PCAOB

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Auditor disclosures of client-specific quantitative materiality thresholds, which are required in the U.K. but not the U.S., could be encouraging some businesses to massage their earnings reports.

The board's target team shared the results of its in-depth exploration of emerging audit risk.

The board released a staff report outlining its inspections plans and highlighting key risks.

The deal saved hundreds of Chinese companies in the U.S. from being booted off American stock exchanges but has done little to revive the flow of initial public offerings.

The Securities and Exchange Commission approved the board's 2024 budget totaling $384.7 million, up approximately 10%.

The Securities and Exchange Commission's chief accountant cautioned auditors and public companies about the statement of cash flows after spotting problems that could lead to a financial restatement.

The most influential people in the field, as chosen by their peers.

The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.

The board levied penalties against three firms in China, including member firms of PricewaterhouseCoopers that it found were improperly sharing answers to exams.

Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties.

The board voted to approve a new budget for fiscal 2024, and revealed it surpassed last year's record amount of fines.

The audit overseer hit at least nine different firms, with fines totaling approximately $4 million.

The board has revised its standard-setting, rulemaking and research agendas for the year ahead after a series of unprecedented changes this past year.

George Botic succeeds the commission's longest-serving member, Duane DesParte, whose second term ended Tuesday.

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.

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