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PCAOB Exploring Option of Naming Companies with Deficient Financial Audits
Auditing
The Public Company Accounting Oversight Board (PCAOB) is considering whether to reveal, as part of its inspection…
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Citing 'Massive Fraud' Affecting More Than 1,500 Filings, SEC Suspends and Fines Audit Firm
Accounting
The Securities and Exchange Commission (SEC) has charged, audit firm BF Borgers CPA PC with “massive fraud, fining it…
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Auditors Push Back Against PCAOB Proposals for Broadened Role
Auditing
Auditors are objecting to recent proposals by the Public Company Accounting Oversight Board (PCAOB), saying that the new…
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PCAOB to Hold Forums for Small Firms in Five Cities This Year
Auditing
The Public Company Accounting Oversight Board (PCAOB) will host a series of five in-person forums this year on auditing in…
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PCAOB Assesses Record Fine Against KPMG Netherlands for Exam Cheating and Cover-Up
Auditing
KPMG’s Netherlands unit was fined $25 million by the Public Company Accounting Oversight Board (PCAOB) over claims of exam…
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PCAOB Proposes New Reporting Requirements for Audit Firms
Auditing
The Public Company Accounting Oversight Board (PCAOB) voted to propose two new reporting requirements to impose on auditing…
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Federal Agency Recommends Audits of AI Systems to Ensure Transparency and Accountability
Auditing
The U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) released its AI…
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PCAOB Continues to Ramp Up Enforcement
Auditing
In 2022 and 2023, the Public Company Accounting Oversight Board (PCAOB) intensified its enforcement efforts significantly…
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Report: SEC Increased Accounting and Auditing Enforcement in FY 2023 but Recovered Less Money
Accounting
The Securities and Exchange Commission (SEC) increased its accounting and auditing enforcement activity in fiscal year 2023,…
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