PCAOB investor panel selects best critical, key audit matters of 2025 The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) presented three exemplary critical audit matters (CAMs) or key …
Public company audit quality continues to improve, PCAOB’s 2025 inspections show Accounting firms are doing a better job of auditing public companies than in previous years, according to the Public Company …
Big Four urge SEC to approve PCAOB’s QC standard rollback; investors push back Big Four accounting firms in comment letters urged the Securities and Exchange Commission (SEC) to approve the Public Company Accounting …
SEC proposes fund cross-trading changes tied to level 2 fair value inputs The Securities and Exchange Commission (SEC) has proposed rule changes that would allow registered investment funds to cross trade securities …
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 …
Qualified Opportunity Zone transitional guidance issued The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes. The guidance addresses how investors and …
Who Pays for Health Coverage During FMLA Leave? QUESTION: Does our company have to pay for employees’ health coverage while they are on FMLA leave? ANSWER: Your company does not …
‘Very Few Will Read a 200-Page PDF’: GASB Shifts to Short Videos for Elected Officials Chair Joel Black says the Governmental Accounting Standards Board (GASB) is about to launch a 16-part video series designed to …