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 May 14, 2024
PCAOB Replaces Old Quality Control Rules With a New Standard
The new quality control standard will require audit firms to annually evaluate their QC systems and report the results to the PCAOB.
Auditing May 14, 2024
New PCAOB Rules Would Push Auditors to Assemble Final Documentation More Quickly
As part of a new standard adopted May 13, the time period to assemble a final set of audit documentation would be cut from 45 to 14 days.
Auditing April 10, 2024
PCAOB Proposal Would Require Audit Firms to Disclose a Variety of Metrics
The proposal would direct firms to provide more information, like involvement of partners and auditor turnover, to investors.
Auditing March 21, 2024
KPMG China’s Mishaps Result in Three Audit Partners Being Fined By the PCAOB
The three KPMG Huazhen partners were docked a total of $150,000 for turning a blind eye to U.S. auditing standards.
Auditing February 28, 2024
PCAOB Registration Isn’t a Seal of Approval, Regulator Tells Audit Firms
A proposed rule would limit how audit firms tout their PCAOB registration in marketing to clients and potential clients.
Auditing February 23, 2024
Some Top Midtier Audit Firms Felt the Wrath of the PCAOB This Week
Withum was fined $2 million, while Baker Tilly and Mazars were fined $80,000 and $60,000, respectively, for rules violations.
Auditing January 30, 2024
SEC Sues Marcum Assurance Partner Over Numerous Audit Violations
Edward Hackert is accused of improper conduct by repeatedly not following U.S. auditing standards over a 10-year period.
Auditing January 29, 2024
PCAOB Doles Out $590,000 in Fines to Haynie & Co., Four Partners
The top 100 firm and two current and two former partners were sanctioned for subpar auditing and quality control failures.
Auditing October 4, 2023
PCAOB Reaches Rule-Making Milestone Under Erica Williams’ Administration
The new standard on confirmations is the first project the board saw through from start to finish with Williams as PCAOB chair.
Auditing September 26, 2023
BDO USA, Two Audit Partners Tagged with Fines for Breaking PCAOB Rules
BDO USA was fined $2 million and two of the firm’s partners were fined a total of $60,000 for failures in the 2017 audit of AAC Holdings.
Auditing September 19, 2023
PCAOB Looks to Amend Rule on Auditors’ Liability for Audit Firm Violations
The proposal would hold auditors and others more accountable when they negligently cause their firm to violate auditing standards.
Accounting August 4, 2023
The Accounting Technology Lab Podcast – Audit Technology and Data – August 2023
Technologists Randy Johnston and Brian Tankersley, CPA, talk with Jeff Gramlich of Validis about changes in audit technology and the role of data.