PCAOB

The board is finding deficiencies in about one-third of the audits it inspected in 2021.

The average number of critical audit matters per audit report has declined over time, while the proportion of audit reports that communicate only a single CAM has increased.

The board levied sanctions and fines totaling $7.7 million against three of KPMG's member firms in the U.K., India and Colombia.

Auditing firms can expect enhanced inspections, strengthened enforcement and higher penalties, says Public Company Accounting Oversight Board Chair Erica Williams.

The board announced the launch of its new Technology Innovation Alliance working group, meant to advise the audit overseer on issues with emerging technology.

The Public Company Accounting Oversight Board proposed significant changes in the requirements for firms' QC systems, modernizing standards in place for decades.

Officials from the two boards discussed their work on upcoming auditing and accounting standards as they adjust to changing agendas and expectations.

Dozens of Public Company Accounting Oversight Board inspectors are set to leave Hong Kong as soon as this weekend.

The Public Company Accounting Oversight Board appointed James McNamara as its first-ever chief operating officer

The Public Company Accounting Oversight Board has named Barbara Vanich as its chief auditor after she served as acting chief auditor for nearly two years.