Audit

At a time when many crypto companies have seen their fortunes plummet, one corner of the industry is thriving: auditing.

There were signs of improvement in terms of audit engagements and quality control systems.

At this rate, 2022 penalties will eclipse annual penalties levied in 2019, 2020 and 2021.

The company is shifting course as global regulators crack down on digital asset services.

Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.

The board sanctioned the Big Four firm's member firm in South Korea and two of its former auditors for violating quality standards.

The audit assistance provider aims to provide CPA firms with access to on-demand audit talent.

The add-on aims to help manage downstream risks from third parties.

The board aims to modernize standards, enhance inspections, strengthen enforcement and improve organizational effectiveness.

Gary Gensler has been encouraging the PCAOB to update more of the standards to take into account the way firms are working today.