Auditing July 23, 2025
Centurion ZD CPA & Co. and its owner Chan Kam Fuk were sanctioned for violating U.S. auditing and quality control rules and standards related to audits of companies based in China, including Chinese coffee chain Luckin Coffee Inc.
Auditing June 7, 2023
The PCAOB wants auditors to get tougher detecting noncompliance with laws and regulations, including fraud, in public company audits.
Auditing May 22, 2023
The audit regulator revised its standard-setting agenda to include four new projects—two considered short-term and two mid-term.
Accounting March 9, 2023
Feedback from the public comment period will inform the continued development of the new Standards. The final Standards will be issued in late 2023 and take effect 12 months after release.
Auditing January 5, 2023
Proposal would replace an interim standard that has not changed substantially since 2003.
Auditing November 21, 2022
The PCAOB plans to take a five-pronged approach to updating its quality control rules.
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Auditing October 12, 2022
Modernizing auditing standards is one of four goals identified in the board’s draft five-year strategic plan.
June 22, 2022
The Public Company Accounting Oversight Board (PCAOB) voted unanimously to amend current auditing rules and introduced a new standard on June 21 pertaining to an audit firm’s use of so-called “other auditors” who lend a hand during the course of an audit.
March 17, 2021
AICPA News is a round-up of recent announcements from the American Institute of CPAs.
February 25, 2021
The standard requires immediate past auditors and presumed successor auditors, once management consents to the past auditor responding, to communicate about potential NOCLAR situations. Examples of NOCLAR situations include, but are not limited to...
June 1, 2018
On January 1, 2021 - IFRS 17 - one of the biggest changes to insurance accounting in more than 20 years, goes into effect. According to the International Accounting Standards Board, $13 trillion total assets of 450 listed insurers using International ...
December 18, 2017
The IFRS Taxonomy facilitates the digital creation and consumption of financial information. It improves investors’ access to financial information by listing and defining specific codes, or elements, that can be used to tag items of data.
August 2, 2016
The proposed ASU is part of the FASB’s broader disclosure framework project to improve the effectiveness of disclosures in notes to financial statements by clearly communicating the information that is most important to users of a reporting ...