Audit preparation

The PCAOB's aggressive enforcement agenda overshadows the profession's achievements.

The unexpected demise of an audit firm proved to be a boon for many small auditors.

Auditor independence is an area of common deficiencies year after year, according to PCAOB inspections.

The Public Company Accounting Oversight Board staff released a report Monday on last year's banking crisis.

KPMG US has established an independent advisory committee to improve its audits amid tougher inspections and enforcement.

A new set of inspection reports of the most frequently inspected firms has been released earlier than usual.

The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.

Going concern opinions have slowly decreased over the last two decades, with the exception of spikes during the 2008 financial crisis and the years of the COVID-19 pandemic.

The Big Four firm netted the most new SEC audit clients in the first quarter, followed closely by Deloitte.

The role of the internal auditor is expected to change drastically in the decade to come, according to a new report by the Institute of Internal Auditors.