Audit

TOPICS / AUDIT & ASSURANCE

December 8, 2025

New SEC chair to CPAs: ‘Back to basics’

Paul Atkins, appearing at the AICPA Conference on Current SEC & PCAOB Developments, asked accounting professionals to focus on financial materiality and provided his thoughts on the future of the PCAOB, crypto, and IPOs.

December 1, 2025

Common audit claims and defenses

In the professional liability world, audit claims are relatively infrequent but exceptionally expensive.

November 17, 2025

Writing an effective AI prompt for an audit

Explore AI in audit, SQMS documentation strategies, and fraud prevention insights from the November 2025 A&A Focus webcast for accounting professionals.

November 1, 2025

QM is here: Advice from early adopters

Firms will need to learn from mistakes, fine-tune systems, and adapt to new ways of thinking about quality.

October 14, 2025

Right-size your quality management documentation for SQMS No. 1

Optimize quality management documentation for SQMS No. 1. Check out these practical tips to keep documentation appropriate and comprehensive, yet right-sized. Remember, the QM deadline is Dec. 15.

October 3, 2025

PCAOB publishes guidance related to Audit Evidence amendments

The guidance, combined with a recent PCAOB policy statement, applies to requirements becoming effective later this year.

August 12, 2025

AICPA unveils new QM resources to help firms meet Dec. 15 deadline

The AICPA updated its SQMS No. 1 practice aid, released a new resource on monitoring and remediation, and is hosting live webcasts to help firms implement the new quality management standards by Dec. 15. Key features of the 2025 practice aid on complying with SQMS No. 1 include expanded discussions, tailored guidance for firms of all sizes, and tools for documentation, evaluation, and effective compliance.

August 12, 2025

8 steps to build your firm’s quality management system on time

Firms that haven’t started establishing their quality management system can get it done by the Dec. 15 deadline by following these steps.

July 3, 2025

Auditing Standards Board proposes a new fraud standard

The AICPA board issued an exposure draft of a Statement on Auditing Standard (SAS), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.

June 20, 2025

Elimination of PCAOB can’t remain in budget bill, Senate official rules

The Senate parliamentarian’s office determined that a provision aimed at folding the PCAOB into the SEC doesn’t qualify for the budget reconciliation process.

June 12, 2025

AICPA proposes controls framework for stablecoin issuers

The Assurance Services Executive Committee is seeking public comments on an exposure draft designed to ensure an effective system of controls is in place in connection with recently issued reporting guidelines focused on stablecoins.

May 12, 2025

State of Play: How firms are helping smooth sustainability reporting

The latest data from research by the International Federation of Accountants, the AICPA, and CIMA reveals that nearly three-fourths of the largest global companies obtained assurance of sustainability disclosures in 2023, with the majority depending on audit firms. U.S. companies rank ahead of the pack when it comes to obtaining assurance but behind the pack when it comes to depending on audit firms.

April 29, 2025

AICPA monitoring proposed changes to public company auditing oversight

Changes have been proposed by the House Financial Services Committee related to PCAOB inspection and enforcement activities involving firms that audit public companies. In a statement, the AICPA said it believes that healthy oversight of accounting firms performing audits of public companies “protects the public interest.”

April 3, 2025