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 January 21, 2025
PCAOB staff continues to identify a large number of deficiencies related to the auditor’s examination of journal entries, the audit regulator said.
Auditing January 7, 2025
The blockbuster fine of 2024 was the $25 million penalty the PCAOB gave KPMG in the Netherlands last April for systemic internal exam cheating over a five-year period. It's the largest fine the PCAOB has ever doled out.
Auditing January 3, 2025
Under the new rules, the PCAOB can address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered, as demonstrated by its failures to file annual reports via PCAOB Form 2 and pay annual fees for at least two consecutive reporting years.
Auditing December 26, 2024
In a Dec. 19 comment letter to the SEC, the AICPA says the new requirements adopted by the PCAOB last month would particularly burden small and midsized firms, as well as unintentionally hurt capital markets and the investing public.
SEC December 18, 2024
The 2025 PCAOB budget totals $399.7 million, and the accounting support fee totals $374.9 million, of which $346.1 million will be assessed on public company issuers and $28.8 million will be assessed on registered broker-dealers.
Auditing December 6, 2024
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
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
The sanctions against Weinstein International CPA and Idan Weinstein are for violating rules on three issuer audits.
Auditing December 6, 2024
“Sound and consistent information strengthens investor confidence and can drive audit quality,” PCAOB Chair Erica Williams said.
Auditing November 13, 2024
"Audit Focus" intends to provide easy-to-digest information to auditors, with critical audit matters as the first topic in the series.
Auditing November 11, 2024
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
Audit firms are encouraged to review the supplement and other resources providing transparency around remediation.