SEC Continues to Focus on Non-GAAP Reporting
In a speech today, Wesley Bricker, the chief accountant at the SEC, warned accountants that the SEC is keeping a watch on... Read More
PCAOB Enforcement Continues to Focus on Workpaper Alteration
Today, the PCAOB announced sanctions against three former senior partners of Deloitte Turkey, including two former chief executive officers and the former... Read More
Federal Appeals Court Rules That Accountant Has Right to Accounting Expert in PCAOB Interviews and Testimony
On March 23, 2018, the U.S. Court of Appeals for the D.C. Circuit held that the PCAOB infringed on a former EY... Read More
Supreme Court holds that state courts can continue to hear securities cases brought under federal law
Today, the U.S. Supreme Court ruled that state courts can continue to hear certain securities class actions brought under federal law. In... Read More
The PCAOB continues its focus on broker-dealer auditors
At the small firm level, the PCAOB continues to exercise its relatively new authority under Dodd-Frank to regulate auditors of broker-dealers. Most... Read More
Audit regulators continue to focus on foreign affiliates of Global Network Firms
Audit regulators continue to focus on foreign affiliates of Global Network Firms and the work of outside auditors. On March 13, 2018,... Read More
PCAOB rejects engagement partner’s attempt to limit audit role to planning and supervision
The PCAOB just made public its December 29, 2017 adjudicated disciplinary order imposing a two-year limitation on activities and censure on Melissa... Read More
Deloitte agrees to pay $149.5 million to settle Taylor Bean suit
On February 28, DOJ announced a $149.5 million settlement with Deloitte & Touche LLP to resolve potential False Claims Act liability arising... Read More
Six KPMG auditors and a PCAOB employee face criminal and civil charges for leak of confidential PCAOB information to KPMG
In April of 2017, the Wall Street Journal and other media outlets reported the terminations of six KPMG personnel, including the head... Read More
Hong Kong proposes legislation giving its Financial Reporting Council responsibility to investigate and discipline auditors
Interesting article in Accounting Today regarding proposed legislation to be introduced in Hong Kong’s Legislative Council on January 24 giving the Financial Reporting... Read More