Audit preparation

The average number of CAMs per report decreased to 1.27 in 2024, per Ideagen Audit Analytics' latest report.

The Public Company Accounting Oversight Board co-hosted a two-day conference highlighting the work of academic researchers.

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.

Audit teams rarely know when client data will arrive, how complete it will be and in what form it will show up.

With major mergers, the Top 10 Firms topped the list of new Securities and Exchange Commission Engagements in the second quarter.

A major merger between two billion-dollar firms put CBIZ at the top of the list for new Securities and Exchange Commission Engagements.

The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits.

Technology is driving transformation in audit at an ever-faster pace, says EY's Paul Goodhew.

The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.

The Public Company Accounting Oversight Board sanctioned Heaton & Co. and one of its partners, Kristofer Heaton, for failing to properly document five audits.

Seventy percent of U.S. audit clients are ready to change firms within the next three years, according to an Inflo report.

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.

The Financial Reporting Council found EY "demonstrated a complete lack of professional skepticism" and failed "to be alert to conditions that may have indicated possible fraud."

EY continued to audit NMC Health Plc despite suspicions that management withheld key documents that revealed its true debt position.

The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs.

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

The collapse of BF Borgers in May 2024 unleashed a flood of new clients.

The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.

The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James Pai CPA and its partner for audit failures.

The term 'forensic audit' is an oxymoron, and its use is not only wrong, it's dangerous, at least as far as our world is concerned.