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SubscribeAll Audit Committee Updates
Nov. 16, 2023
The PCAOB approved its 2024 budget to carry out its strategic plan’s goals and protect investors.
About the PCAOB
Nov. 15, 2023
The PCAOB has sanctioned six audit firms for violating PCAOB rules and standards related to audit committee communications.
Enforcement
Nov. 15, 2023
The PCAOB has sanctioned Somerset CPAs, P.C. and three of its partners for violations of PCAOB rules and audit standards.
Enforcement
Nov. 15, 2023
The PCAOB has sanctioned KPMG AZSA LLC for quality control violations.
Enforcement
Nov. 14, 2023
The PCAOB has fined PwC Greece $3 million for audit violations.
Enforcement
Nov. 1, 2023
The PCAOB has revised its standard-setting, research, and rulemaking agendas following record-setting action in 2023.
Standards
Oct. 27, 2023
The PCAOB has announced the agenda for the November 2 meeting of its Standards and Emerging Issues Advisory Group.
About the PCAOB
Oct. 24, 2023
The PCAOB has sanctioned Smythe LLP for improper use of unregistered firms in four audits.
Enforcement
Oct. 12, 2023
The PCAOB staff has issued a new resource to address high and increasing rates of audit deficiencies related to engagement quality reviews.
Inspections
Oct. 4, 2023
The PCAOB announces the agenda for the October 10 meeting of its Investor Advisory Group.
About the PCAOB
Sep. 28, 2023
The PCAOB has adopted a new standard for the auditor’s use of confirmation.
Standards
Sep. 28, 2023
A new Spotlight publication provides highlights from conversations with more than 200 audit committee chairs that PCAOB staff held in 2022.
Audit Committees
Sep. 26, 2023
The PCAOB has sanctioned BDO USA, P.C. and two of its partners for violations of PCAOB rules and audit standards.
Enforcement
Sep. 22, 2023
The PCAOB will hold an open meeting at 2:00 p.m. ET on Thursday, September 28, 2023, to consider adoption of a new standard for the auditor’s use of confirmation.
Standards
Sep. 21, 2023
On October 26, 2023, the PCAOB will livestream its Forum on Auditing in the Small Business Environment and on Auditing Broker-Dealers.
Broker-Dealers & Small Businesses
Sep. 20, 2023
Investor Bulletin - Opportunity to Comment on Proposal to Strengthen Accountability for Contributing to an Audit Firm’s Violations
Information for Investors
Sep. 19, 2023
The PCAOB has issued a proposal to strengthen accountability for contributing to firm violations.
Standards
Sep. 14, 2023
The PCAOB will hold an open meeting on September 19, 2023, at 10:00 a.m. ET to consider issuing for public comment a proposal to amend the Board’s rule on contributory liability for firm violations.
Standards
Sep. 12, 2023
The PCAOB has sanctioned K.R. Margetson Ltd. and Keith R. Margetson for violating PCAOB audit and quality control standards.
Enforcement
Aug. 29, 2023
The PCAOB has sanctioned Warren Averett, LLC for auditor independence and quality control violations.
Enforcement