PCAOB

The commission charged the firm with systemic quality control failures and violations of audit standards, mainly in connection with its audits of SPAC clients.

The board is seeing risks from the use of cryptocurrency assets.

The board fined Barzily & Co. $50,000 and is requiring it retain a consultant to improve quality control.

The proposal would toughen the requirements for the auditor's responsibility to consider a company's noncompliance with laws and regulations, including fraud. 

The board is adding two new projects planned for short-term action, along with four new projects aimed at improving its rules to protect investors.

The Public Company Accounting Oversight Board found problems in its initial audit firm inspections in China.

Board chair Erica Williams warned accountants that inspectors have been uncovering more deficiencies.

The changes aim to increase transparency and provide more information to investors and other stakeholders. 

A new report reminds auditors of the need to critically assess their own firm's capabilities and get a better understanding of the company they're auditing.

The board issued a staff report warning of high rates of deficiencies at special purpose acquisition companies.

Inspectors with the board listed their top priorities for inspections this year in a new staff report.

Texas CPA Michelle Cochran can challenge the constitutionality of her administrative law judge in federal court before undergoing an administrative adjudication.

Singapore-based RT LLP was sanctioned for quality control failures, documentation issues, and for failing to file Form AP.

The Public Company Accounting Oversight Board voted to update a group of old interim standards it inherited from the AICPA in 2003.

The board levied a $100,000 fine and censured Friedman LLP, a former Top 100 Firm that's now part of Marcum for improper use of Chinese audit firms.

PKF Texas appoints next business advisory practice leader; BST & Co. hires marketing strategist; and more accounting news.

The board warned investors to exercise caution when it comes to the so-called "proof of reserve" reports that some cryptocurrency companies have been touting.

The move signals continued concerns about data security even after Beijing reached a landmark deal to allow U.S. audit inspections on hundreds of Chinese firms listed in New York.

The board increased its enforcement activity significantly in 2022 and levied record-setting penalties.

CFOs have been adjusting to higher interest rates and inflation over the past year, but finding the right people is still a priority at many companies.