Audit

The Public Company Accounting Oversight Board sanctioned Heaton & Co. and one of its partners, Kristofer Heaton, for failing to properly document five audits.

The Securities and Exchange Commission is making plans in case it inherits the Public Company Accounting Oversight Board's duties if the tax bill passes.

Extreme weather events like wildfires and hurricanes could drop corporate earnings up to 7.3% by 2035, KPMG's 2025 Futures Report found.

Seventy percent of U.S. audit clients are ready to change firms within the next three years, according to an Inflo report.

Plus, Paychex releases accountant portal; Avalara launches APIs for 1099, W-9 solutions; and other accounting tech news.

Audit partners' pessimism about the U.S. economy surged from 10% in the fall to 44% today, according to a Center for Audit Quality report.

Big Four firm PwC announced it can now provide assurance on AI systems to see if they've been designed and operated responsibly.

Fieldguide released Field Agents for Financial Audits, which comes with an agentic AI "Audit Testing Agent" to automatically execute the testing workflow.

The Top 25 Firm based in Raleigh, North Carolina, has acquired a Denver-based firm with an extensive business in fund audits.

The Big Four firm faces an exodus of Hong Kong partners amid the fallout from its audit of Evergrande.