SEC Charges Software Company for Improper Accounting
The SEC on June 7, 2022, said that it charged software company Synchronoss Technologies, Inc., for improper accounting of revenues …
Refreshed PCAOB Agenda Items are ‘Oldies but Goodies,’ Says Founding Member
Early reaction to the PCAOB’s new standard-setting and research agendas has been positive. “I just thought this was a good …
Deloitte’s Controls Expert Shares Tips on Sarbanes-Oxley for New Public Companies
Last year, 2021, was a record year with about 1,030 companies doing initial public offering (IPO) transactions and special purpose …
Mix of Old and New Members are Named to Reconstituted PCAOB Advisory Groups
The PCAOB on May 9, 2022, announced inaugural members of its reconstituted advisory groups. Some have served on the board’s …
During First Public Conference as PCAOB Chair, Williams Signal No Major Changes
New PCAOB Chair Erica Williams indicated that there will likely not be any major changes in terms of how the …
New PCAOB Leaders Set Ambitious Standard-Setting Priorities
Taking a sharp turn, the new PCAOB leadership has put back some projects on the standard-setting and research agendas that …
To Send a Message, PCAOB Fines Former KPMG Vice Chair $100,000 For Inspection Cheating Scandal
Five years after Scott Marcello, then-vice chair of audit with KPMG LLP, was fired for failing to supervise employees who …
AICPA and NASBA Gain Official Observer Status on PCAOB’s New Advisory Group
When the PCAOB finalized the charters of its two new advisory groups, it decided to add the AICPA’s Auditing Standards …
U.S. Regulator: Speculation of Audit Inspection Agreement with China is ‘Premature’
After the SEC recently turned up the pressure by writing congressionally-mandated rules that would eventually stop stock trading of U.S.-listed …
New PCAOB Resource Covers Audit Firm’s Use of Service Providers for Audit Confirmation
The PCAOB issued a new spotlight document after observing that some auditors were not properly applying the board’s standards when …