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.
Auditing January 14, 2026
PCAOB Punishes Zwick CPA, Firm’s Owner, and a Manager for Audit Gone Awry
The PCAOB announced sanctions on Jan. 13 against Southfield, MI-based accounting firm Zwick CPA, the firm's owner Jack Zwick, and former audit manager Jeffrey Hoskow for an audit gone wrong.
PCAOB December 26, 2025
PCAOB Names William Ryan Acting Enforcement Director
Ryan, who is chief counsel of the PCAOB Enforcement Division, will assume the role following current PCAOB Enforcement Director Robert Rice’s retirement on Dec. 31, 2025.
Auditing December 19, 2025
CPA Barred, Audit Firm Fined by PCAOB for Quality Control Issues
Jennifer Crofoot, a former audit partner at Fruci & Associates II, was barred for three years and the firm was docked $50,000 for failing to follow U.S. auditing rules and standards in connection with the audits of four public companies.
Auditing December 19, 2025
PCAOB Fines Florida Audit Firm $35,000 Over Tardy Form AP Filings
West Palm Beach, FL-based accounting firm Beckles & Co. agreed to a censure and fine for repeatedly failing to make required disclosures about who worked on audits.
Auditing December 19, 2025
PCAOB Censures and Fines Texas Firm for Audit Failures
Sugar Land, TX-based accounting firm TPS Thayer was sanctioned on Dec. 4 for violations that include failing to supervise an unregistered China-based firm.
Auditing November 3, 2025
Audit Firms Aren’t Feeling the Heat From PCAOB, SEC Enforcers
Since Paul Atkins was sworn in as chair of the SEC in April and Erica Williams resigned as PCAOB chair in July, enforcement actions against audit firms have dropped considerably, according to a new report.
Auditing September 24, 2025
PCAOB Fines Marcum Asia $100,000 for Not Communicating Properly with Successor Audit Firm
New York City-based Marcum Asia CPAs LLP settled charges with the Public Company Accounting Oversight Board on Sept. 23 over charges that it broke U.S. audit rules on communicating with a successor auditor.
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.
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 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.