Financial Reporting November 9, 2026
Three Avoidable IPO Filing Mistakes That Can Derail a Public Offering
For CFOs, controllers and accounting professionals, addressing these seemingly routine issues should be an essential part of IPO readiness.
Auditing April 29, 2025
PCAOB Adds New Datasets for Audit Firm Inspection Reports
The new downloadable datasets, which contain public inspection information from reports on audit firms going back to 2018, are machine-readable and can be used to analyze PCAOB inspection findings.
Auditing April 28, 2025
AICPA Comments on Proposed Defunding of PCAOB
The House Financial Services Committee has released draft language to defund the PCAOB and transfer its activities to the Securities and Exchange Commission.
Auditing April 23, 2025
PCAOB Punishes NYC-Based CPA Firm and Managing Partner For ‘Substandard Audit Work,’ QC Violations
Accounting firm Adeptus Partners was fined $75,000 and managing partner Howard Krant was sanctioned $50,000 on April 22 for breaking the rules during the audits of two technology companies.
Auditing April 22, 2025
PCAOB Adds New Resources on Quality Control Standard
The new set of staff presentation videos are designed to help audit firms implement four components of their quality control system under QC 1000, A Firm’s System of Quality Control.
Auditing March 25, 2025
PCAOB Nails New York CPA Firm for Multiple Audit Failures
James Pai CPA PLLC and its sole owner and partner Yu-Ching James Pai were fined a total of $40,000 for violating multiple PCAOB rules and standards in connection with the 2021 and 2022 audits of SUIC Worldwide Holdings.
Auditing March 24, 2025
PCAOB Posts Educational Videos to Help Auditors Implement New Quality Control Standard
The Public Company Accounting Oversight Board has released a series of three staff presentation videos focused on implementing the monitoring and remediation process under QC 1000, A Firm’s System of Quality Control.
Auditing March 19, 2025
PCAOB Appoints New Members to Advisory Groups
The Public Company Accounting Oversight Board on March 18 appointed new members to two of its advisory groups: the Investor Advisory Group and the Standards and Emerging Issues Advisory Group.
Auditing March 13, 2025
PCAOB Releases New Resource for Auditors on Form AP
The Public Company Accounting Oversight Board posted the newest edition of its "Audit Focus" series, this time putting the spotlight on Form AP, which registered accounting firms are required to file to disclose key information specific to the audit.
Auditing March 12, 2025
Ex-BF Borgers Partner’s Bad Auditing Judgment Results in $15,000 Fine From the PCAOB
Jaslyn Sellers was found by the PCAOB to have committed "significant audit failures" in her role as engagement partner in consecutive audits of NetSol Technologies Inc. for the fiscal years ended June 30, 2021, and June 30, 2022.
Financial Reporting March 10, 2025
Nasdaq Suffers Worst Day Since 2022
Anxiety that tariffs and government firings will torpedo growth in the world’s largest economy extended a three-week stretch of volatility across global markets.
Auditing February 27, 2025
PCAOB Quizzes Auditors on New Confirmation Standard
This latest knowledge check, or informal quiz, highlights various aspects of the new confirmation standard, which was approved by the PCAOB in September 2023.
Auditing February 27, 2025
Being Uncooperative During an Inspection Lands Audit Firm Partner in Hot Water With the PCAOB
Natalie Murphy, a now former audit partner at Heaton & Co., was censured and fined $50,000 by the Public Company Accounting Standards Board for violating U.S. auditing rules and standards, including failing to cooperate with an inspection.