Audit preparation

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.

The Public Company Accounting Oversight Board levied sanctions against firms in the U.S., Canada and the United Arab Emirates for violating various rules and standards.

The Public Company Accounting Oversight Board's amendments will make it easier to hold auditors accountable for violations, among other things.

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors.

China may suspend some of the global auditor's local operations over its role in one of the nation's biggest alleged financial fraud cases.

Traditional audits may hinder business growth potential as accounting firms are slow to embrace modern approaches, according to an Inflo report.

The Public Company Accounting Oversight Board has levied a $400,000 fine against MaloneBailey and sanctioned the auditingfirm for pervasive quality violations.

These investment vehicles present obstacles that require a deep understanding of the real estate industry and robust financial expertise.

Two recent cases show how a lack of rigorous oversight and real consequences is impacting the profession.

The Public Company Accounting Oversight Board sanctioned three auditors from Florida's Liggett & Webb.

The company appointed Semple, Marchal & Cooper after the permanent suspension of its former auditor.

The board released a report highlighting special auditing considerations in the commercial real estate market.

A staff report from the Public Company Accounting Oversight Board recommends digging into the factors underlying firm deficiencies.

The PCAOB Investor Advisory Group is accepting public nominations for the most decision-useful CAMs or KAMs of 2023.

The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami, and Jersey City.