Auditing December 6, 2024
PCAOB Says Audit Firm Culture is Tied to Audit Quality
Taking a deep dive into internal firm culture, a new PCAOB staff report discusses several factors that can impact audit quality.
Auditing December 6, 2024
PCAOB Says Audit Firm Culture is Tied to Audit Quality
Taking a deep dive into internal firm culture, a new PCAOB staff report discusses several factors that can impact audit quality.
Auditing December 6, 2024
PCAOB Punishes New York Audit Firm, Three Partners for Deceiving Inspection Staff
The PCAOB doled out $465,000 in total fines, permanently revoked the registration of Raines & Fischer, and barred three of its partners.
Auditing December 6, 2024
PCAOB Revokes Israel-Based Audit Firm’s Registration, Bars Partner
The sanctions against Weinstein International CPA and Idan Weinstein are for violating rules on three issuer audits.
Auditing December 6, 2024
PCAOB Adopts New Audit Firm Reporting Standards
“Sound and consistent information strengthens investor confidence and can drive audit quality,” PCAOB Chair Erica Williams said.
Auditing November 13, 2024
PCAOB Debuts ‘Audit Focus’ Series for Auditors of Small Public Companies
"Audit Focus" intends to provide easy-to-digest information to auditors, with critical audit matters as the first topic in the series.
Accounting November 13, 2024
Wolters Kluwer and Internal Audit Foundation Uncover Potential of GenAI in Audit Activities
The report explores the use, implementation and governance of GenAI within organizations and internal audit functions.
Auditing November 11, 2024
PCAOB Gives Chinese Audit Firm the Boot Over Rules Violations
The PCAOB revoked the registration of JTC Fair Song for violations of auditing rules and for not cooperating with an investigation.
Auditing November 11, 2024
PCAOB Publishes Extra Guidance on Remediation Process
Audit firms are encouraged to review the supplement and other resources providing transparency around remediation.
PCAOB November 7, 2024
Here’s What’s On the Updated PCAOB Standard-Setting, Rulemaking Agendas
Year-end standard-setting projects include NOCLAR, audit firm and engagement metrics, and reporting in specified circumstances.
Auditing October 24, 2024
PCAOB Provides Three Resources For Auditors On the New Quality Control Rules
The resources include a practice aid, comparison document, and a webinar related to the implementation of QC 1000.
Auditing September 25, 2024
PCAOB Doles Out $165,000 in Total Fines to Five Audit Firms
Four firms were caught up in an enforcement sweep, while the fifth firm was sanctioned for failing to timely file PCAOB Form 3.
Auditing September 17, 2024
Prager Metis to Pay $1.95 Million to Settle SEC Charges Over FTX Audits, Other Violations
The firm also agreed to settle auditor independence charges, as well as for aiding and abetting clients' violations of securities laws.