Audit Standards

The three KPMG Huazhen partners were docked a total of $150,000 for turning a blind eye to U.S. auditing standards.

A proposed rule would limit how audit firms tout their PCAOB registration in marketing to clients and potential clients.

Withum was fined $2 million, while Baker Tilly and Mazars were fined $80,000 and $60,000, respectively, for rules violations.

Edward Hackert is accused of improper conduct by repeatedly not following U.S. auditing standards over a 10-year period.

The top 100 firm and two current and two former partners were sanctioned for subpar auditing and quality control failures.

The new standard on confirmations is the first project the board saw through from start to finish with Williams as PCAOB chair.

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.

The proposal would hold auditors and others more accountable when they negligently cause their firm to violate auditing standards.