PCAOB

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

The board sanctioned the Top 20 Firm for failing to disclose SEC disciplinary proceedings within five months.

U.S. audit officials have started a fresh round of inspections of New York-listed Chinese companies in recent weeks as tensions mount between the world's two largest economies.

The Supreme Court will review a ruling that cast a constitutional cloud over the use of in-house judges to handle cases pressed by the Securities and Exchange Commission.

The board wants to address the greater use of technology by auditors, especially when it comes to analyzing information in electronic format.

Board staff released a spotlight report to provide food for thought for committee members about fraud risks, cybersecurity, digital assets, critical audit matters and more.