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.
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.
PCAOB February 11, 2026
Logothetis ‘Deeply Honored’ to Be Chosen to Lead PCAOB
Demetrios “Jim” Logothetis, the new chairman of the Public Company Accounting Oversight Board, as well as two new board members, were officially sworn in during a ceremony on Feb. 10.
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.
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.
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.
Auditing November 3, 2025
Audit Firms Aren’t Feeling the Heat From PCAOB, SEC Enforcers
Since Paul Atkins was sworn in as chair of the SEC in April and Erica Williams resigned as PCAOB chair in July, enforcement actions against audit firms have dropped considerably, according to a new report.
Auditing September 30, 2025
PCAOB Underscores the Importance of Audit Research
The Public Company Accounting Oversight Board hosted a two-day conference last week that highlighted economic research in topics of significance to the audit regulator’s mission.
Auditing September 24, 2025
PCAOB Fines Marcum Asia $100,000 for Not Communicating Properly with Successor Audit Firm
New York City-based Marcum Asia CPAs LLP settled charges with the Public Company Accounting Oversight Board on Sept. 23 over charges that it broke U.S. audit rules on communicating with a successor auditor.
Auditing September 11, 2025
PCAOB Shines Light on Broker-Dealer Auditors in Latest Publication
The Public Company Accounting Oversight Board has released a new staff publication for auditors of broker-dealers containing advice on exemption report reviews.