Audit News from Accounting Today

The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it carries out widespread layoffs.

The far-reaching legislation would transfer the responsibilities of the Public Company Accounting Oversight Board to the Securities and Exchange Commission.

The Public Company Accounting Oversight Board released a publication to help smaller firms as it comes under threat of being absorbed into the Securities and Exchange Commission.

IT auditors who know a lot about AI can now show it through a new certification, as the ISACA now offers an AAIA, or "Advanced in AI Audit," credential.

The latest data on new SEC audit client engagements for 2024 and the number of accounting-related securities class actions.

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

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

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.

Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.

The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources.

PICPA installs new president; PCAOB appoints acting chief economist; and more news from across the profession.

The Internal Revenue Service has been conducting "sweeps" in recent years to uncover cases where high-income people have not been filing taxes.

The board agreed to a statement of protocol with the Auditing Oversight Authority of the Slovak Republic while facing a possible SEC takeover.

The Public Company Accounting Oversight Board's Investor Advisory Group is asking for examples of critical audit matters or key audit matters for analysis.

Asset tokenization, the creation of digital ownership representations for diverse assets on blockchain and DLT platforms, is a transformative force in finance.

Audit has always been a profession steeped in precision and consistency, but when it comes to how we manage knowledge, the tools haven't always kept up.

The numbers will continue to skew toward a younger generation of internal audit leaders with each passing year.

PCAOB chair Erica Williams says the role played by the audit overseer can't simply be "cut and pasted" into the SEC as legislation threatens to shutter the board.

Audit regulators are increasing their focus on how group auditors identify, engage and supervise component auditors. Is this level of scrutiny necessary?