All Audit Committee Updates

May 16, 2023

The PCAOB has revised its standard-setting agenda and added rulemaking projects to enhance investor protection.

Standards
May 10, 2023

The PCAOB has posted its first-ever inspection reports for audit firms located in mainland China and Hong Kong.

Inspections & International
May 2, 2023

The PCAOB enhances the transparency of its inspection reports with new section on auditor independence and more.

Inspections
Apr. 25, 2023

A new PCAOB staff Spotlight reminds auditors that professional competence and skepticism are essential to quality audits.

Apr. 19, 2023

A new PCAOB staff report provides insights on audits of special purpose acquisition companies (SPACs) and de-SPAC transactions.

Inspections
Apr. 17, 2023

Investor Bulletin - Opportunity to Comment on Proposed Standard Addressing Core Auditing Principles and Responsibilities

Information for Investors
Apr. 17, 2023

In 2023, the PCAOB’s inspections will prioritize audit risks related to fraud, the financial services sector, and crypto. Read our staff Spotlight to learn more.

Inspections
Apr. 11, 2023

The PCAOB sanctions RT LLP for violations of rules and standards related to quality control, documentation, and Form AP requirements.

Enforcement
Apr. 5, 2023

The PCAOB has released its 2022 Annual Report, which summarizes its operations and financial results from last year.

About the PCAOB
Mar. 28, 2023

The PCAOB has proposed to modernize PCAOB standards that address core auditing principles and responsibilities, such as due professional care and professional skepticism.

Standards
Mar. 27, 2023

The PCAOB sanctions Friedman LLP for improper use of unregistered Chinese firms.

Enforcement
Mar. 23, 2023

The PCAOB announces agenda for the March 30 meeting of its Standards and Emerging Issues Advisory Group.

About the PCAOB
Mar. 21, 2023

The PCAOB will hold an open meeting on Tuesday, March 28, 2023, at 10:00 a.m. ET to consider issuing for public comment a proposal to modernize PCAOB standards that address core auditing principles and responsibilities.

Standards
Mar. 8, 2023

Investor Advisory - Exercise caution with third-party verification/proof of reserve reports.

Information for Investors
Mar. 2, 2023

The PCAOB announces the agenda for the March 9 meeting of its Investor Advisory Group.

About the PCAOB
Feb. 2, 2023

The PCAOB expects firms to remedy quality control deficiencies. Read our staff report to learn more.

Inspections
Dec. 23, 2022

PCAOB Chair Erica Y. Williams applauds congressional action to shorten the Holding Foreign Companies Accountable Act’s timeline.

International
Dec. 22, 2022

The PCAOB sanctions six firms for failing to make required disclosures.

Enforcement
Dec. 22, 2022

The PCAOB sanctions EY Canada engagement partner for flawed auditing of management estimate.

Enforcement
Dec. 21, 2022

The PCAOB sanctions firm and partner for numerous violations of standards related to documentation and quality control.

Enforcement