New PCAOB Standard is Expected to Lead to More Timely Issuance of Audit Inspection Reports
The Public Company Accounting Oversight Board (PCAOB) on May 13, 2024, voted unanimously to adopt a new standard that could …
PCAOB Staff Report Recommends Root Cause Analysis to Improve Audit Quality
The Public Company Accounting Oversight Board (PCAOB) on April 30, 2024, published a staff report about how a root cause …
PCAOB Investor Advisory Group Seeks Public Nominations for Best Critical Audit Matters
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) is formally seeking the public’s nominations for the “most …
Investor Advisory Group Asks PCAOB to Strengthen Proposal on Firm Registration Rules
Members of the Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (MIAG) asked the board to strengthen its proposal …
US Audit Regulator Imposes Record Penalty on KPMG Netherlands for Exam Cheating by Hundreds of Professionals
The US Public Company Accounting Oversight Board (PCAOB) on April 10, 2024, said it fined KPMG Netherlands a record $25 …
Regulator Proposes Auditor Performance Metrics, Updates to Firm Reporting
The Public Company Accounting Oversight Board (PCAOB) on April 9, 2024, issued two separate but related proposals intended to increase …
PCAOB Schedules Meeting to Consider Proposing Set of Audit Quality Metrics
The Public Company Accounting Oversight Board (PCAOB) has scheduled a public meeting for April 9, 2024, to consider issuing a …
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 …
Anonymous Audit Firm Sues PCAOB to Block ‘Excessively Intrusive and Burdensome’ Investigative Demand
An audit firm subject to a PCAOB investigation over the auditing of crypto assets on March 27, 2024, sued the …
‘John Doe’ Tennessee Accountant Challenges PCAOB’s Enforcement Powers
A Tennessee accountant facing a PCAOB disciplinary action on March 5, 2024, asked a federal court to halt the proceedings …