PCAOB Suggests What Auditors Should Ask Before Accepting an Engagement
The Public Company Accounting Oversight Board has issued Engagement Acceptance , a publication in the Board’s Audit Focus series. ...
AFC Reports on the Financial Reporting Fraud Enforcement Landscape
The Anti-Fraud Collaboration (AFC), a group consisting of the Center for Audit Quality, the Financial Executives International, the...
PwC Offers Ideas for Audit Committee Priorities
Q2 Audit Committee Guide , a new publication from PwC’s Governance Insights Center, discusses nine topics that audit committees should...
KPMG: What Audit Committees Should Know About Tariffs and Financial Reporting
KPMG has released Tariffs Uncertainty: Ask the right financial reporting questions . The paper, which KPMG describes as “a briefing...
The SEC Begins to Shake Up the PCAOB
As discussed in The PCAOB Dodges the Bullet , June-July 2025 Update , legislation to merge the PCAOB into the SEC as part of the 2025...
PCAOB Releases Part II of BDO’s 2019 Inspection Report
On July 23, the Public Company Accounting Oversight Board released previously nonpublic portions of BDO USA’s 2019 inspection report ....
COSO Withdraws its Corporate Governance Framework
On July 16, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) withdrew its draft Corporate Governance Framework...
GAO Finds that SOX Costs are Proportionally Higher for Smaller Companies
The Government Accountability Office (GAO) has issued a report on the costs of compliance with Section 404 of the Sarbanes-Oxley Act...
Can You Spell Your Audit Partner’s First Name? The Answer May Affect Earnings
An academic study that will appear in a forthcoming issue of Contemporary Accounting Research finds that audit partners with...
PwC on Audit Committee Oversight of AI
PwC’s Governance Insights Center has released Oversight in the AI era: understanding the audit committee’s role . The report discusses...
Sustainability Disclosure and Assurance Have Caught on Big-Time
Sustainability reporting is almost universal among the world’s largest companies, and third-party assurance over sustainability...
COSO Unveils its Corporate Governance Framework
On May 27, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a public exposure draft of its Corporate...
The PCAOB Dodges the Bullet
As discussed in Is This the End of the PCAOB? May 2025 Update , the House Financial Services Committee included in the 2025 budget...
The FCPA is Back Online
As discussed in President Puts FCPA Enforcement on Hold , February 2025 Updat e , on February 10, President Trump issued an Executive...
Paul Atkins Takes the Wheel at the SEC
On April 21, Paul Atkins took office as Chair of the Securities and Exchange Commission. Â Chair Atkins served previously as a member of...
2024 PCAOB Conversations with Audit Committee Chairs
The PCAOB has released Spotlight: 2024 Conversations With Audit Committee Chairs  ( 2024 Conversations Report ), its annual summary of...
Accounting Class Action Count Didn’t Change Much in 2024, But Smaller Companies Were More at Risk
In its annual report on accounting-related class actions, Accounting Class Action Filings and Settlements—2024 Review and Analysis ,...
The CAQ on the Auditor’s Role in Climate Disclosure
The Center for Audit Quality has released The Role of the Auditor in Climate-Related Information . Â This paper provides insight into the...
Who Audits Public Companies? Large Firms Dominate, Although the Pie is Shrinking
Two recent reports on the market for public company audits indicate that the largest firms continue to dominate, although they are moving...
Is This the End of the PCAOB?
The 2025 budget reconciliation bill, which passed the House of Representatives on May 22, includes a provision  that would abolish the...