PCAOB August 26, 2025
PCAOB Establishes Smaller Firm Resource Group
The expert panel will advise Public Company Accounting Oversight Board staff on the unique needs and experiences of smaller audit firms.
PCAOB August 25, 2025
PCAOB Seeks Nominations for Two Advisory Groups
The Public Company Accounting Oversight Board is requesting nominations for members of its Investor Advisory Group and Standards and Emerging Issues Advisory Group to fill upcoming vacancies.
Auditing July 23, 2025
PCAOB Revokes Hong Kong Accounting Firm’s Registration, Bars Managing Partner
Centurion ZD CPA & Co. and its owner Chan Kam Fuk were sanctioned for violating U.S. auditing and quality control rules and standards related to audits of companies based in China, including Chinese coffee chain Luckin Coffee Inc.
PCAOB July 22, 2025
George Botic Takes Over as Acting Chief of the PCAOB
The SEC has named George Botic acting chair of the Public Company Accounting Oversight Board, effective July 23, following last week's resignation of Erica Williams, whose last day as PCAOB chair is Tuesday.
Technology July 16, 2025
Deloitte Expands GenAI, Agentic AI Capabilities for Its Auditors
Deloitte has rolled out a series of new artificial intelligence capabilities within its global cloud-based audit and assurance platform, Omnia, designed to evolve the audit process.
PCAOB July 15, 2025
Erica Williams Resigns as PCAOB Chair
Williams will step down as chair of the Public Company Accounting Oversight Board on July 22 after she reportedly was asked to resign by SEC Chairman Paul Atkins.
Auditing July 15, 2025
Three Accounting Firms Got in Trouble for Breaking PCAOB Rules
The three firms censured and fined by the PCAOB on July 11 for violating U.S. auditing rules and standards were Goldman & Co. CPAs ($25,000), Raymond Chabot Grant Thornton in Canada ($30,000), and PWR CPA ($60,000).
Auditing July 10, 2025
PCAOB Fines Illinois Firm $50,000 Over Failures in 17 Broker-Dealer Audits
Michael Coglianese, CPA PC was censured and fined $50,000 July 10 for violating U.S. auditing rules and standards in connection with 17 audit and attestation engagements for SEC-registered brokers and dealers.
Auditing July 7, 2025
PCAOB Shares Good Practices for Auditors on Engagement Acceptance
This edition of "Audit Focus" highlights key reminders for auditors of small public companies or brokers and dealers on engagement acceptance and why it's a critical part of the audit process.
Auditing June 25, 2025
PCAOB Permanently Bars Repeat Rule-Breaker
Michael Studer, CPA, was permanently barred on June 24 and his firm, Michael T. Studer CPA PC, had its PCAOB registration revoked after the accountant was found to be a repeat violator of U.S. auditing rules and standards.
Auditing June 25, 2025
PCAOB Doles Out $8.5M in Total Fines to Most of the Big Four’s Dutch Affiliates for Exam Cheating
The Netherlands-based affiliates of Deloitte, PwC, and EY were found to have violated U.S. auditing rules and quality control standards related to internal exam cheating and inefficient monitoring of their quality control systems.
PCAOB June 23, 2025
PCAOB Gets New Life—For Now—Thanks to the Senate’s Nonpartisan Referee
Republican lawmakers' plan to fold the PCAOB into the SEC hit a snag last Thursday when it was determined in the Senate that the provision in the GOP tax-and-spending bill violates the "Byrd Rule."