PCAOB February 2, 2026
Demetrios "Jim" Logothetis, a 40-year veteran of Ernst & Young who retired as an audit partner from the Big Four firm in 2019, was picked as the new PCAOB chair by the SEC, which also appointed three new board members Jan. 30.
December 26, 2025
December 19, 2025
December 19, 2025
December 19, 2025
Auditing March 12, 2025
Jaslyn Sellers was found by the PCAOB to have committed "significant audit failures" in her role as engagement partner in consecutive audits of NetSol Technologies Inc. for the fiscal years ended June 30, 2021, and June 30, 2022.
Financial Reporting March 10, 2025
Anxiety that tariffs and government firings will torpedo growth in the world’s largest economy extended a three-week stretch of volatility across global markets.
Auditing February 27, 2025
This latest knowledge check, or informal quiz, highlights various aspects of the new confirmation standard, which was approved by the PCAOB in September 2023.
Auditing February 27, 2025
Natalie Murphy, a now former audit partner at Heaton & Co., was censured and fined $50,000 by the Public Company Accounting Standards Board for violating U.S. auditing rules and standards, including failing to cooperate with an inspection.
Auditing February 26, 2025
Total monetary penalties levied by the Public Company Accounting Oversight Board set a new record for the third consecutive year in 2024 as the number of enforcement actions reached levels not seen since 2017, according to a new report released on Feb. 26 by Cornerstone Research.
Auditing February 13, 2025
The Public Company Accounting Oversight Board has posted a new series of knowledge checks designed to help auditors gauge their understanding of important aspects of the regulator's new quality control standard, QC 1000, A Firm’s System of Quality Control.
Auditing February 12, 2025
The Public Company Accounting Oversight Board on Feb. 11 filed a notice with the SEC to withdraw its new standard on audit firm reporting of standardized firm and engagement metrics for approval—a victory for those that opposed the rules, including many of the largest accounting firms in the U.S. and the AICPA.
Auditing February 11, 2025
The audit regulator on Feb. 11 imposed a permanent bar and a $10,000 fine on audit partner and CPA Heber Maughan for improperly altering workpapers before providing them to PCAOB inspectors in two inspections and to enforcement staff during a related investigation.
Auditing January 30, 2025
The audit firm’s risk assessment process is the basis for a risk-based approach to the design, implementation, and operation of the firm’s quality control system, the PCAOB said.
PCAOB January 28, 2025
The new online resource page, Information for Smaller Firms, features PCAOB content tailored for smaller audit firms, including publications, videos, and other resources.
Auditing January 28, 2025
Plano, TX-based accounting firm SS Accounting and Auditing Inc. and partner Saima Sayani were disciplined for committing several failures on the audits of China Green Agriculture Inc. and for violating PCAOB quality control standards.
Auditing January 23, 2025
The top 10 accounting firm will pay a $500,000 fine as part of a Jan. 14 settlement with the Public Company Accounting Oversight Board for violating U.S. auditing rules and quality control standards.