Audit

Deficiency rates in audits of broker-dealers declined in 2025, according to the Public Company Accounting Oversight Board — particularly for auditors that perform a large number of engagements.

The Financial Reporting Council is probing accountancy firms linked to Market Financial Solutions Ltd., a mortgage lender backed by multiple Wall Street banks.

The collapse of the property developer is raising concerns among some partners at its former auditor about the potential impact on their own finances.

The agreement to settle Trump's case against the IRS included a bar against audits of past tax filings by him, his family members, businesses and other government investigations.

Demetrios Logothetis outlined his plans for revamping the PCAOB's audit firm inspection program and its new quality control standard.

A reader responds to concerns about the interactions of auditors and artificial intelligence.

The administration won't move forward with the fund, a key pillar of the agreement with the IRS and Treasury Department over leaks of Trump's tax information.

The Department of Justice will still provide immunity from any probes into the president's past tax filings under a deal agreed to last month.

Ever since the AICPA released new quality management standards, firms have raced to implement them. But like a fitness tracker, the system itself is not the transformation.

U.S. officials are continuing with an agreement that bars the government from probing past tax filings from President Donald Trump and his businesses.

AI is changing accounting, but removing humans from the loop is the fastest way to destroy the profession.

The Trump administration created the fund as part of a settlement resolving the president's lawsuit against the IRS over the 2019 leak of his tax information.

Accountants don't have to wait for a major catastrophe to act on governance and oversight of AI as the systems become more enmeshed in workflows and decisions.

The Public Company Accounting Oversight Board is forming a new advisory body called the Inspections Modernization Council — and it is looking for experts to apply.

AI governance is awaiting its Ferdinand Pecora, counsel to the Senate Banking Committee in the 1930s, who built the evidentiary foundation for every protector system that followed.

The Securities and Exchange Commission's proposal for a semiannual reporting option has quickly provoked debate.

Audit solutions provider Caseware launched an intelligence and orchestration layer operating across the engagement lifecycle.

The Internal Revenue Service agreed not to continue any legal claims or investigations of the president's past tax returns, adding to a controversial settlement.

The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.