All Audit Committee Updates

Apr. 11, 2024

The PCAOB has released its 2023 Annual Report, which summarizes its operations and financial results from last year.

About the PCAOB
Apr. 10, 2024

The PCAOB has imposed $2 million in fines on Deloitte Indonesia and Deloitte Philippines and barred Deloitte Philippines’ former National Professional Practice Director.

Enforcement
Apr. 10, 2024

The PCAOB has imposed a record $25 million fine on KPMG Netherlands and permanently barred its former Head of Assurance.

Enforcement
Apr. 10, 2024

Read Chair Williams’ remarks from press conference announcing $25 million fine on KPMG Netherlands and $2 million in fines against Deloitte Indonesia and Deloitte Philippines.

Enforcement
Apr. 9, 2024

The PCAOB has issued two proposals to (1) standardize disclosure of firm and engagement metrics and (2) modernize the PCAOB’s reporting framework.

Standards
Apr. 9, 2024

The PCAOB has sanctioned a Singapore firm for quality control violations.

Enforcement
Apr. 4, 2024

The PCAOB will hold an open meeting on Apr. 9, 2024, to consider proposals regarding (1) firm and engagement metrics and (2) firm reporting.

Standards
Mar. 28, 2024

The PCAOB has sanctioned five firms for violations related to audit documentation and disclosure of who worked on audits.

Enforcement
Mar. 28, 2024

The PCAOB has fined PwC $2.75 million for quality control violations relating to independence.

Enforcement
Mar. 28, 2024

The PCAOB has sanctioned PwC Australia for violations related to reporting and quality control monitoring requirements.

Enforcement
Mar. 21, 2024

The PCAOB’s Office of the Investor Advocate marks a first year of progress and accomplishment.

Information for Investors
Mar. 21, 2024

Investor Bulletin: Commemorating the PCAOB’s Office of the Investor Advocate’s One-Year Anniversary

Information for Investors
Mar. 20, 2024

The PCAOB has sanctioned three partners of KPMG’s China affiliate for violations of audit standards.

Enforcement
Mar. 19, 2024

The PCAOB has sanctioned Halperin Ilanit CPA and its owner and only partner for violations of PCAOB rules and standards in multiple issuer audits.

Enforcement
Mar. 12, 2024

Investor Bulletin: Opportunity To Comment on Proposal To Protect Investors From False or Misleading Statements About PCAOB Registration and Oversight

Information for Investors
Mar. 5, 2024

The PCAOB has sanctioned Gries & Associates for deficient audit work that preceded multiple financial restatements.

Enforcement
Mar. 4, 2024

The PCAOB announced the participants taking part in its March 6, 2024, public virtual roundtable regarding the PCAOB’s proposal on noncompliance with laws and regulations. The proposal’s comment period is also reopened through March 18, 2024.

Standards
Feb. 27, 2024

A PCAOB rule proposal would prohibit auditors from making false or misleading statements about PCAOB registration and oversight.

Rulemaking
Feb. 26, 2024

On March 6, 2024, PCAOB staff will host a public virtual roundtable regarding the PCAOB’s proposal on noncompliance with laws and regulations. The proposal’s comment period has been reopened through March 18, 2024.

Standards
Feb. 22, 2024

The PCAOB will hold an open meeting on Feb. 27, 2024, to consider a proposed rule that would prohibit auditors from making false or misleading statements about PCAOB registration and oversight.

Rulemaking