Accounting September 3, 2025
What Lease Accounting Teams Should Know About Critical Audit Matters
Because auditors are documenting CAMs related to lease accounting, lease accounting teams should understand what makes them so important.
Accounting September 3, 2025
AICPA Adds New Chapter to Practice Aid on Auditing Crypto Lending, Borrowing
The AICPA has updated its digital assets practice aid by providing practical guidance to practitioners on auditing crypto lending and borrowing transactions.
Auditing August 28, 2025
PCAOB Postpones Effective Date of New Quality Control Standard by One Year
The Public Company Accounting Oversight Board said the effective date for its new quality control standard—QC 1000, A Firm's System of Quality Control—which was slated for Dec. 15 of this year, will be pushed back until Dec. 15, 2026.
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.
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.
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 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.
Accounting July 7, 2025
AICPA Seeks Comment on Proposed Update to Auditors’ Responsibilities Related to Fraud
The proposed Statement on Auditing Standards contains a number of changes, including the establishment of required procedures for when an auditor has identified fraud or suspected fraud.
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.
Accounting June 17, 2025
Accountant Shortage Risks New Mexico’s Financial Oversight, State Auditor Says
A decades-long shortage of accountants is coming to a head in New Mexico, presenting an ultimatum for leaders: modernize the field or face disruptive financial consequences.
Auditing May 21, 2025
PCAOB’s Latest ‘Audit Focus’ Explores Challenges of Auditing Accounting Estimates
Auditing accounting estimates is the topic of the latest edition of "Audit Focus," a series of PCAOB publications that aims to provide easy-to-digest information to auditors.
Auditing May 21, 2025
ISACA Launches Advanced AI Audit Certification
The new credential is designed to meet the needs of IT auditors who are facing an evolving tech and compliance landscape with artificial intelligence at the forefront, the ISACA says.