PCAOB_News
@PCAOB_News
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Official PCAOB account. We oversee audits of public companies & SEC-registered broker-dealers. If you want to submit a tip, please do so at [email protected].
Washington, DC
Joined April 2012
The PCAOB has sanctioned an audit partner for improperly and repeatedly altering workpapers in two PCAOB inspections and a PCAOB investigation.
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A new PCAOB staff report shares observations – including common audit deficiencies, reminders, and good practices – that are designed to help audit firms ensure appropriate procedures are performed when using the work of a specialist.
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The PCAOB posts 17 new inspection reports, 11 expanded reports, and 1 updated report.
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The PCAOB has posted a staff presentation video designed to help firms and auditors understand a firm’s risk assessment process under the PCAOB’s new quality control standard.
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The PCAOB seeks a Senior Internal Auditor who will conduct internal audits, reviews, and inquiries to help assure the efficiency, integrity, and effectiveness of PCAOB programs and operations.
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Continuing its efforts to support smaller audit firms, the PCAOB has launched a new online resource page: Information for Smaller Audit Firms. The page features PCAOB content tailored for smaller firms, including publications, videos, and more.
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A new PCAOB staff publication can help auditors address deficiencies related to journal entries. Read the latest Audit Focus: Watch the video that details the common deficiencies related to journal entries.
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The PCAOB seeks a Chief Hearing Officer who oversees and manages the PCAOB Office of Hearing Officers and its staff to carry out the PCAOB’s adjudicatory functions under the Sarbanes-Oxley Act and PCAOB rules.
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The PCAOB seeks a Data Architect who will create the architecture and blueprints for building modern cloud-based data systems and capabilities that align with business strategy and technology standards while ensuring data security and compliance.
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As recognized in PCAOB auditing standards, when financial statements are materially misstated due to fraud, manipulation of journal entries is often involved. This edition of Audit Focus provides auditors with reminders, good practices, and more on journal entries.
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The PCAOB has sanctioned SS Accounting and Auditing Inc. and its partner and sole owner for violations of various PCAOB rules and standards in connection with audits of a U.S.-listed public company headquartered in China.
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Imposing a $500,000 fine, the PCAOB has sanctioned Baker Tilly US, LLP for quality control violations. The PCAOB has also required the firm to engage an independent consultant and conduct training for all issuer audit staff.
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The PCAOB posts 11 new inspection reports and two expanded reports:
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The PCAOB seeks an Associate Director of Infrastructure and Operations who will be a key strategic leader responsible for the design, implementation, and maintenance of the PCAOB’s IT infrastructure and operations.
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Read Chair Williams’ statement on the SEC’s approval of a PCAOB rule amendment to enhance the usefulness of audit firm registration information.
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Check out our latest Audit Focus on Audit Committee Communications: Audit Focus is a series of PCAOB staff publications that aims to provide brief and actionable insights for auditors, especially those who audit smaller public companies.
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The PCAOB seeks a Board Counsel who will advise the Board Member on matters that come before the Board, including proposed auditing standards, enforcement matters presented to the Board, proposed inspection reports, and more.
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To protect investors, the PCAOB is modernizing standards and rules that are in most cases at least 20 years old. Learn about the progress we made on this critical strategic goal in 2024.
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Inspecting audit firms is one of the most important tools the PCAOB uses to protect investors. In 2024, we made significant progress to enhance our inspections.
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The PCAOB’s mission is simple: protect investors. Learn about how we executed our mission in 2024 by continuing our work to strengthen our enforcement.
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