It’s Another All-Time High! Audit Fees Rose Again in 2023
Two annual reports on audit and other fees paid to auditors have been released, and both reach the same conclusion: Fees hit a new high...
Six Large Firms Describe Their Commitment to Audit Quality
The U.S. members of the six global network accounting firms issue annual audit quality reports. These reports describe the firm’s...
SEC Sidetracks PCAOB Engagement Metrics and Firm Reporting Rules
The Securities and Exchange Commission has postponed its decision whether to approve the PCAOB’s firm and engagement performance metrics...
What Should be on the Audit Committee’s 2025 Agenda? – Part II
The December 2024 Update included discussion of four papers that suggest issues on which audit committees should focus in 2025. See...
California Will Go Easy on Enforcement of GHG Emissions Reporting in 2026
The California Air Resources Board (CARB) has announced that it will not take enforcement action during the first reporting year against...
PCAOB Outlines 2025 Inspection Priorities and What Audit Committees Should Ask Their Auditor
The Public Company Accounting Oversight Board’s inspection staff describes its priorities for 2025 in Spotlight: Staff Priorities for...
SEC Enforcement in 2024: Fewer Cases But More in Penalties
The total number of SEC enforcement actions of all types fell 26 percent in FY 2024, but the financial remedies ordered rose to an...
PCAOB Reports on the Link Between Audit Firm Culture and Audit Quality
In September 2023, the Public Company Accounting Oversight Board’s inspection staff launched an initiative to examine whether audit firm...
What Should be on the Audit Committee’s 2025 Agenda?
At the end of each year, many accounting and consulting firms present their views on the issues on which audit committees should focus...
PCAOB Describes Common Auditor/Audit Committee Communications Glitches
The Public Company Accounting Oversight Board’s staff has issued a publication in the Audit Focus  series highlighting auditor...
Audit Committee Nonfinancial Oversight Responsibilities Continue to Expand
In How board committee responsibilities and structures are changing , the EY Center for Board Matters explores changes in board committee...
PCAOB Adopts Pared Back Engagement Performance Metrics and Audit Firm Reporting Rules
On November 21, the Public Company Accounting Oversight Board adopted rules  that will require registered accounting firms to disclose...
PCAOB Puts NOCLAR on Hold but Reminds Auditors of Their Illegal Acts Responsibilities
On November 15, Accounting Today  reported  that the PCAOB will not take further action this year on its controversial proposal to...
SEC Sanctions Four Companies for Misleading Solar Winds Breach Disclosures
The Securities and Exchange Commission has filed enforcement actions against four companies alleging that each made misleading...
CAQ and IAA: Companies are Saying More About Their Board’s Cyber and ESG Expertise
The Center for Audit Quality (CAQ) and Ideagen Audit Analytics (IAA) have released Audit Committee Transparency Barometer 2024 Â (...
Deloitte Has Suggestions for Audit Committee Support of the New Internal Audit Standards
Deloitte’s Center for Board Effectiveness has released Governing a relevant, effective, and valued internal audit function , a...
SEC Charges that Personal Friendship with an Executive Undermined Director’s Independence
The SEC has charged James R. Craigie, a former director of consumer goods packaging manufacturer Dwight & Church Co., Inc., with...
PCAOB Releases 2020 Criticisms of Grant’s Quality Control
On October 24, the Public Company Accounting Oversight Board released three previously nonpublic portions of Grant Thornton’s 2020...
California Tweaks its Climate Disclosure Law But Reporting Deadlines are Unchanged
The California legislature has passed, and Governor Newsom has signed, Senate Bill 219 , which makes minor changes to California’s...
EY: Cybersecurity Disclosure Continues to Grow Along with Cyber Risks
The largest U.S. companies are disclosing more information about cybersecurity. That is the central finding of the 2024 edition of the EY...