PCAOB Staff Is Making Rapid Progress on Subsequent Events Project
The Public Company Accounting Oversight Board (PCAOB) staff has been making progress on a mid-term standard-setting project related to subsequent …
PCAOB Investor Panel Calls for Better Critical Audit Matters; Will Seek Nominations for Best Disclosures
The Public Company Accounting Oversight Board (PCAOB) Investor Advisory Group (IAG) will again ask the public to nominate the most …
Texas Audit Firm’s PCAOB Challenge Is Dismissed Following the Closing of Investigation
A federal judge on January 7, 2025, dismissed a Texas audit firm’s lawsuit against the Public Company Accounting Oversight Board …
SEC Faces Dueling Requests From Auditors, Investors on PCAOB Rules Increasing Transparency
In comment letters, the accounting profession asked the Securities and Exchange Commission (SEC) to reject the Public Company Accounting Oversight …
PCAOB Chair: Inspectors Are Seeing ‘Significant Improvements’ in Audits by Largest Firms
Following troubling increase in audit deficiency rates in the past few years, Public Company Accounting Oversight Board (PCAOB) Chair Erica …
After Jarkesy, Three Auditor Suits Test the PCAOB’s Enforcement Powers
The PCAOB is facing the most concerted attack in years on its enforcement powers through a trio of lawsuits that …
IRS Criminal Investigation Boasts 90% Conviction Rate in FY24
In its fiscal year 2024 annual report, the IRS Criminal Investigation (IRS-CI) unit announced its workforce grew to its biggest size …
KPMG Supports Alternative CPA Paths to Address Accountant Shortage
KPMG LLP has become the first among the Big Four accounting firms to publicly support swapping the extra 30-hour academic …
PCAOB Investor Panel Picks Deloitte, EY for Having 3 Most Useful Critical Audit Matters in 2023
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) has presented three examples of the most decision-useful critical …
CPAs Must Upskill to Succeed in Top Finance Roles, Report Finds
Certified Public Accountants (CPAs) seeking to advance to chief financial officer (CFO) roles must develop a broader range of skills …