Audit

Staff have begun working through the backlog of correspondence and messages, and are expected to begin reaching out to tax pros and taxpayers soon.

Plus, Schellman becomes the first U.S.-based body for MTCS certification; Intuit launches partnerships with Cherry Bekaert, Rehmann; and other accounting tech news.

The Public Company Accounting Oversight Board has made a pact with Lithuania's audit regulator to allow the two organizations to cooperate on overseeing firms.

Economic pessimism is on the wane among audit partners, though they're not feeling as confident as last year, according to a CAQ survey.

Clients increasingly view the use of advanced technology as a differentiating factor when selecting their auditors, according to a new survey by BDO USA.

Audit and advisory leaders are working to implement AI solutions, but major hurdles mean that most professionals remain largely dependent on manual processes.

Nasty behavior by individuals at client companies toward auditors is widespread and can negatively affect auditor judgment, according a new academic study.

A new report finds internal audit professionals adjusting to flat and shrinking budgets and the encroachments of artificial intelligence.

The acting chair of the Public Company Accounting Oversight Board outlines his vision for defining audit quality, highlights private equity concerns, and calls for AI guardrails.

Plus, Forwardly announces AI bill pay system; Patriot Software introduces Auto Payroll; and other accounting technology news and updates.

Among the targets of the audit is a business development program designed to serve socially or economically disadvantaged individuals.

The One Big Beautiful Bill Act's presence, like it or not; return of beneficial ownership information; that familiar sense of dread; and other highlights from our favorite tax bloggers.

No matter what internal audit gets called to do, there will always be a cadre of misguided executives and board members who think internal audit is just an extension of the finance function.

The average number of CAMs per report decreased to 1.27 in 2024, per Ideagen Audit Analytics' latest report.

The Securities and Exchange Commission and the Public Company Accounting Oversight Board have been lightening the load on audit firms.

The International Federation of Accountants is teaming with the International Bar Association to combat money laundering, while signing a pact with audit groups.

The Big Four firm estimates complete end-to-end integration of AI in the audit cycle is about one year away.

With the latest AICPA quality management standard, SQMS 1, firms will have to take a more holistic approach to quality.

New AI-powered features for client collaboration and audit engagements are available in CCH Axcess.