Audit preparation

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.

Chief obstacles; tax illiteracy; what makes a great preparer; and other highlights from our favorite tax bloggers.

The PCAOB found multiple deficiencies in every audit it reviewed from BF Borgers over the past two annual checks.

Friction simmers within the audit industry following the Public Company Accounting Oversight Board's controversial June 2023 proposal to revise its standard on noncompliance with laws and regulations.

Overall new client additions — and departures — continue to rise, thanks to M&A.

The Public Company Accounting Oversight Board sanctioned an Israeli auditor and her firm for violating the PCAOB's rules in several audits, imposing a $200,000 penalty.

GreenGrowth CPAs dominated the league tables in the last quarter of 2024, adding 30 new clients through two acquisitions.

The Public Company Accounting Oversight Board revoked the registration of Gries & Associates and its founder, while imposing a $65,000 fine for violations that led to multiple financial restatements.

CTA unconstitutional; AI and your practice; 30 years and counting; and other highlights from our favorite tax bloggers.

A roundup of the flood of sanctions, fines and penalties issued over the past year or so by the PCAOB.

Despite suggestions to the contrary, audits remain valuable and serve a grander purpose.

Auditors are including CAMs in more of their opinions but disclosing fewer CAMs per opinion, according to an Ideagen report.

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.

The engagement partner and engagement quality review partner on the audit of Mexican steelmaker owe a combined $165,000.