Audit standards

Demetrios Logothetis outlined his plans for revamping the PCAOB's audit firm inspection program and its new quality control standard.

Ever since the AICPA released new quality management standards, firms have raced to implement them. But like a fitness tracker, the system itself is not the transformation.

The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.

The Public Company Accounting Oversight Board posted updates to its projects as it waits for public comments on its 2026-2030 strategic priorities.

The Institute of Internal Auditors is calling on lawmakers and policymakers to strengthen their oversight of prediction markets such as Kalshi and Polymarket.

A lender that owns the auto parts supplier's debt sued BDO USA alleging it failed to detect problems before the company collapsed into bankruptcy.

The Institute of Internal Auditors is enhancing its Certified Internal Auditor Challenge Exam with a new experienced-based pathway pilot and updates for Global Internal Audit Standards.

The profession needs to engage seriously with whether the binary audit opinion remains the right product for the public interest it is meant to serve.

The American Institute of CPAs' Auditing Standards Board posted a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030.

The American Institute of CPAs' Auditing Standards Board proposed a set of updates to its attestation standards regarding sustainability and other emerging assurance issues.

The Securities and Exchange Commission is making extensive changes in auditing and accounting as it continues to deregulate under the Trump administration.

The International Auditing and Assurance Standards Board has decided to pursue guidance for applying current standards to uses of emerging technology, like AI.

The Auditing Standards Board will be proposing a set of updates to its attestation standards to address sustainability information and other assurance issues.

The PCAOB sanctioned audit firm Zwick CPA, its owner Jack Zwick and audit manager Jeffrey Hoskow for violations related to an audit of Genie Energy.

The Institute of Internal Auditors has released its latest "topical requirement," this time on organizational behavior as part of a company's culture.

The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international standard-setters.

The acting chair of the Public Company Accounting Oversight Board outlines his vision for defining audit quality, highlights private equity concerns, and calls for AI guardrails.

With the latest AICPA quality management standard, SQMS 1, firms will have to take a more holistic approach to quality.

The Public Company Accounting Oversight Board released staff guidance to help auditors implement Paragraph .10A of AS 1105, "Audit Evidence."

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.