Audit

The board brought 34 actions against 45 respondents and imposed a record $35 million in penalties in the first half of 2024.

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

The investment firm late Monday said it couldn't file its quarterly report with regulators on time, due to problems in valuing its loans and investments

China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.

The Public Company Accounting Oversight Board announced its largest-ever cohort of students will receive $15,000 each, up from $10,000 in previous years.

Plus, CAQ releases generative AI guide for audit committees; US Bank announces new AR solution; and other accounting tech news.

PwC announced the rollout of its new ChatNational large language model AI for internal staff, which is designed exclusively for research questions versus the more general use ChatPwC

A recently introduced Senate bill would direct the federal government to develop third party audit standards for AI.

High-income backdown; Direct File collision; the vaping excise mess; and other highlights from our favorite tax bloggers.

Generative AI continues to build in the accounting world, as both KPMG and Armanino announced new capacities in their respective audit tools.