Auditors will be required to file a new Form AP with the PCAOB, disclosing the name of the engagement partner.
The SEC alleges CPA Peter Messineo owned stakes in companies that the firm he worked for was auditing.
But Mary Jo White cautions that recent PCAOB inspections have found "significant deficiencies" and audit committees may be taking on too much work.
Grant Thornton reached a $4.5 million settlement with the SEC in which the audit firm admitted wrongdoing.
Business units, especially those betting heavily on risky projects, will be charged for using corporate services such as IT and recruiting.
U.S. companies reported goodwill impairments of $26 billion in 2014, boosted by falling oil pirces.
The Big Four firm could be on the hook for $25 million in damages for failing to properly audit a Madoff feeder fund.
Senior finance executives are pushing back against restatements that could cost them incentive pay.
The new rules will shift some of the burden of auditing and dividing up the tax liabilities among partners from the IRS to the partnership itself.
While not all public companies have an internal audit function, the tide may soon be turning.