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 September 17, 2024
PCAOB: 5 Good Practices For Auditor Independence
Instances of auditor independence noncompliance at firms "increased significantly" during the PCAOB's 2023 audit inspection cycle.
Auditing September 10, 2024
SEC Green-Lights New PCAOB Quality Control Standard
Nearly three weeks after approving a batch of new PCAOB standards, the SEC Sept. 9 OK'd another new rule, this time on quality control.
Accounting July 11, 2024
Workiva Adds New Global Internal Audit Standards to Audit Management Platform
Released by the Institute of Internal Auditors (The IIA), the Global Internal Audit Standards are designed to equip internal audit professionals to respond to emerging business challenges and engage with board members and executives as strategic partners for their organizations.
Auditing June 25, 2024
Canadian Audit Firm Fined $60,000 By the PCAOB for Quality Control Failures
Vancouver-based De Visser Gray was sanctioned for failing to comply with U.S. quality control standards from April 2019 to January 2024.
Auditing June 25, 2024
PCAOB Busts Two Audit Firms for Not Complying With Reporting Rules
KKM CPA Associates in New York and the BDO affiliate firm in the United Arab Emirates were fined $25,000 and $20,000, respectively.
Auditing June 17, 2024
PCAOB Adopts New Rules for Auditors on Technology-Aided Analysis
The revised rules provide detail and clarity for auditors when performing procedures using technology-assisted analysis.
Auditing June 13, 2024
PCAOB Looks to Clarify Auditing Rules on Substantive Analytical Procedures
The proposal issued by the board June 12 would replace an interim standard that hasn't changed significantly since 1989.
Auditing June 13, 2024
PCAOB OKs Tougher Rules on Auditor Negligence
Individuals face possible sanctions when they negligently, directly, and substantially cause their firm to break PCAOB rules.
Auditing June 10, 2024
PCAOB Fines Florida-Based Firm L&L CPAs $75,000 for Auditing Blunders
The firm and three people were sanctioned for violations related to quality control, auditing failures, and missing Form AP deadlines.
Auditing May 22, 2024
CAQ Asks PCAOB to Extend Comment Period on a Pair of Proposed Standards
The Center for Audit Quality asked for an extra 60 days to review and provide feedback on two proposals with a June 7 comment due date.
Auditing May 21, 2024
PCAOB Slaps Audit Firm MaloneBailey With $400,000 Fine
The top 200 accounting firm was sanctioned on May 21 for what the PCAOB calls “pervasive quality control violations.”
Accounting Standards May 16, 2024
AICPA Auditing Standards Board Approves Revisions to Attestation Standards
The changes are intended to align them with the AICPA standards pertaining to quality management, and related financial statement audit and non-audit standards.