Auditing October 4, 2023
PCAOB Reaches Rule-Making Milestone Under Erica Williams’ Administration
The new standard on confirmations is the first project the board saw through from start to finish with Williams as PCAOB chair.
Auditing September 26, 2023
BDO USA, Two Audit Partners Tagged with Fines for Breaking PCAOB Rules
BDO USA was fined $2 million and two of the firm’s partners were fined a total of $60,000 for failures in the 2017 audit of AAC Holdings.
Auditing September 19, 2023
PCAOB Looks to Amend Rule on Auditors’ Liability for Audit Firm Violations
The proposal would hold auditors and others more accountable when they negligently cause their firm to violate auditing standards.
Accounting June 27, 2023
PCAOB Looks to Add Rules for Auditors on Technology-Assisted Analysis
The proposal would update parts of existing PCAOB standards relating to audit evidence and auditors' responses to risk.
Auditing June 7, 2023
PCAOB Turns Up the Heat on Auditors to Find Fraud
The PCAOB wants auditors to get tougher detecting noncompliance with laws and regulations, including fraud, in public company audits.
Auditing May 22, 2023
PCAOB Has a Batch of New Projects in the Works
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
The IIA Solicits Feedback on Proposed New Global Internal Audit Standards
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
PCAOB Looks to Modernize Rules for Confirmations
Proposal would replace an interim standard that has not changed substantially since 2003.
Auditing November 21, 2022
PCAOB Proposes to Refresh Quality Control Rules for Audit Firms
The PCAOB plans to take a five-pronged approach to updating its quality control rules.
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Auditing October 12, 2022
PCAOB Adds 3 New Projects to Standard-Setting and Research Agendas
Modernizing auditing standards is one of four goals identified in the board’s draft five-year strategic plan.
June 22, 2022
PCAOB OKs Changes in the Oversight of Audits Involving Outside Auditors
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 – March 2021
AICPA News is a round-up of recent announcements from the American Institute of CPAs.