Audit News from Accounting Today

The Public Accounting Oversight Board today swore in Kyle Hauptman as a board member at a ceremony at the Securities and Exchange Commission.

Meanwhile, KPMG and Grant Thornton led in terms of new engagements among the largest audit firms.

If the DOJ can revise immunity language in one of the highest-profile tax settlements in memory, then no closing agreement your client is holding is immune.

The specialized enforcement unit will pursue accounting and financial reporting fraud cases, as well as general misconduct in accounting and auditing.

The International Auditing and Assurance Standards Board proposed revisions to three of its International Standards on Auditing.

The FRONTIER Act is a meaningful step forward. But without contemporaneous records and truly independent verification, oversight begins too late

Plus, Workday touts new Financial Audit Agent; Cherry Hill Advisory launches AI-enabled internal audit services; and other accounting tech news and updates.

Democrats on the Senate Finance Committee plan to introduce an amendment prohibiting President Trump's audit immunity deal with the IRS during a markup hearing.

Greenshoe announced a new continuous monitoring feature, which allows public companies to discover and react to disclosure changes throughout the year.

The International Auditing and Assurance Standards Board proposed a set of revisions to the International Standard on Auditing.

A top official at the Internal Revenue Service and the Treasury Department was reportedly ousted after raising concerns over political influence over audits.

One question deserves far more attention, particularly from accountants and auditors: Which companies will actually choose to report less?

The Association of Certified Fraud Examiners spotlighted people who have been exposing financial fraud at companies and governments worldwide.

The Public Company Accounting Oversight Board voted to request public comment on the goals and objectives for its 2026-2030 strategic plan.

Technology disruption and AI-related competitive pressures rank among the top risks facing companies, according to a new survey of audit firm partners by the Center for Audit Quality.

The reason most AP AI fails an audit isn't necessarily due to architecture but because you cannot audit a process that the organization hasn't actually defined.

AI tools cannot be the preparer of a tax position. They cannot be subject to Circular 230, defend a study under exam or be professionally disciplined.

The IRS against which your clients filed last year is not the same agency reviewing their returns today.

A survey found that a majority of investors disagreed with requiring scaling back to semiannual reporting for public companies.

Sustainability reporting is becoming more standardized globally, according to a new report from the IFAC, AICPA and CIMA.