Auditing September 7, 2022
SEC Tells Auditors to Vet New Chinese Clients That Trade in U.S.
The warning on Tuesday follows several businesses switching to U.S. auditors amid delisting threat.
Accounting August 26, 2022
U.S., China Reach Preliminary Audit Review Deal to Avoid Delistings
SEC Chair Gary Gensler called the arrangement signed this morning “unprecedented.”
Accounting August 23, 2022
Former BDO USA Employee Charged in Shooting Deaths of Ex-Supervisor, Property Manager in Atlanta
Raissa Kengne, 34, was charged with two counts of murder and four counts of aggravated assault, among other charges.
Accounting August 18, 2022
SEC OKs PCAOB’s Amendments to Standard on the Use of Outside Auditors
The rules increase the lead auditor’s involvement in and evaluation of the work of other auditors on an audit.
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Accounting August 17, 2022
PCAOB Asks the Public to Weigh in on Five-Year Strategic Plan
The document, released on Aug. 16, explains four goals the PCAOB has set to accomplish from 2022 to 2026.
Accounting August 17, 2022
AuditClub Breaks the Mold with Auditors-as-a-Service for CPA Firms
AuditClub and its team of chief auditors bring extensive credentials to offer strategic insights and deliver solutions in key areas that matter to accounting firms.
Accounting July 28, 2022
PCAOB ‘Up to the Task’ of Updating Standards, Tougher Enforcement
SEC Chair Gary Gensler called out the PCAOB yesterday for being too slow to modernize old auditing standards.
Accounting July 27, 2022
Twenty Years After SOX Was Signed Into Law, SEC Chief Says ‘Who Audits the Auditors’ Still Matters
Gary Gensler said updating outdated auditing standards and strengthening auditor independence rules are still works in progress.
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Accounting July 5, 2022
PCAOB Previews Inspection Priorities For 2022
Each year the PCAOB gives audit firms, investors, and public companies a heads up on what areas of the audit inspectors will be placing a greater emphasis on during its upcoming inspection cycle, in the hopes of improving audit quality.
Accounting June 28, 2022
EY Nailed With Record $100 Million Fine From the SEC For Ethics Exam Cheating
EY will have to pay a $100 million fine after it was revealed today that hundreds of the Big Four firm’s auditors had cheated on mandatory ethics exams ...
June 22, 2022
PCAOB OKs Changes in the Oversight of Audits Involving Outside Auditors
The Public Company Accounting Oversight Board (PCAOB) voted unanimously to amend current auditing rules and introduced a new standard on June 21 pertaining to an audit firm’s use of so-called “other auditors” who lend a hand during the course of an audit.
June 22, 2022
PCAOB OKs Changes in the Oversight of Audits Involving Outside Auditors
The Public Company Accounting Oversight Board (PCAOB) voted unanimously to amend current auditing rules and introduced a new standard on June 21 pertaining to an audit firm’s use of so-called “other auditors” who lend a hand during the course of an audit.