Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Auditing June 25, 2024
PCAOB Busts Two Audit Firms for Not Complying With Reporting Rules
KKM CPA Associates in New York and the BDO affiliate firm in the United Arab Emirates were fined $25,000 and $20,000, respectively.
Auditing June 17, 2024
PCAOB Adopts New Rules for Auditors on Technology-Aided Analysis
The revised rules provide detail and clarity for auditors when performing procedures using technology-assisted analysis.
Auditing June 13, 2024
PCAOB Looks to Clarify Auditing Rules on Substantive Analytical Procedures
The proposal issued by the board June 12 would replace an interim standard that hasn't changed significantly since 1989.
Auditing June 13, 2024
PCAOB OKs Tougher Rules on Auditor Negligence
Individuals face possible sanctions when they negligently, directly, and substantially cause their firm to break PCAOB rules.
Auditing June 12, 2024
KPMG Collaborates with Databricks for Audit AI
The firm’s ongoing alliance with Databricks will further accelerate the adoption of artificial intelligence within KPMG’s audits.
PCAOB June 11, 2024
Erica Williams Gets Second Term as PCAOB Chair
Williams, who was sworn in as PCAOB chair in January 2022, will begin her second term on Oct. 25, lasting through Oct. 24, 2029.
Auditing June 10, 2024
PCAOB Fines Florida-Based Firm L&L CPAs $75,000 for Auditing Blunders
The firm and three people were sanctioned for violations related to quality control, auditing failures, and missing Form AP deadlines.
Accounting June 9, 2024
AI, Automation and Outsourced Staffing Options on Display on AICPA Engage Trade Show Floor
CPA Practice Advisor visited with many companies at AICPA Engage to discuss solutions that can help practices be more productive, efficient and profitable.
Auditing June 6, 2024
AICPA Updates Practice Aid for Auditing Digital Assets
Guidance was added on auditing the valuation of digital assets and audit procedures regarding their existence, rights, and obligations.
Mergers and Acquisitions May 24, 2024
Hg Buys AuditBoard in $3 Billion Deal
The private equity firm said it will help AuditBoard expand its cloud-based risk management platform, as well as its global reach.
Auditing May 22, 2024
CAQ Asks PCAOB to Extend Comment Period on a Pair of Proposed Standards
The Center for Audit Quality asked for an extra 60 days to review and provide feedback on two proposals with a June 7 comment due date.
Auditing May 21, 2024
PCAOB Slaps Audit Firm MaloneBailey With $400,000 Fine
The top 200 accounting firm was sanctioned on May 21 for what the PCAOB calls “pervasive quality control violations.”