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Auditing

Here’s Who’s Serving on the PCAOB’s Inspections Modernization Council

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.

Featured Articles

July 9, 2026  

U.S. Judge Allows SEC-Musk Deal Despite ‘Significant Misgivings’

July 6, 2026  

AuditFile Launches E-Signatures, the Newest Addition to Its Agentic Audit Suite

July 1, 2026  

For Crucial Federal Agencies, the Veneer of Independence is Stripped Away

June 30, 2026  

Clients Who Wait for a Financial Audit Notice Pay Far More Than the Engagement Fee

June 29, 2026  

Stacey Schabel Named Global Board Chair of the Institute of Internal Auditors
SEC Upped the Ante on Enforcement for Accounting and Auditing in FY 2023

SEC February 28, 2024 

SEC Upped the Ante on Enforcement for Accounting and Auditing in FY 2023

The SEC disclosed 83 accounting and auditing enforcement actions in FY 2023, up 22% from the previous fiscal year.

Jason Bramwell

PCAOB Registration Isn’t a Seal of Approval, Regulator Tells Audit Firms

Auditing February 28, 2024 

PCAOB Registration Isn’t a Seal of Approval, Regulator Tells Audit Firms

A proposed rule would limit how audit firms tout their PCAOB registration in marketing to clients and potential clients.

Jason Bramwell

Some Top Midtier Audit Firms Felt the Wrath of the PCAOB This Week

Auditing February 23, 2024 

Some Top Midtier Audit Firms Felt the Wrath of the PCAOB This Week

Withum was fined $2 million, while Baker Tilly and Mazars were fined $80,000 and $60,000, respectively, for rules violations.

Jason Bramwell

 The Pivotal Role of Audit Professionals in AI Integration

Accounting February 23, 2024 

The Pivotal Role of Audit Professionals in AI Integration

Amid technological advancements, the audit professional's role, characterized by a deep attention to detail, compliance and risk management, is proving to be vital well outside the traditional confines of finance.

forensic-accounting1

Auditing February 22, 2024 

Valid8 Financial Launches “Stories” to Accelerate Financial Fraud Investigations

The company’s Verified Financial Intelligence platform provides forensic accounting, legal and government professionals with courtroom-ready evidence for a variety of complex financial investigations and disputes.

Isaac M. O'Bannon

COSO Appoints First Executive Director

Accounting Standards February 18, 2024 

COSO Appoints First Executive Director

COSO has provided thought leadership and guidance for organizations in areas of internal control, enterprise risk management, fraud deterrence, and governance.

Isaac M. O'Bannon

EY Borrowed About $700 Million More on Failed Spinoff Costs

Firm Management February 12, 2024 

EY Borrowed About $700 Million More on Failed Spinoff Costs

A plan to split the Big Four firm's audit and consulting arms collapsed last April after partners squabbled over several key issues.

Armanino Unveils SOC 2 Examination Tool

Technology January 31, 2024 

Armanino Unveils SOC 2 Examination Tool

Audit Ally was designed to integrate into any SOC 2 engagement and improve automation and reporting capabilities.

Jason Bramwell

SEC Sues Marcum Assurance Partner Over Numerous Audit Violations

Auditing January 30, 2024 

SEC Sues Marcum Assurance Partner Over Numerous Audit Violations

Edward Hackert is accused of improper conduct by repeatedly not following U.S. auditing standards over a 10-year period.

Jason Bramwell

PCAOB Doles Out $590,000 in Fines to Haynie & Co., Four Partners

Auditing January 29, 2024 

PCAOB Doles Out $590,000 in Fines to Haynie & Co., Four Partners

The top 100 firm and two current and two former partners were sanctioned for subpar auditing and quality control failures.

Jason Bramwell

ADM Stock Plunges After Placing CFO on Leave During Accounting Probe

Accounting January 22, 2024 

ADM Stock Plunges After Placing CFO on Leave During Accounting Probe

Vikram Luthar, who had been its CFO since 2022, was put on administrative leave and Ismael Roig will step in on an interim basis.

Which Firm Had the Most IPO Audit Clients in Q4 2023?

Auditing January 22, 2024 

Which Firm Had the Most IPO Audit Clients in Q4 2023?

A top midtier accounting firm ended 2023 by having the most new initial public offering audit clients in the fourth quarter with six.

Jason Bramwell

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