Auditing October 24, 2022
Ex-PwC Auditor in SEC’s Crosshairs as Mattel Will Pay $3.5 Million Over Accounting Errors
Joshua Abrahams is accused of breaking auditor independence rules in PwC’s audit of the toy-making giant.
Accounting October 24, 2022
Spooked by Staffing Shortages? Five Tricks to Retain Your Audit Professionals
Here are a few perennial problems and some suggestions on ways progressive firms can better manage their people and the process of auditing itself.
Auditing October 18, 2022
SKP Audit Partner Gets Largest Ever Individual Fine From the PCAOB
Jonathan Taylor was fined $150,000 and permanently barred for misleading PCAOB inspectors and investigators.
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Auditing October 12, 2022
PCAOB Adds 3 New Projects to Standard-Setting and Research Agendas
Modernizing auditing standards is one of four goals identified in the board’s draft five-year strategic plan.
Auditing October 5, 2022
PCAOB Fines Four Accounting Firms for Failing to File Form APs
Form AP requires firms to disclose the name of the lead engagement partner on an audit.
Auditing October 3, 2022
SEC Punishes RSM US for Shoddy Auditing of an LED Lighting Company
The SEC also charged two partners, as well as a senior audit manager, for their roles in the improper audits.
Accounting September 26, 2022
PCAOB Asks For Comments on Interim Attest Standards
The deadline to submit comments to the PCAOB is Oct. 26, 2022.
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.