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 November 11, 2024
PCAOB Gives Chinese Audit Firm the Boot Over Rules Violations
The PCAOB revoked the registration of JTC Fair Song for violations of auditing rules and for not cooperating with an investigation.
Auditing November 11, 2024
PCAOB Publishes Extra Guidance on Remediation Process
Audit firms are encouraged to review the supplement and other resources providing transparency around remediation.
PCAOB November 7, 2024
Here’s What’s On the Updated PCAOB Standard-Setting, Rulemaking Agendas
Year-end standard-setting projects include NOCLAR, audit firm and engagement metrics, and reporting in specified circumstances.
PCAOB October 25, 2024
PCAOB Chair Sworn in For Second Term
Erica Williams' new five-year term as chair of the PCAOB officially began on Oct. 25 and lasts through Oct. 24, 2029.
Auditing October 24, 2024
PCAOB Provides Three Resources For Auditors On the New Quality Control Rules
The resources include a practice aid, comparison document, and a webinar related to the implementation of QC 1000.
Auditing September 25, 2024
PCAOB Doles Out $165,000 in Total Fines to Five Audit Firms
Four firms were caught up in an enforcement sweep, while the fifth firm was sanctioned for failing to timely file PCAOB Form 3.
Auditing September 17, 2024
PCAOB: 5 Good Practices For Auditor Independence
Instances of auditor independence noncompliance at firms "increased significantly" during the PCAOB's 2023 audit inspection cycle.
Auditing September 10, 2024
SEC Green-Lights New PCAOB Quality Control Standard
Nearly three weeks after approving a batch of new PCAOB standards, the SEC Sept. 9 OK'd another new rule, this time on quality control.
Auditing July 23, 2024
How Auditors Are Currently Using Generative AI
The integration of GenAI in audits and financial reporting is in its early stages but rapidly evolving, the PCAOB said in a new report.
Auditing June 25, 2024
Canadian Audit Firm Fined $60,000 By the PCAOB for Quality Control Failures
Vancouver-based De Visser Gray was sanctioned for failing to comply with U.S. quality control standards from April 2019 to January 2024.
Auditing June 25, 2024
PCAOB Busts Two Audit Firms for Not Complying With Reporting Rules
KKM CPA Associates in New York and the BDO affiliate firm in the United Arab Emirates were fined $25,000 and $20,000, respectively.
Auditing June 17, 2024
PCAOB Adopts New Rules for Auditors on Technology-Aided Analysis
The revised rules provide detail and clarity for auditors when performing procedures using technology-assisted analysis.