Audit preparation

The board's inspectors are finding 'unacceptable' levels of problems at auditing firms, with year-over-year increases once again.

Familiarity with the Capability Maturity Model empowers companies to proactively prepare for audits by equipping them with knowledge about specific audit challenges associated with each level.

The audit fee for the combined group is expected to be less than the sum of the standalone audits, but would still be one of the highest in global banking.

The board sanctioned the Top 20 Firm for failing to disclose SEC disciplinary proceedings within five months.

The U.K.'s Financial Reporting Council published its annual inspection and supervision results of the largest audit firms, and said it found signs of continued improvement.

The board wants to address the greater use of technology by auditors, especially when it comes to analyzing information in electronic format.

Board staff released a spotlight report to provide food for thought for committee members about fraud risks, cybersecurity, digital assets, critical audit matters and more.

Internal auditors are in especially high demand by businesses that have faced recent public failures, according to a new study.

The CAQ survey found auditing firm partners feeling pessimistic about issues like inflation, cybersecurity risks and greater regulation.

The Public Company Accounting Oversight Board found problems in its initial audit firm inspections in China.

Jan Du Plessis took over Britain's Financial Reporting Council last year following a series of scandals that left investors nursing heavy losses.

The Institute of Internal Auditors recommended all cryptocurrency exchanges operating in the U.S. should possess an independent internal audit function.

Board chair Erica Williams warned accountants that inspectors have been uncovering more deficiencies.

Too much criticism can derail an auditor's career, according to a new study.

The changes aim to increase transparency and provide more information to investors and other stakeholders. 

A new report reminds auditors of the need to critically assess their own firm's capabilities and get a better understanding of the company they're auditing.

The board issued a staff report warning of high rates of deficiencies at special purpose acquisition companies.

Inspectors with the board listed their top priorities for inspections this year in a new staff report.

At the time of the audit failures, Luceco was the parent of a group of companies producing lighting products and wiring accessories.

Singapore-based RT LLP was sanctioned for quality control failures, documentation issues, and for failing to file Form AP.