PCAOB

The Public Company Accounting Oversight Board imposed $3.375 million in fines on KPMG firms in Australia, Brazil, Canada, Israel, Italy, Mexico, South Korea, Switzerland and the U.K.

Enforcement activity was more muted in the second half of the year, due to a Supreme Court decision and multiple lawsuits against the PCAOB, says a new report.

The Public Company Accounting Oversight Board posted a new "knowledge check" to help auditors gauge their understanding of AS 2310.

The Public Company Accounting Oversight Board sanctioned Natalie Murphy, a former partner at Heaton & Company, for violating rules and standards.

The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.

The PCAOB censured the firm, imposed a $2.75 million fine and instituted quality control requirements.

CBIZ and Mayer Hoffman McCann had been operating under an alternative practice structure long before many other firms began adopting one after a PE investment.

Under the new administration, accountants can expect a lighter hand from the Public Company Accounting Oversight Board and other regulators.

The board has posted a series of "knowledge checks" to help auditors gauge their understanding of its new quality control standard.

The PCAOB sanctioned Gabriel Jaime López Díez, a former Deloitte Colombia partner, for issuing an audit report before completing all necessary audit procedures.