All Audit Committee Updates
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.

May 7, 2024
The PCAOB has sanctioned three auditors for failures relating to obtaining audit evidence, exercising professional skepticism, and other violations.

May 6, 2024
A new PCAOB staff report highlights important auditing considerations related to commercial real estate.

May 3, 2024
The PCAOB has announced the agenda for the May 9 meeting of its Standards and Emerging Issues Advisory Group.

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.

Apr. 30, 2024
A new PCAOB staff report shares observations on how root cause analysis can drive audit quality.

Apr. 29, 2024
Investor Advisory: PCAOB Investor Advisory Group Requests Public Submit Examples of Critical or Key Audit Matters

Apr. 26, 2024
Investor Bulletin: Opportunity To Comment on Proposals To Enhance Transparency Into Audits and Audit Firms

Apr. 18, 2024
The PCAOB has announced the agenda for the April 24 meeting of its Investor Advisory Group.

Apr. 18, 2024
A new PCAOB staff report shares observations that can help auditors properly test information produced by companies and external sources.

Apr. 17, 2024
The PCAOB has announced a series of in-person forums on auditing in the small business environment and on auditing broker-dealers, starting in Chicago on May 22, 2024.

Apr. 11, 2024
The PCAOB has released its 2023 Annual Report, which summarizes its operations and financial results from last year.

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.

Apr. 10, 2024
The PCAOB has imposed a record $25 million fine on KPMG Netherlands and permanently barred its former Head of Assurance.

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.

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.

Apr. 9, 2024
The PCAOB has sanctioned a Singapore firm for quality control violations.

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.

Mar. 28, 2024
The PCAOB has sanctioned five firms for violations related to audit documentation and disclosure of who worked on audits.

Mar. 28, 2024
The PCAOB has fined PwC $2.75 million for quality control violations relating to independence.
