Audit & Accounting

Accountants can turn the audit playbook into an AI assurance framework that policymakers have been groping for.

The Financial Reporting Council found EY "demonstrated a complete lack of professional skepticism" and failed "to be alert to conditions that may have indicated possible fraud."

With the number of extensions, many practitioners are seeing tax season continue through the summer and fall.

EY continued to audit NMC Health Plc despite suspicions that management withheld key documents that revealed its true debt position.

Changing regs and member needs keep Richard O'Leary on his toes as he guides PP&Co.'s hospitality practice and its many club clients

Plus, OneStream announces new AI agents, other solutions; Suralink rolls out request-to-test solution; and other accounting tech news and updates.

The New Jersey Society of CPAs is proposing an additional pathway to obtain CPA licensure, supporting a bill that would modify New Jersey's Accountancy Act.

The International Auditing and Assurance Standards Board released information on its new standard, while the International Public Sector Accounting Standards Board has an exposure draft on materiality.

The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs.

The changes deal with the intersection of the requirements of FASB's revenue recognition and stock compensation standards as they involve customers.