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.
September 23, 2019
Does Audit Partner Discloure Rule Enhance Financial Reporting?
Has the much-debated regulation, PCAOB 3211, enhanced the quality of corporate financial reporting? As the dust of controversy begins to settle, some new research raises doubts.
August 12, 2019
How the Audit Market Penalizes Auditors for Doing Their Job
What earns auditors a good reputation? Common sense suggests that being of service to investors should go a long way toward that end. In the words of a study being presented at this week’s annual meeting of the American Accounting Association...
July 9, 2019
AICPA News June 2019
The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) are seeking public comment on proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards).
June 26, 2019
New Survey Finds SOX Compliance Lagging in Use of Data & Automation
Among companies that reported an increase in their SOX compliance hours, 59 percent reported the number of hours went up by more than 10 percent over the prior year.
May 8, 2019
AICPA’s Auditing Standards Board Issues Suite of Standards on Auditor Reporting
This suite of auditor reporting standards includes a new AU-C section 701, Communicating Key Audit Matters in the Independent Auditor’s Report, and replaces the following AU-C sections in AICPA Professional ...
May 6, 2019
CAQ and AAA Auditing Section Announce 2019 Awards for Access to Audit Personnel Program
The Center for Audit Quality (CAQ) and the Auditing Section of the American Accounting Association (AAA) have made four new awards under the Access to Audit Personnel Program. Now in its seventh year, the program connects academics with audit ...
April 19, 2019
How Charter Schools Can Survive Audit Season With the Right Tools and Processes
As the end of the academic calendar year approaches for charter schools, so too does audit season. If you’re a member of the finance or operations teams for a charter school, you already know what’s in store, and that gearing up for audit season is a ...
February 20, 2019
Marcum Performed Most IPO Audits in 2018 Outside of Big 4
A total of 255 IPOs took place in U.S. capital markets in 2018, of which 156 were audited by the Big Four. Marcum represented 25% of the remaining 99 transactions, or 1 in 4 of all IPOs where a non-Big Four auditor was selected to represent the company.
February 14, 2019
Marcum Leads Accounting Industry with Most Net New SEC Clients in 2018
Marcum LLP led the accounting industry with more net new SEC clients in 2018 than any other U.S. accounting firm, according to Audit Analytics. Marcum finished the year with a net gain of 31 SEC registrants, outperforming all Big 4 accounting firms, ...
February 13, 2019
Kathy King Joins AICPA as Senior Director Public Affairs, Advocacy & Media
In her new role with the AICPA, King will work with the advocacy team in the Washington, D.C. office promoting and defending the public and management accounting profession’s global public policy agenda.
January 7, 2019
Investors Still Want Sarbanes-Oxley
Since its enactment in 2002 in response to notorious financial scandals at Enron, WorldCom, and other corporate behemoths, the Sarbanes-Oxley Act, or SOX, has been a continuing target of criticism. And probably no provision of the law has provoked ...
November 20, 2018
Auditors Play Key Role in Deterrence and Detection of Fraud
The AICPA requires CPAs in an audit (attest engagement) to provide reasonable assurance in the audit opinion that completed financial statements are free of material misstatements which might be due to error or fraud.