020 and 2021, significantly more internal audit functions are now increasing their budgets (36%) than are decreasing them (13%).

Isaac M. O'Bannon

New SEC Climate Rule Gets a Thumbs Up From the AICPA

Financial Reporting March 6, 2024 

New SEC Climate Rule Gets a Thumbs Up From the AICPA

The rule “moves us closer to the high-quality reporting that investors, lenders, and other stakeholders require,” the AICPA and CIMA said.

Jason Bramwell

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