Audit standards

The profession needs to engage seriously with whether the binary audit opinion remains the right product for the public interest it is meant to serve.

The American Institute of CPAs' Auditing Standards Board posted a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030.

The American Institute of CPAs' Auditing Standards Board proposed a set of updates to its attestation standards regarding sustainability and other emerging assurance issues.

The Securities and Exchange Commission is making extensive changes in auditing and accounting as it continues to deregulate under the Trump administration.

The International Auditing and Assurance Standards Board has decided to pursue guidance for applying current standards to uses of emerging technology, like AI.

The Auditing Standards Board will be proposing a set of updates to its attestation standards to address sustainability information and other assurance issues.

The PCAOB sanctioned audit firm Zwick CPA, its owner Jack Zwick and audit manager Jeffrey Hoskow for violations related to an audit of Genie Energy.

The Institute of Internal Auditors has released its latest "topical requirement," this time on organizational behavior as part of a company's culture.

The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international standard-setters.

The acting chair of the Public Company Accounting Oversight Board outlines his vision for defining audit quality, highlights private equity concerns, and calls for AI guardrails.

With the latest AICPA quality management standard, SQMS 1, firms will have to take a more holistic approach to quality.

The Public Company Accounting Oversight Board released staff guidance to help auditors implement Paragraph .10A of AS 1105, "Audit Evidence."

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.

The internal audit profession has been grappling with a greater array of responsibilities beyond checking up on corporate finances, including vetting companies' cybersecurity and use of artificial intelligence.

The PCAOB staff continues to see deficiencies related to the review procedures required by Attestation Standard No. 2.

The International Ethics Standards Board for Accountants posted two new publications from its staff on two of its recent standards.

The American Institute of CPAs has updated its practice aid on digital assets with a new chapter on auditing cryptocurrency lending and borrowing transactions.

The Public Company Accounting Oversight Board postponed the effective date for QC 1000, "A Firm's System of Quality Control," as well as other standards, rules and forms, by one year.

The International Auditing and Assurance Standards Board posted new documents to help jurisdictions implement its recent standard on sustainability assurance.

Public Company Accounting Oversight Board chair Erica Williams is departing on July 22, after being pushed out by the new SEC chairman after her agency narrowly avoided an effort to eliminate it.