Audit & assurance

The board, facing an uncertain future following the presidential election, plans to prioritize inspections in the financial, real estate, and information technology sectors in 2025.

The adopted rule empowers the PCAOB to withdraw the registration of firms that don’t file annual reports and don’t pay annual dues for two consecutive years.

The AICPA Peer Review Board approved changes that align with new quality management standards for firms’ accounting and auditing practices.

Public company audits can benefit from expert input, particularly in the rapidly changing world of cryptoassets. Also, the SEC, FASB, and FASAB issued regulatory updates.

QC 1000 establishes a risk-based system that aligns with AICPA quality management standards, both of which take effect in late 2025.