The record fine punishes PwC for "extensive" misconduct in its audit of professional services firm RSM Tenon.
The Public Company Accounting Oversight Board’s proposal would spawn confusion and liability, according to the U.S. Chamber of Commerce.
The firm’s client, Miller Energy Resources, inflated $5 million in oil and gas assets to nearly $500 million, according to the SEC.
SEC Chairman Jay Clayton praises James Doty’s decision to stay on while the PCAOB starts to fill four vacant posts.
The PCAOB says the firm refused to produce audit work papers related to its audits of a publicly-traded Chinese company.
While it's unlikely that auditors will be automated out of existence, cognitive technologies can bring value to the audit.
Firing an auditor "doubles the odds of a restatement and more than quadruple[s] the odds of a material weakness over the next two years,” a study…
With the pressure to adapt to digital, many CFOs are responding by using technologies on a one-off basis.
Replacing KPMG with Ernst & Young is seen as a necessary move ahead of a U.S. listing.