Audit preparation

The Public Company Accounting Oversight Board imposed a $30,000 civil penalty against K.R. Margetson and its sole partner for quality control violations and revoked his firm's registration for a year.

A March acquisition continued to yield dividends for the Cleveland-based Top 50 Firm; Deloitte and CohnReznick also saw big gains.

While companies are working in overdrive to fill accounting positions, they are finding themselves up against a confluence of factors.

The London-based auditor gave a clean bill of health to a music streaming company that wildly overstated its revenue.

The board continues its aggressive approach to oversight, announcing several hundreds of thousands of dollars in penalties on several auditors in a single week.

The board saw high rates of deficiency last year, with little to no improvement over prior years.

The board is looking for nominations for new members of its Investor Advisory Group and its Standards and Emerging Issues Advisory Group.

Digital World Acquisition blasted Marcum for not adhering to "requisite audit procedures" that would have identified the accounting errors sooner.

At the same time, the number of companies reporting their audit fees has dropped roughly 20%.

The board disciplined five auditing firms for violating its rules and standards when communicating with audit committees.

The board's inspectors are finding 'unacceptable' levels of problems at auditing firms, with year-over-year increases once again.

Familiarity with the Capability Maturity Model empowers companies to proactively prepare for audits by equipping them with knowledge about specific audit challenges associated with each level.

The audit fee for the combined group is expected to be less than the sum of the standalone audits, but would still be one of the highest in global banking.

The board sanctioned the Top 20 Firm for failing to disclose SEC disciplinary proceedings within five months.

The U.K.'s Financial Reporting Council published its annual inspection and supervision results of the largest audit firms, and said it found signs of continued improvement.

The board wants to address the greater use of technology by auditors, especially when it comes to analyzing information in electronic format.

Board staff released a spotlight report to provide food for thought for committee members about fraud risks, cybersecurity, digital assets, critical audit matters and more.

Internal auditors are in especially high demand by businesses that have faced recent public failures, according to a new study.

The CAQ survey found auditing firm partners feeling pessimistic about issues like inflation, cybersecurity risks and greater regulation.

The Public Company Accounting Oversight Board found problems in its initial audit firm inspections in China.