Audit preparation

The Public Company Accounting Oversight Board released its annual inspection reports for the largest six audit firms, indicating better results.

Fieldguide added new financial audit capacities to handle drafting, reviews and disclosures plus a way to connect with other AI models directly.

Meanwhile, KPMG and Grant Thornton led in terms of new engagements among the largest audit firms.

The Public Company Accounting Oversight Board today established a firm consultation process to help provide firms with more timely and consistent guidance.

Deficiency rates in audits of broker-dealers declined in 2025, according to the Public Company Accounting Oversight Board — particularly for auditors that perform a large number of engagements.

The Financial Reporting Council is probing accountancy firms linked to Market Financial Solutions Ltd., a mortgage lender backed by multiple Wall Street banks.

The Public Company Accounting Oversight Board is forming a new advisory body called the Inspections Modernization Council — and it is looking for experts to apply.

Big Four firm KPMG signed 17 new SEC audit engagements, followed closely by Deloitte, CBIZ and Carr Riggs & Ingram.

In its 2025 annual report, the PCAOB found that 60% of registered firms did not perform issuer, broker-dealer or substantial-role audits.

The International Forum of Independent Audit Regulators released a report summarizing its annual survey of inspection findings from audit regulators around the world.

Ideagen Audit Analytics' annual report on the audit landscape shows the market share landscape remaining much the same.

Canada's top securities regulator alleged that KPMG failed to properly value the loans held within funds, harming investors.

The case may reveal how far auditors can be held accountable for their work on insolvent companies accused of fraudulent accounting.

The number of accounting-related securities class action filings plummeted 40% last year, according to a new report, but the total settlement value rose 40%.

Big deals for CBIZ and Baker Tilly put them at the top of the league tables for new public company audit engagements for all of 2025.

The Audit Practitioner Fellowship Program will allow auditors to share their expertise with PCAOB staff.

The Canadian Public Accountability Board published individual auditing firm inspection reports for the first time, marking a significant milestone.

The Public Company Accounting Oversight Board has reached a deal with the Cyprus Public Audit Oversight Board.

HTL International netted the most new Securities and Exchange Commission engagements in the third quarter of 2025, followed by CBIZ and KPMG.

Audit teams with a greater number of women provide higher-quality audits at a lower cost, according to new research.