PCAOB criticizes EY for fourth consecutive year over quality control deficiencies The Public Company Accounting Oversight Board (PCAOB) criticized Ernst & Young LLP for failing to address quality control (QC) problems found during …
SEC proposes removing PCAOB requirement from adviser custody rule audits, examinations The Securities and Exchange Commission (SEC) on October 1, 2026, issued a proposal that would eliminate a requirement that certain …
PCAOB unveils first standard-setting, rulemaking agendas under chairman Logothetis The Public Company Accounting Oversight Board (PCAOB) on September 30, 2026, published the first standard-setting and rulemaking agendas under the …
PCAOB member Botic urges renewed work on auditor metrics disclosure rule Public Company Accounting Oversight Board (PCAOB) member George Botic said the board should continue working on a rule that would …
SEC faces delays on semiannual reporting proposal amid record number of comment letters When the Securities and Exchange Commission (SEC) in May issued a proposal that would give public companies the option to …
PCAOB reorganizes, reverts Investor Advocate role to communications office The Public Company Accounting Oversight Board (PCAOB) is eliminating its standalone Office of the Investor Advocate and moving the Investor Advocate …
IRS unveils new automatic penalty relief process The IRS announced that this summer, it will transition to a new “systemic relief program” dubbed Automatic Exemption from Penalty (AEP). The …
5th Circuit changes course on limited partner tax exclusion The 5th U.S. Circuit Court of Appeals has withdrawn its January 2026 decision broadly construing the term “limited partner” for …
Tax Experts on OBBBA Changes to Opportunity Zones Recent Baker Tilly year-end tax webinars highlighted sweeping changes to the Opportunity Zone program under the One Big Beautiful Bill …