All Academics Updates

Jun. 18, 2024

The PCAOB has sanctioned De Visser Gray LLP for quality control violations related to audit methodology, critical audit matters, independence, audit committee communications, and Form AP.

Enforcement
Jun. 18, 2024

The PCAOB has sanctioned two firms for violations of rules related to required reporting.

Enforcement
Jun. 12, 2024

The PCAOB has adopted an updated rule to strengthen accountability for contributing to firm violations.

Standards
Jun. 12, 2024

PCAOB has updated its standards to clarify auditor responsibilities when using technology-assisted analysis.

Standards
Jun. 12, 2024

The PCAOB has issued a proposal that would strengthen and clarify the auditor’s responsibilities when designing and performing substantive analytical procedures.

Standards
Jun. 11, 2024

A new Spotlight provides high-level observations and takeaways from conversations with more than 200 audit committee chairs that PCAOB staff held in 2023.

Inspections
Jun. 10, 2024

The PCAOB has sanctioned L&L CPAs, PA and three associated individuals for violations related to quality control, audit failures, and Form AP deadlines.

Enforcement
Jun. 7, 2024

At a June 12 open meeting, the PCAOB will consider a proposal for a new standard, along with adoption of amendments to auditing standards and a PCAOB rule.

Standards
May 21, 2024

Imposing a $400,000 fine, the PCAOB has sanctioned MaloneBailey, LLP for pervasive quality control violations.

Enforcement
May 14, 2024

The PCAOB has revised its standard-setting, research, and rulemaking agendas to reflect 2024 progress.

Standards
May 13, 2024

The PCAOB has adopted a new quality control standard with an integrated, risk-based approach designed to drive continuous improvement in audit quality.

Standards
May 13, 2024

To protect investors by solidifying the foundation of every audit, the PCAOB has adopted a new standard addressing general principles and responsibilities of the auditor when conducting an audit.

Standards
May 8, 2024

At a May 13 open meeting, the PCAOB will consider adopting new standards on (1) general responsibilities of the auditor in conducting an audit and (2) quality control.

Standards
May 7, 2024

The PCAOB has sanctioned three auditors for failures relating to obtaining audit evidence, exercising professional skepticism, and other violations.

Enforcement
May 6, 2024

A new PCAOB staff report highlights important auditing considerations related to commercial real estate.

Inspections
May 3, 2024

The PCAOB has announced the agenda for the May 9 meeting of its Standards and Emerging Issues Advisory Group.

About the PCAOB
May 2, 2024

On June 5, 2024, Board Member George R. Botic will host a PCAOB forum in Los Angeles for auditors of small businesses and broker-dealers.

About the PCAOB
Apr. 30, 2024

A new PCAOB staff report shares observations on how root cause analysis can drive audit quality.

Inspections
Apr. 29, 2024

Investor Advisory: PCAOB Investor Advisory Group Requests Public Submit Examples of Critical or Key Audit Matters

Information for Investors
Apr. 26, 2024

Investor Bulletin: Opportunity To Comment on Proposals To Enhance Transparency Into Audits and Audit Firms

Information for Investors