All Audit Committee Updates

Dec. 20, 2022

The PCAOB has issued for public comment a proposal to strengthen and modernize its requirements for the auditor’s use of confirmation.

Standards
Dec. 20, 2022

The PCAOB sanctions three individuals for violating PCAOB standards on relationships between a company and its related parties.

Enforcement
Dec. 15, 2022

The PCAOB secures complete access to inspect and investigate Chinese firms for the first time in history.

International
Dec. 12, 2022

The PCAOB will hold an open meeting on Tuesday, December 20, 2022, at 10:00 a.m. ET to consider issuing for public comment a proposal to strengthen and modernize requirements for the auditor’s use of confirmation.

Standards
Dec. 8, 2022

The PCAOB issues interim analysis report and staff white papers related to impact of estimates and specialists requirements.

Standards
Dec. 8, 2022

Audits with deficiencies increased in 2021, according to a new PCAOB staff report.

Inspections
Dec. 7, 2022

The PCAOB issues interim analysis report and staff white papers related to impact of critical audit matters.

Standards
Dec. 6, 2022

Imposing $7.7 million in fines, the PCAOB sanctions three firms and four individuals from KPMG global network.

Enforcement
Nov. 30, 2022

The PCAOB launches the Technology Innovation Alliance Working Group.

About the PCAOB
Nov. 18, 2022

The PCAOB has approved its strategic plan along with the 2023 budget to carry out the plan’s goals and protect investors.

About the PCAOB
Nov. 18, 2022

The PCAOB proposes a new quality control standard.

Standards
Nov. 10, 2022

The PCAOB will hold an open meeting on Friday, November 18, 2022, at 2:00 p.m. to consider a proposal for a new quality control standard, along with the 2023 budget and strategic plan.

About the PCAOB
Nov. 3, 2022

The PCAOB sanctions a firm and partner for violating PCAOB rules and quality control standards.

Enforcement
Oct. 27, 2022

The PCAOB announces agenda for the November 2 meeting of its Standards and Emerging Issues Advisory Group.

About the PCAOB
Oct. 19, 2022

The PCAOB sanctions three firms for failing to disclose unregistered firm participation in public company audits.

Enforcement
Oct. 18, 2022

The PCAOB imposes the highest individual penalty ever and bars audit partner for misleading inspectors and investigators.

Enforcement
Oct. 13, 2022

On October 26, 2022, the PCAOB will livestream its Forum on Auditing in the Small Business Environment and on Auditing Broker-Dealers.

Broker-Dealers & Small Businesses
Oct. 12, 2022

The PCAOB updates its standard-setting and research agendas to reflect progress on a key strategic goal of modernizing standards.

Standards
Oct. 6, 2022

The PCAOB announces agenda for October 12 meeting of its Investor Advisory Group.

About the PCAOB
Oct. 4, 2022

Following a sweep, the PCAOB sanctions four audit firms for failing to disclose who worked on audits.

Enforcement