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 March 12, 2025
Ex-BF Borgers Partner’s Bad Auditing Judgment Results in $15,000 Fine From the PCAOB
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.
Accounting March 11, 2025
Report Shows the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders
Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to have sufficient funding.
Financial Reporting March 10, 2025
Nasdaq Suffers Worst Day Since 2022
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 March 10, 2025
AuditBoard Adds Advanced AI Capabilities to Internal Audit Platform
AuditBoard's new features enable customers to audit with impactful, industry-trained, generative AI-powered workflows.
Auditing March 10, 2025
New Report Reveals the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders
Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to have sufficient funding.
Auditing March 6, 2025
The Institute of Internal Auditors Opens Third-Party Topical Requirement for Public Comment
The Topical Requirements are a key element of The IIA’s broader International Professional Practices Framework, alongside the Global Internal Audit Standards and Global Guidance.
Auditing February 27, 2025
PCAOB Quizzes Auditors on New Confirmation Standard
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
Being Uncooperative During an Inspection Lands Audit Firm Partner in Hot Water With the PCAOB
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
PCAOB Cranked Up Enforcement Activity in 2024
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
PCAOB Checks Auditors’ Knowledge on New Quality Control Standard
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
Cybersecurity Remains Top Priority for Audit Committees
For the fourth straight year, cybersecurity is the No. 1 priority for audit committees at public companies, outside of financial reporting and internal controls, according to survey findings released on Feb. 12 by the Deloitte Center for Board Effectiveness and the Center for Audit Quality.
Auditing February 12, 2025
PCAOB Pulls Rules on Audit Firm Metrics
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.