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.
PCAOB July 22, 2025
The SEC has named George Botic acting chair of the Public Company Accounting Oversight Board, effective July 23, following last week's resignation of Erica Williams, whose last day as PCAOB chair is Tuesday.
PCAOB July 15, 2025
Williams will step down as chair of the Public Company Accounting Oversight Board on July 22 after she reportedly was asked to resign by SEC Chairman Paul Atkins.
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 July 10, 2025
Michael Coglianese, CPA PC was censured and fined $50,000 July 10 for violating U.S. auditing rules and standards in connection with 17 audit and attestation engagements for SEC-registered brokers and dealers.
Auditing July 7, 2025
This edition of "Audit Focus" highlights key reminders for auditors of small public companies or brokers and dealers on engagement acceptance and why it's a critical part of the audit process.
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.
PCAOB June 23, 2025
Republican lawmakers' plan to fold the PCAOB into the SEC hit a snag last Thursday when it was determined in the Senate that the provision in the GOP tax-and-spending bill violates the "Byrd Rule."
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 15, 2025
The Public Company Accounting Oversight Board released a new publication on May 15 that highlights the results of conversations that board staff had with audit committee chairs of U.S. public companies and broker-dealers last year.