Audit preparation

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.

Overall new client additions — and departures — continue to rise, thanks to M&A.

The Big Four firm gave a clean audit opinion to Silicon Valley Bank's parent company and Signature Bank only weeks before they failed.

Internal audit leaders cited technology as the main driver of risk to their organizations, especially when it comes to cybersecurity, according to a new survey by the Institute of Internal Auditors.

The Top 25 Firm's major merger with Friedman once again brought it a host of new engagements.

Silvergate's auditor, Crowe, has received multiple letters from short sellers making allegations about Silvergate's handling of customer funds.

Markus Braun insisted he acted properly when he told markets two months before the company's spectacular demise that a KPMG probe found no wrongdoing — even though the auditor didn't have access to the documents it needed.

The Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short-seller attack accusing his companies of accounting fraud.

The pitfalls of auditing from a distance require auditors to find other ways to get close to their clients.

Binance, the world's largest digital-asset exchange, is hearing calls for more transparency following the collapse of rival FTX.

The institute has released a guide to help auditors deal with a new standard on assessing the risks of a material misstatement.

The board offered insights on the remediation process that audit firms need to undergo when addressing problems with their quality control.

CFOs at some of the U.K.'s largest companies have already complained to the Big Four about the high costs of audits.

Companies can alleviate some of the coming stress with proactive planning, processes and collaboration.

"Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws," said SEC chair Gary Gensler.

The board released its latest inspection reports on Deloitte & Touche, PricewaterhouseCoopers, KPMG and Ernst & Young, plus BDO USA and Grant Thornton.

Michael Burry, the investor who foresaw the housing market crash in 2008, is skeptical about today's proof-of-reserve audits.