Audit

PCAOB inspections will take place in Hong Kong under a preliminary agreement reached between American and Chinese regulators to avoid delisting.

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

After a decades-long impasse that led to a threat to kick about 200 Chinese firms off New York stock exchanges, PCAOB inspectors may soon get their first look under the hood of some of China's largest corporations.

PCAOB sanctions Canadian firm over noncooperation with inspections

The Center for Audit Quality introduced a new high school curriculum to expose students to accounting careers and grow a more diverse talent pipeline.

The legislation would deter the Internal Revenue Service from using the $80 billion in extra funding from the Inflation Reduction Act to increase audits of taxpayers earning under $400,000 per year.

The Securities and Exchange Commission charged several investment advisors with combined penalties of $1 million for violating the Investment Advisors Act's Custody Rule.

The warning follows several businesses switching to U.S. auditors amid an ongoing dispute between regulators in Washington and Beijing.

PricewaterhouseCoopers pointed to progress in its audit practice on a number of fronts, including on inspections, training and diversity.

The firm discovered during an audit in December that it had made an error in processing seven months earlier.