Audit & Accounting

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors.

CLA Global Limited has appointed Paul English as CEO, replacing Sancho Simmonds and Joseph Kask.

Prosecutors alleged that Autonomy used a number of manipulations to make its revenue growth appear better than it was, so vendors would then buy the company's products.

The jobs report blew past expectations, although the unemployment rate ticked up to 4%.

A former auditor, Nicolas Forissier was made a "chevalier" — or knight — of France's National Order of Merit during a ceremony at the Senate in Paris.

Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.

A recent survey from Thomson Reuters said auditors find new technology that assists during the execution/fieldwork phase of an engagement to be most useful.

The practice aid provides information on auditing the valuation of cryptoassets and audit procedures surrounding their existence, rights and obligations.

The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.