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Dec. 20, 2023
In a new staff report, the PCAOB’s staff has outlined 2024 inspection priorities, with a focus on driving improvements in audit quality.
Inspections
Nov. 30, 2023
Imposing $7.9 million in fines, the PCAOB has sanctioned three China-based firms and four individuals in historic settlements.
Enforcement
Nov. 30, 2023
Chair Williams issues statement on the PCAOB’s enforcement orders against China-Based firms.
Enforcement
Nov. 28, 2023
The PCAOB has sanctioned three firms for failing to make required Form AP disclosures, or to do so on a timely basis.
Enforcement
Nov. 28, 2023
The PCAOB has sanctioned three firms for failing to make required disclosures on Form 3, or to do so on a timely basis.
Enforcement
Nov. 16, 2023
The PCAOB approved its 2024 budget to carry out its strategic plan’s goals and protect investors.
About the PCAOB
Nov. 15, 2023
The PCAOB has sanctioned six audit firms for violating PCAOB rules and standards related to audit committee communications.
Enforcement
Nov. 15, 2023
The PCAOB has sanctioned Somerset CPAs, P.C. and three of its partners for violations of PCAOB rules and audit standards.
Enforcement
Nov. 15, 2023
The PCAOB has sanctioned KPMG AZSA LLC for quality control violations.
Enforcement
Nov. 14, 2023
The PCAOB has fined PwC Greece $3 million for audit violations.
Enforcement
Nov. 1, 2023
The PCAOB has revised its standard-setting, research, and rulemaking agendas following record-setting action in 2023.
Standards
Oct. 27, 2023
The PCAOB has announced the agenda for the November 2 meeting of its Standards and Emerging Issues Advisory Group.
About the PCAOB
Oct. 24, 2023
The PCAOB has sanctioned Smythe LLP for improper use of unregistered firms in four audits.
Enforcement
Oct. 12, 2023
The PCAOB staff has issued a new resource to address high and increasing rates of audit deficiencies related to engagement quality reviews.
Inspections
Oct. 6, 2023
The PCAOB has concluded its 2023 Conference on Auditing and Capital Markets, which attracted 359 participants from across academia.
Economic Analysis
Oct. 4, 2023
The PCAOB announces the agenda for the October 10 meeting of its Investor Advisory Group.
About the PCAOB
Sep. 28, 2023
The PCAOB has adopted a new standard for the auditor’s use of confirmation.
Standards
Sep. 28, 2023
A new Spotlight publication provides highlights from conversations with more than 200 audit committee chairs that PCAOB staff held in 2022.
Audit Committees
Sep. 26, 2023
The PCAOB has sanctioned BDO USA, P.C. and two of its partners for violations of PCAOB rules and audit standards.
Enforcement
Sep. 22, 2023
The PCAOB will hold an open meeting at 2:00 p.m. ET on Thursday, September 28, 2023, to consider adoption of a new standard for the auditor’s use of confirmation.
Standards