Audit News from Accounting Today

PCAOB adds to advisory groups; Schneider Downs transitions to single CEO structure; and more news from across the profession.

The Auditing Standards Board will be proposing a set of updates to its attestation standards to address sustainability information and other assurance issues.

The Public Company Accounting Oversight Board posted a staff report on testing transactions between broker-dealers and related parties.

Audit AI solutions provider Fieldguide announced a $75 million Series C round.

The SEC named Demetrios "Jim" Logothetis as chairman of the PCAOB, and Mark Calabria, Kyle Hauptman and Steven Laughton as board members.

The pros and cons of Trump's pitch to move from quarterly financial reporting to semiannual are not as clear-cut as either side thinks.

The SEC charged Archer-Daniels-Midland Company and its three former executives with accounting and disclosure fraud.

Larger transactions and the resurgence of SPACs are reshaping the market, increasing the stakes for accurate, timely, and well-informed accounting decisions.

Plus, Schneider Downs Digital launches AI finance companion; Ramp introduces live budget tracking; and other accounting tech updates.

The Securities and Exchange Commission approved a decreased budget for the Public Company Accounting Oversight Board, plus a lower accounting support fee and salaries.

AICPA president and CEO Mark Koziel told accountants about challenges to the credential from the federal government, states, companies and even accounting firms.

Regulators officially approved 30 more funds last month, with more expected authorizations in 2026. Will financial advisors and their clients bite?

The PCAOB sanctioned audit firm Zwick CPA, its owner Jack Zwick and audit manager Jeffrey Hoskow for violations related to an audit of Genie Energy.

The overhaul at the board continues as William Ryan succeeds Robert Rice, who is retiring at the end of the year.

The board is recommending a 2026 budget that is 9% below its 2025 budget.

The PCAOB found that Jennifer Crofoot, a CPA then working as an audit partner at Fruci & Associates II, violated rules and standards in connection with four audits.

The Public Company Accounting Oversight Board appointed Erik Durbin as acting chief economist and director of its Office of Economic and Risk Analysis.

The Public Company Accounting Oversight Board has reached a deal with the Cyprus Public Audit Oversight Board.

The Institute of Internal Auditors has released its latest "topical requirement," this time on organizational behavior as part of a company's culture.

A significant proportion of firms have yet to implement new audit technologies and methods, citing poor training, lack of quality data, lack of systems access and lack of funds as the primary reasons.