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PCAOB issues guidance on evaluating reliability of electronic audit evidence
A new staff publication outlines how auditors should assess the trustworthiness of external information that companies provide in electronic form.
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PCAOB imposes $100k civil money penalty on New York-based audit firm
A failure to adhere to standards for communications between predecessor and successor auditors is at the heart of the violation.
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‘This industry is a joke’ says Senate subcommittee report calling out KPMG
The report states that the audit firm left depositors and investors unaware of the banks’ deficient recordkeeping, troubled risk management, and other concerning practices.
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PCAOB’s Broker-Dealer Audit Focus Series: Reviewing exemption reports
The auditor’s objective is to state whether one or more conditions exist that would cause one or more of the broker-dealer’s assertions not to be fairly stated.
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Dutch regulator takes a hard line on audit integrity
Joint investigations lead to fines as AFM collaborates with US Public Company Accounting Oversight Board (PCAOB) and takes direct action against local firm.
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PCAOB dings two firms for violations related to audit recordkeeping and disclosure
Failure to document and disclose work leads to fines totalling $50,000.
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GRIP Extra: House of Representatives bans WhatsApp, Germany plans to ban DeepSeek
Our in-brief roundup of notable stories from last week.
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SEC’s Atkins signals ‘return to regular order’ at Senate subcommittee
“Regulation should be smart, effective, and appropriately tailored within the confines of our statutory authority,” Atkins said.