Audit & Accounting

The United Kingdom’s Competition and Markets Authority has issued a long-awaited report calling for separation of audit from consulting services, mandatory “joint audits” and regulatory powers to increase the accountability of audit committees.

South Korean auditors are refusing to sign off on more and more corporate financial statements due to tighter regulations, giving investors earlier warning signs of trouble ahead.

Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.

There were fewer total settlements in 2018, but the dollar figures involved increased more than fivefold.

The senator really hates it when corporations that report billions of dollars in profit pay little or no tax to Uncle Sam.

An adviser to union pension funds is calling on General Electric to change audit firms after investor confidence in the one-time blue-chip company has been rattled.

Denmark has reported the local operations of Ernst & Young and KPMG to the police amid a widening crackdown on money laundering in the country.

House Oversight and Reform Committee Chairman Elijah Cummings said he’ll subpoena documents on Monday from an accounting firm tied to President Donald Trump.

Financial statement auditors can teach security experts a few valuable lessons.

KPMG unveils Ignition Center in Chicago; Withum opens learning lab at the University of Central Florida; and more CPA news.