PCAOB

The board imposed a $175,000 fine on Smythe LLP, a Vancouver-based firm, for violating its rules and quality control standards on four audits.

A lawyer questions whether expanded regulatory enforcement powers will lead to better-quality audits.

The PCAOB released a report that found 42% of auditing firms got at least one quality control criticism related to engagement quality reviews.

The commission charged the Top 100 Firm with violating auditor independence rules on many occasions.

NJCPA launches 14th annual food drive; Mazars elects five new partners and principals; and more news from across the profession.

The standard reflects the many changes in technology, communications and business practices since an interim standard was first adopted decades ago.

The commission appointed a CPA who has served as director of the board's Division of Registration and Inspections.

The Public Company Accounting Oversight Board sanctioned a Deloitte member firm in South America for violating quality control standards.

The board levied a $2 million penalty against the Chicago-based Top 10 Firm for violating its auditing rules and standards, and sanctioned two of its audit partners.

The board issued a proposal to amend its rule for an individual auditor's or firm's contributory liability for knowingly or recklessly contributing to violations.