All Updates and News Releases

A record 676 students have been named PCAOB Scholars for the 2024-2025 academic year, and the scholarship amount has increased to $15,000 per student.

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The PCAOB is seeking nominations for members of its Investor Advisory Group and Standards and Emerging Issues Advisory Group.

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The PCAOB’s report on 2023 broker-dealer audits provides good practices and reminders to address high deficiency rates.

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A new staff Spotlight shares observations from PCAOB staff outreach related to the use of generative artificial intelligence in audits and financial reporting.

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Investor Bulletin: Opportunity To Comment on Proposal To Enhance How Auditors Address Certain Assessed Risks of Material Misstatement

Information for Investors

The PCAOB has sanctioned De Visser Gray LLP for quality control violations related to audit methodology, critical audit matters, independence, audit committee communications, and Form AP.

The PCAOB has sanctioned two firms for violations of rules related to required reporting.

The PCAOB has adopted an updated rule to strengthen accountability for contributing to firm violations.

PCAOB has updated its standards to clarify auditor responsibilities when using technology-assisted analysis.

The PCAOB has issued a proposal that would strengthen and clarify the auditor’s responsibilities when designing and performing substantive analytical procedures.

Chair Williams issues statement on her appointment to a second term.

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A new Spotlight provides high-level observations and takeaways from conversations with more than 200 audit committee chairs that PCAOB staff held in 2023.

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The PCAOB has sanctioned L&L CPAs, PA and three associated individuals for violations related to quality control, audit failures, and Form AP deadlines.

At a June 12 open meeting, the PCAOB will consider a proposal for a new standard, along with adoption of amendments to auditing standards and a PCAOB rule.

Imposing a $400,000 fine, the PCAOB has sanctioned MaloneBailey, LLP for pervasive quality control violations.

The PCAOB has revised its standard-setting, research, and rulemaking agendas to reflect 2024 progress.

The PCAOB has adopted a new quality control standard with an integrated, risk-based approach designed to drive continuous improvement in audit quality.

To protect investors by solidifying the foundation of every audit, the PCAOB has adopted a new standard addressing general principles and responsibilities of the auditor when conducting an audit.

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.

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