Audit News from Accounting Today

Investors mostly favor the continued use of quarterly reporting and rejected the SEC's recent proposal for a semiannual reporting option, according to a survey.

The finance AI conversation has been dominated by capability. The next one is about governance, and most of the agents shipping in 2026 will not survive it.

Deficiency rates in audits of broker-dealers declined in 2025, according to the Public Company Accounting Oversight Board — particularly for auditors that perform a large number of engagements.

Demetrios Logothetis outlined his plans for revamping the PCAOB's audit firm inspection program and its new quality control standard.

A reader responds to concerns about the interactions of auditors and artificial intelligence.

Ever since the AICPA released new quality management standards, firms have raced to implement them. But like a fitness tracker, the system itself is not the transformation.

AI is changing accounting, but removing humans from the loop is the fastest way to destroy the profession.

Accountants don't have to wait for a major catastrophe to act on governance and oversight of AI as the systems become more enmeshed in workflows and decisions.

The Public Company Accounting Oversight Board is forming a new advisory body called the Inspections Modernization Council — and it is looking for experts to apply.

AI governance is awaiting its Ferdinand Pecora, counsel to the Senate Banking Committee in the 1930s, who built the evidentiary foundation for every protector system that followed.

The Securities and Exchange Commission's proposal for a semiannual reporting option has quickly provoked debate.

Audit solutions provider Caseware launched an intelligence and orchestration layer operating across the engagement lifecycle.

The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.

Will the profession wait for the AI equivalent of 1929 before applying what it already knows? The answer begins with examining what the current AI assurance landscape provides and what it does not.

Technology is not replacing accountants. But it is changing what accounting work involves, and the change is further along than most realize.

The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.

Big Four firm KPMG signed 17 new SEC audit engagements, followed closely by Deloitte, CBIZ and Carr Riggs & Ingram.

Internal auditors are facing a heightened risk of fraud at organizations as schemes change and internal controls weaken over time, according to a new report.

The idea of semi-annual reporting is a guaranteed self-inflicted disaster, like using a knife while gripping the blade instead of the handle, writes Paul Miller.