All News & Events Updates

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

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The PCAOB published a staff Spotlight observing improvement in deficiency rates, along with 2024 inspection reports for the six firms in the U.S. Global Network Firms inspection category.

The PCAOB has sanctioned James Pai CPA PLLC and its sole partner for audit failures.

The PCAOB has entered into a cooperative arrangement with the Romanian audit regulator.

The PCAOB has announced the newly appointed and continuing members of its advisory groups.

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At a March 19 open meeting, PCAOB staff will discuss quality control monitoring and remediation process, as well as implementation resources for firms.

The PCAOB has sanctioned PwC Singapore for violations of PCAOB rules and quality control standards.

The PCAOB has sanctioned an engagement partner for multiple audit failures and a violation of independence requirements.

The PCAOB announced settled disciplinary orders sanctioning nine firms from KPMG’s global network for violations of PCAOB rules and standards, including quality control standards.

On April 3, 2025, Chair Williams will host a PCAOB forum in Chicago for auditors of small businesses and broker-dealers.

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The PCAOB has sanctioned a former engagement partner for violating multiple PCAOB rules and standards, including failure to cooperate with a PCAOB inspection.

The PCAOB has sanctioned an audit firm, finding that quality control deficiencies resulted in widespread answer sharing by firm personnel on internal training tests.

On March 18, 2025, Board Member Christina Ho will host a rescheduled PCAOB forum in Miami for auditors of small businesses and broker-dealers.

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The PCAOB has sanctioned an audit partner for issuing audit report before completing all necessary audit procedures.

The PCAOB has sanctioned an audit partner for improperly and repeatedly altering workpapers in two PCAOB inspections and a PCAOB investigation.

Continuing its efforts to support smaller audit firms, the PCAOB has launched a new online resource page: Information for Smaller Audit Firms.

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The PCAOB has sanctioned SS Accounting and Auditing Inc. and partner for multiple violations of PCAOB rules and standards.

Imposing a $500,000 fine, the PCAOB has sanctioned Baker Tilly US, LLP for quality control violations.

The PCAOB has sanctioned a firm and three of its partners for attempting to deceive the PCAOB’s inspection staff, among other violations.

The PCAOB has sanctioned an audit firm and its sole partner for violations of PCAOB rules and standards.