The PCAOB has officially adopted amendments to QC 1000, but the December 15, 2026 effective date remains. So what changed, and what do PCAOB-registered firms need to know? In this Qualified Opinions update, Chris Vanover, former PCAOB Director and President of CPAClub, breaks down five key takeaways from the PCAOB’s latest action on QC 1000 […]
The uncertainty around the QC 1000 amendments is over. On June 9, the PCAOB proposed nine targeted amendments to QC 1000. This week, the Board made those amendments final and gave firms the clarity they have been waiting for. What did not change is just as important as what did. The December 15, 2026 implementation […]
A client calls with a transaction that does not fit neatly into the firm’s usual playbook. The facts are still developing. The legal documents use unfamiliar terms. A new accounting standard may apply, but its effective date and transition requirements need to be confirmed. Meanwhile, the engagement team is balancing deadlines, client expectations, and the […]
A PCAOB deficiency finding does not have to define your firm’s next year, but how you respond in the weeks after it lands usually does. In this video, we walk through what audit firm leaders need to know about PCAOB inspection and remediation support, from the difference between Part I and Part II findings to […]
Best SQMS Software for CPA Firms: 5 Options to Put on Your Radar Whether you used SQMS software or not, for many CPA firms, the first phase of SQMS was about getting the system designed and documented. The risk assessment was completed. Quality objectives, risks, and responses were identified. Policies were drafted. Responsibilities were assigned. […]
The deal closes on Friday. By Monday, the combined firm has more people, more clients, more offices, and a bigger growth story to tell. It also has two ways to assign work, two versions of key procedures, two technology environments, and several answers to the question, “Who makes the final call?” That is the real […]
A partner three weeks from signing an opinion starts running through names for who can serve as the engagement quality reviewer, and the list gets shorter with every name. Not a staffing accident, it’s the exact scenario SQMS No. 2 was written around. CPAClub’s Drew Carrick breaks down what the standard actually requires of a […]
A partner is three weeks from signing an opinion on a complex engagement. The standard requires an independent reviewer to challenge the toughest judgment calls before that opinion goes out the door. She starts running through names. The audit partner who touched the file is ineligible. The tax partner covering overflow work doesn’t have the […]
The PCAOB’s new Firm Consultation Process lets registered firms submit questions directly to the Office of the Chief Auditor. It’s being framed as a win for firms without a National Office. In this video we go through what the PCAOB’s own process page says about discretion, judgment call exclusions, and response times, and explain why […]
