Audit standards

Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.

The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami, and Jersey City.

The Public Company Accounting Oversight Board voted to propose an extensive set of new reporting requirements to impose on auditing firms.

Friction simmers within the audit industry following the Public Company Accounting Oversight Board's controversial June 2023 proposal to revise its standard on noncompliance with laws and regulations.

The Public Company Accounting Oversight Board sanctioned PricewaterhouseCoopers' member firms in the U.S. and Australia over auditing quality control violations, imposing a $2.75 million and $600,000 penalty.

PICPA believes the PCAOB's Non-Compliance with Laws and Regulations proposal is disconnected from the realities of the auditing profession and will impose undue strain on an already thinly stretched workforce of CPAs.

This new standard changes the game for auditors to make risk assessments even more effective.

The internal audit function is gaining more people and funding, according to a new survey released Monday.

A roundup of the flood of sanctions, fines and penalties issued over the past year or so by the PCAOB.

Despite suggestions to the contrary, audits remain valuable and serve a grander purpose.

The Public Company Accounting Oversight Board is proposing a new rule to prevent auditing firms from making false or misleading statements about being registered or overseen by the PCAOB.

The Public Company Accounting Oversight Board levied a $2 million fine against WithumSmith+Brown for violating quality control rules.

The Public Company Accounting Oversight Board levied sanctions and penalties against four auditing firms as part of a sweep.

The International Ethics Standards Board for Accountants has proposed new rules to help auditors steer companies away from greenwashing.

The International Auditing and Assurance Standards Board is proposing to toughen its rules for requiring auditors to look for signs of fraud in a client's financial statements.

Audit reports contain significant, material information, argues accounting educator J. Edward Ketz.

The Public Company Accounting Oversight Board staff report offered insights into the PCAOB's inspection program for auditors of broker-dealers and issues with professional skepticism and low-ball fees.

The Public Company Accounting Oversight Board also permanently barred a sole practitioner in New York.

The Institute of Internal Auditors' newly updated set of Global Internal Audit Standards takes effect in January 2025.

The International Auditing and Assurance Standards Board is planning to make some minor adjustments in its quality management and global audit standards to align them more closely with international ethics rules for accountants.