Accounting June 27, 2023
PCAOB Looks to Add Rules for Auditors on Technology-Assisted Analysis
The proposal would update parts of existing PCAOB standards relating to audit evidence and auditors' responses to risk.
Accounting June 26, 2023
KPMG to Lay Off 5% of U.S. Workforce in Second Round of Job Cuts
Unlike in February when the firm let go of 2% of its workforce, mostly in advisory, these job cuts will impact tax and audit.
Accounting June 21, 2023
Marcum Fined $10M by SEC and $3M by PCAOB for Shoddy Quality Controls in SPAC Audits
The top 20 firm also must make functional changes to its supervisory structure related to its system of quality control.
Accounting June 20, 2023
EY Tops Rival Audit Firms in Public Company Clients
The Big Four firm audited 1,004 of the 6,950 public companies registered with the SEC in 2023, the most of any audit firm.
Auditing June 7, 2023
PCAOB Turns Up the Heat on Auditors to Find Fraud
The PCAOB wants auditors to get tougher detecting noncompliance with laws and regulations, including fraud, in public company audits.
Accounting May 25, 2023
AuditClub Announces New Quality Management Subscription
AuditClub Compass is a customized three-phase subscription journey built on a risk-based and scalable approach to quality.
Auditing May 22, 2023
PCAOB Has a Batch of New Projects in the Works
The audit regulator revised its standard-setting agenda to include four new projects—two considered short-term and two mid-term.
Accounting May 22, 2023
Audit Partners Pessimistic on U.S. Economic Outlook
The survey found that organizations are prioritizing cost management and financial performance over other areas like talent and labor.
Accounting May 15, 2023
SEC Ramped Up Enforcement for Accounting and Auditing in FY 2022
The SEC disclosed 68 accounting and auditing enforcement actions in FY 2022, up 55% from the previous fiscal year.
Accounting May 8, 2023
The IIA Shares New Legislative Proposal with Congress to Strengthen Corporate Governance of Cryptocurrency
The proposed legislation comes on the heels of an IIA letter calling on Congress to strengthen corporate governance of cryptocurrency exchanges following the collapse of FTX.
Auditing May 2, 2023
Independence Gets Its Own Spot in PCAOB Audit Inspection Reports
A brand-new section debuted today in PCAOB inspection reports of audit firms, and it is devoted to auditor independence.
Auditing April 26, 2023
PCAOB Says Firms Are Screwing Up SPAC Audits
Over the last couple of years, PCAOB inspectors have observed high rates of deficiencies on SPAC audits.