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.
SEC June 16, 2025
SEC Picks Ex-Big Four Partner Kurt Hohl to be Chief Accountant
Kurt Hohl, a former partner at Big Four accounting firm Ernst & Young and an SEC alum, is returning to the markets regulator as its chief accountant, effective July 7.
SEC May 19, 2025
Man Who Hacked SEC, Caused Bitcoin Value to Plummet Sentenced to 14 Months in Prison
Eric Council Jr., a 26-year-old resident of Huntsville, AL, pleaded guilty earlier this year to conspiracy to commit aggravated identity theft and access device fraud.
PCAOB April 30, 2025
PCAOB Chair ‘Deeply Troubled’ By GOP’s Plans to Shutter U.S. Audit Regulator
Draft legislation being considered by the House Financial Services Committee proposes to eliminate the Public Company Accounting Oversight Board and fold its responsibilities into the Securities and Exchange Commission.
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.
SEC April 10, 2025
Wall Street Consultant Paul Atkins Confirmed to Head SEC
The U.S. Senate confirmed Paul Atkins as chair of the U.S. Securities and Exchange Commission, ushering him into the role only a week after President Donald Trump’s sweeping tariffs unleashed market turmoil.
SEC March 28, 2025
GOP Embraces Atkins for SEC Chair, While Dems Doubt His Judgment
Senate Banking Republicans are looking forward to Paul Atkins changing how the SEC works, while Democrats question his record.
Accounting March 19, 2025
SEC OKs 2025 FASB Taxonomies
The SEC approved the 2025 GAAP Financial Reporting Taxonomy and two others, while the FASB finalized two additional taxonomies.
SEC January 22, 2025
Trump Taps Mark Uyeda as Acting SEC Chief
The Republican, who has served as an SEC commissioner since 2022, will hold down the fort while Trump's pick to succeed Gary Gensler as chair of the SEC, Paul Atkins, works his way through the Senate confirmation process.
SEC January 13, 2025
WWE Founder Vince McMahon Settles SEC Charges of Undisclosed Payments
McMahon did not admit to or deny the SEC's findings, but he agreed to pay a $400,000 civil penalty and reimburse WWE for about $1.33 million, according to SEC officials.
Auditing January 3, 2025
SEC Approves New PCAOB Procedure That Revokes Delinquent Firms’ Registrations
Under the new rules, the PCAOB can address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered, as demonstrated by its failures to file annual reports via PCAOB Form 2 and pay annual fees for at least two consecutive reporting years.
Auditing December 26, 2024
AIPCA to SEC: Reject the PCAOB’s Audit Firm Metrics Rules
In a Dec. 19 comment letter to the SEC, the AICPA says the new requirements adopted by the PCAOB last month would particularly burden small and midsized firms, as well as unintentionally hurt capital markets and the investing public.
SEC December 23, 2024
Entergy Hit With $12 Million SEC Penalty for Violating Accounting Rules
The SEC alleged that Entergy had inaccurate controls when recording materials and supplies, despite employees and management consultants flagging the issue.