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 July 15, 2025
The three firms censured and fined by the PCAOB on July 11 for violating U.S. auditing rules and standards were Goldman & Co. CPAs ($25,000), Raymond Chabot Grant Thornton in Canada ($30,000), and PWR CPA ($60,000).
Auditing June 25, 2025
Michael Studer, CPA, was permanently barred on June 24 and his firm, Michael T. Studer CPA PC, had its PCAOB registration revoked after the accountant was found to be a repeat violator of U.S. auditing rules and standards.
Auditing June 25, 2025
The Netherlands-based affiliates of Deloitte, PwC, and EY were found to have violated U.S. auditing rules and quality control standards related to internal exam cheating and inefficient monitoring of their quality control systems.
Auditing June 13, 2025
The Utah-based firm and its founder/partner Kristofer Heaton were fined on June 12 for audit documentation, engagement quality review, and quality control failures involving five audits.
Auditing May 21, 2025
Auditing accounting estimates is the topic of the latest edition of "Audit Focus," a series of PCAOB publications that aims to provide easy-to-digest information to auditors.
Auditing May 12, 2025
The PCAOB has posted a brand-new set of staff presentation videos designed to help audit firms and auditors implement four areas of their quality control system under QC 1000, A Firm’s System of Quality Control.
Auditing April 23, 2025
Accounting firm Adeptus Partners was fined $75,000 and managing partner Howard Krant was sanctioned $50,000 on April 22 for breaking the rules during the audits of two technology companies.
Auditing April 22, 2025
The new set of staff presentation videos are designed to help audit firms implement four components of their quality control system under QC 1000, A Firm’s System of Quality Control.
Accounting April 8, 2025
South Carolina lawmakers want to move on from outside independent auditor CliftonLarsonAllen after a 20-year relationship.
Auditing March 25, 2025
James Pai CPA PLLC and its sole owner and partner Yu-Ching James Pai were fined a total of $40,000 for violating multiple PCAOB rules and standards in connection with the 2021 and 2022 audits of SUIC Worldwide Holdings.
Auditing March 24, 2025
The Public Company Accounting Oversight Board has released a series of three staff presentation videos focused on implementing the monitoring and remediation process under QC 1000, A Firm’s System of Quality Control.