Audit & Accounting

A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade.

Five local students received $8,500 via the Indiana CPA Educational Foundation Scholarship, providing financial assistance on their road to CPA licensure.

The top 10 firms grew their share of the SEC audit market slightly, but the increase didn’t go to the biggest firms.

A tough season has some preparers considering taking down their shingle, but many still plan to hang on.

Telling your clients the story behind the numbers is critical to client accounting services.

The institute's Auditing Standards Board amended its standards Tuesday to include guidance in two areas.

Clients anticipate that audit fees will increase in 2021 due to the impact of inflation, COVID-19, acquisitions and divestitures, according to a survey by Gartner.

The New York State Society of CPAs announced that Rumbi Bwerinofa-Petrozzello will serve as the 102nd president of the organization.

The SEC abruptly fired William Duhnke as chairman of the Public Company Accounting Oversight Board. As part of the shakeup, PCAOB board member Duane DesParte will become acting chair, but the SEC plans to replace the entire slate of board members.

Almost three-quarters of inspections showing sub-par work, according to the watchdog.