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PCAOB spotlight on auditor responsibilities in making comms about illegal acts
The Spotlight reminds auditors of their obligations to make timely and appropriate communications about illegal acts by a company during an audit of its financial statements.
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SEC approves new PCAOB Quality Control Standard QC 1000
The new standard is designed to drive registered public accounting firms to significantly improve their quality control systems.
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SEC approves new PCAOB audit standards
Approved changes include updates to auditing standards and a critical rule change that will lower the standard of culpability for individual misconduct.
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PCAOB adjusts personal liability standard, FASB plans for enviro accounting
Auditors face a greater chance of being held personally liable for negligent missteps under adjusted PCAOB rules.
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SEC charges auditor BF Borgers with ‘massive fraud’
BF Borgers and owner Benjamin Borgers charged by the SEC in case affecting more than 1,500 SEC filings.
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KPMG fined $25m over exam cheating at audit firm’s Dutch arm
The PCAOB has issued the largest civil money penalty in its history.
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IAASB proposes tougher auditor standards in identifying fraud
Rash of cases prompts global standard setter for corporate audits to propose stricter oversight rules for auditors.
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US fines PwC $7m for enabling cheating in audit exams in China
PwC affiliates in Hong Kong and China and another Chinese audit firm will pay fines in "first-ever" settlement actions brought by the PCAOB.