All Preparer Updates

The PCAOB has proposed to modernize PCAOB standards that address core auditing principles and responsibilities, such as due professional care and professional skepticism.

The PCAOB sanctions Friedman LLP for improper use of unregistered Chinese firms.

The PCAOB announces agenda for the March 30 meeting of its Standards and Emerging Issues Advisory Group.

About the PCAOB

The PCAOB will hold an open meeting on Tuesday, March 28, 2023, at 10:00 a.m. ET to consider issuing for public comment a proposal to modernize PCAOB standards that address core auditing principles and responsibilities.

Investor Advisory - Exercise caution with third-party verification/proof of reserve reports.

Information for Investors

The PCAOB announces the agenda for the March 9 meeting of its Investor Advisory Group.

About the PCAOB

The PCAOB expects firms to remedy quality control deficiencies. Read our staff report to learn more.

PCAOB Chair Erica Y. Williams applauds congressional action to shorten the Holding Foreign Companies Accountable Act’s timeline.

The PCAOB sanctions six firms for failing to make required disclosures.

The PCAOB sanctions EY Canada engagement partner for flawed auditing of management estimate.

The PCAOB sanctions firm and partner for numerous violations of standards related to documentation and quality control.

The PCAOB has issued for public comment a proposal to strengthen and modernize its requirements for the auditor’s use of confirmation.

The PCAOB sanctions three individuals for violating PCAOB standards on relationships between a company and its related parties.

The PCAOB secures complete access to inspect and investigate Chinese firms for the first time in history.

The PCAOB will hold an open meeting on Tuesday, December 20, 2022, at 10:00 a.m. ET to consider issuing for public comment a proposal to strengthen and modernize requirements for the auditor’s use of confirmation.

The PCAOB issues interim analysis report and staff white papers related to impact of estimates and specialists requirements.

Audits with deficiencies increased in 2021, according to a new PCAOB staff report.

The PCAOB issues interim analysis report and staff white papers related to impact of critical audit matters.

Imposing $7.7 million in fines, the PCAOB sanctions three firms and four individuals from KPMG global network.

The PCAOB launches the Technology Innovation Alliance Working Group.

About the PCAOB