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Broker-dealer audit deficiency rates remain high

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. Finally, audit engagement deficiencies increased across all firms.

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House tax bill includes provision eliminating PCAOB

Accounting Today

The far-reaching legislation would transfer the responsibilities of the Public Company Accounting Oversight Board to the Securities and Exchange Commission.

Billing 304
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SEC taps new chief accountant

Accounting Today

Hohl has close to 40 years of accounting and auditing experience. In 2023, he founded Corallium Advisors, which helps businesses with auditing, regulatory compliance, risk management, and initial public offerings. Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement.

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Tech news: TaxPlanIQ adds new features

Accounting Today

Instead of relying on guesswork, gut feel or outdated references for service pricing, Ignitions AI solution, currently in development, will draw from real billing data across thousands of services, to deliver tailored pricing suggestions. This could include the industry, service name and description, billing type and frequency, and region.

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Senate bill calls for NIST to make AI audit standards

Accounting Today

A recently introduced Senate bill would direct the federal government to develop third party audit standards for AI.

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In the blogs: Breathing room

Accounting Today

By Paige Hagy 5h ago Tax One Big Beautiful Bill full of impactful tax provisions The bill, whose revised text was just released by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits. By Paige Hagy June 16 Like what you see?

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Optimism declines among accountants

Accounting Today

Accounting Economic indicators Small business MORE FROM ACCOUNTING TODAY Audit SEC plans ahead for PCAOB takeover The Securities and Exchange Commission is making plans in case it inherits the Public Company Accounting Oversight Boards duties if the tax bill passes.