PCAOB to Press Ahead With ‘NOCLAR’ Standard Opposed by Auditors, Businesses
Despite calls by auditors and businesses to issue a revised proposed auditing standard on so-called noncompliance with laws and regulations …
PCAOB Adopts Rule Intended to Increase Auditor Accountability
Less than a year after proposing a rule intended to more effectively deter auditor misconduct, the Public Company Accounting Oversight …
In Separate Actions, PCAOB Fines PwC US $2.75M and PwC Australia $600,000 for Quality Control Failures
In separate enforcement actions, the US Public Company Accounting Oversight Board (PCAOB) on March 28, 2024, fined PricewaterhouseCoopers LLP in …
Proposal Would Prohibit Misleading Statements by Auditors About PCAOB Registration, Oversight
The Public Company Accounting Oversight Board (PCAOB) on February 27, 2024, voted unanimously to propose a new rule that would …
PCAOB Proposes Revised Audit Requirements for Non-Compliance with Laws and Regulations
The Public Company Accounting Oversight Board (PCAOB) on June 6, 2023, voted 3 to 2 to issue a proposal that …
U.S. Audit Regulator Asks Court to Dismiss Suit by Accountant Challenging Disciplinary Proceedings
The U.S. Public Company Accounting Oversight Board (PCAOB) on April 14, 2023, filed a motion to dismiss a lawsuit brought …
U.S. Audit Regulator Sanctions Three Foreign KPMG Affiliates
The U.S. Public Company Accounting Oversight Board (PCAOB) on Dec. 6, 2022, said that three firms and four individuals affiliated …
SEC Acting Chief Accountant Urges Auditors to Step Up in Detecting Corporate Fraud
Securities and Exchange Commission Acting Chief Accountant Paul Munter issued an Oct. 11, 2022, public statement, urging auditors to do …
Big Four Firms, AICPA Report Lobbying on Federal Contractor Conflicts Bill
A bill to implement new conflict-of-interest safeguards for federal contracting drew the attention of lobbyists at the AICPA and three …