PCAOB

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.

The Public Company Accounting Oversight Board imposed a $30,000 civil penalty against K.R. Margetson and its sole partner for quality control violations and revoked his firm's registration for a year.

These are the first sanctions ever against a firm over independence violations because it's a member of an alliance where another firm did work for the same client.

It also imposed $150,000 in fines, for failures of independence and professional skepticism, and for not cooperating with a board investigation.

The board continues its aggressive approach to oversight, announcing several hundreds of thousands of dollars in penalties on several auditors in a single week.

The suggestions in board chair Erica William's recent Wall Street Journal op-ed could have troubling ramifications for auditors and their clients.

The board saw high rates of deficiency last year, with little to no improvement over prior years.

Several prominent trade groups are objecting to the board's proposed changes in auditing standards related to noncompliance with laws and regulations.

The board is looking for nominations for new members of its Investor Advisory Group and its Standards and Emerging Issues Advisory Group.

The Center for Audit Quality is working to convince the board to water down a proposed update telling auditors to be on the lookout for fraud and other signs of noncompliance.

The board disciplined five auditing firms for violating its rules and standards when communicating with audit committees.

He reiterated that American officials must be able to review the audit papers of Chinese companies that trade in the U.S.

The board announced 369 accounting and auditing students will receive $10,000 in scholarships as part of its PCAOB Scholars program.

The board's inspectors are finding 'unacceptable' levels of problems at auditing firms, with year-over-year increases once again.

The board unveiled six new search filters for its inspection report database, allowing new ways to compare and analyze reports.

The more KAMs disclosed in an audit report, the higher the distress level of a company, according to a new study