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 February 11, 2025
PCAOB Punishes Audit Partner for Altering Workpapers, Thwarting Processes
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.
Advisory February 7, 2025
Key Trends, Challenges and Opportunities in Integrated Assurance
The report highlights the need for sustainable approaches to breaking down “silos” within risk management and assurance functions, which can result in inefficiencies, duplicative efforts, and incomplete reporting.
Accounting February 5, 2025
The Institute of Internal Auditors Releases the Cybersecurity Topical Requirement
The Cybersecurity Topical Requirement provides a baseline approach for internal audit functions when they assess cybersecurity as an audit topic or if cybersecurity is identified as a risk within other audits.
Auditing January 30, 2025
PCAOB Posts Staff Video on Audit Firm Risk Assessment Processes Under New QC Standard
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
PCAOB Debuts New Resource Page for Smaller Audit Firms
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
PCAOB Fines Texas Firm $65,000 for Auditing Failures
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
RSM US Forms Audit Quality Board
The three-member board will be tasked with evaluating the effectiveness of quality control and system of quality management matters within RSM US's assurance practice, among other things.
Auditing January 23, 2025
PCAOB Fines Baker Tilly $500,000 for Quality Control Missteps
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.
SEC January 22, 2025
Trump Taps Mark Uyeda as Acting SEC Chief
The Republican, who has served as an SEC commissioner since 2022, will hold down the fort while Trump's pick to succeed Gary Gensler as chair of the SEC, Paul Atkins, works his way through the Senate confirmation process.
Auditing January 21, 2025
PCAOB Puts Spotlight on Journal Entries in Latest ‘Audit Focus’
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 16, 2025
Withum Leads in IPO Audit Clients for Q3 of 2024
After tying PwC for the lead in the second quarter of 2024, top 25 accounting firm Withum was alone at the top of the initial public offering auditor market share standings in Q3 with 11 audit clients that went public, according to Audit Analytics.
Auditing January 14, 2025
Many Auditors Are Still Married to Their Excel Spreadsheets, Report Finds
"While Excel's versatility has made it a staple for decades, it's limitations—such as version control issues, manual data entry errors, and collaboration bottlenecks—are becoming increasingly problematic," accounting automation platform Trullion says in a new report.