Audit & Accounting

The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.

Will the profession wait for the AI equivalent of 1929 before applying what it already knows? The answer begins with examining what the current AI assurance landscape provides and what it does not.

Technology is not replacing accountants. But it is changing what accounting work involves, and the change is further along than most realize.

Most firm owners focus on the revenue lever they have pulled their whole career, but they may never have touched the other lever.

The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.

The Financial Accounting Standards Board decided to add several projects to its technical agenda.

The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of more than $1 million.

Big Four firm KPMG signed 17 new SEC audit engagements, followed closely by Deloitte, CBIZ and Carr Riggs & Ingram.

Internal auditors are facing a heightened risk of fraud at organizations as schemes change and internal controls weaken over time, according to a new report.

The idea of semi-annual reporting is a guaranteed self-inflicted disaster, like using a knife while gripping the blade instead of the handle, writes Paul Miller.