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 December 18, 2024
SEC OKs PCAOB Budget for 2025
The 2025 PCAOB budget totals $399.7 million, and the accounting support fee totals $374.9 million, of which $346.1 million will be assessed on public company issuers and $28.8 million will be assessed on registered broker-dealers.
Accounting December 17, 2024
FASB Taxonomies for 2025 Are Now Available
The Financial Accounting Standards Board released the 2025 GAAP Financial Reporting Taxonomy, which contains updates for accounting standards, and four other taxonomies on Dec. 16.
SEC December 5, 2024
Trump Picks Paul Atkins to Lead SEC
Atkins, a former SEC commissioner, would succeed Gary Gensler, who said he will step down when Trump is inaugurated Jan. 20.
SEC December 2, 2024
Trump Team Eyes Ex-SEC Commissioner to Succeed Gary Gensler as Chair
Paul Atkins, who is a strong proponent of digital assets and fintech companies, is a leading contender to head the SEC.
SEC November 25, 2024
SEC Fines UPS $45 Million Over Improperly Valued Freight Business
UPS failed to follow generally accepted accounting principles in valuing “one of its worst performing businesses," the SEC said.
SEC November 5, 2024
Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses
The furniture retailer settled an SEC lawsuit last week alleging that two former executives committed accounting fraud.
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.
SEC October 22, 2024
SEC to Increase Scrutiny of AI Tools Used by Brokers, Investment Advisers
Although the SEC put AI risks on its examination watch list last year, it went into further detail in its latest Division of Examinations report.
Auditing September 17, 2024
Prager Metis to Pay $1.95 Million to Settle SEC Charges Over FTX Audits, Other Violations
The firm also agreed to settle auditor independence charges, as well as for aiding and abetting clients' violations of securities laws.
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.
SEC July 29, 2024
Trump Pledges to Fire SEC Chief Gensler and Hire People Who Love Crypto
The crowd at a bitcoin conference in Nashville cheered loudly July 27 as Trump said her would fire Gary Gensler, whose term is up in 2026.
SEC July 19, 2024
Intelligize Adds AI Solution for SEC Filing Analysis
Intelligize+ AI adds generative AI-driven capabilities and new search technologies to its SEC compliance analytics and research platform.