Audit preparation

Prager Metis CPAs LLC, an auditor for FTX, was sued by an investor, who also sued Armanino LLP, an auditor for FTX US, FTX's co-founder Sam Bankman-Fried and others.

The Public Company Accounting Oversight Board proposed significant changes in the requirements for firms' QC systems, modernizing standards in place for decades.

A recent study found that when municipal governments are assigned a random auditor, versus one they appoint themselves, financial performance improves.

Average audit fees rose a slight 2.5% from $2,600,677 in 2020 to $2,666,659 in 2021, reflecting increased demands on auditors.

The International Auditing and Assurance Standards Board is looking for feedback on updating one of its fundamental standards.

A New York CPA was hit with a $150,000 penalty and barred from association with a registered firm for misleading board inspectors and investigators.

The document includes new tools and resources on committee requirements, oversight responsibilities and strategies for promoting effectiveness.

Banking depositors perceive failures at financial institutions as failures on the part of auditors, reducing their assessment of the credibility of an auditing firm.

The Public Company Accounting Oversight Board has again rejiggered its standard-setting and research agendas, adding three new projects.

PPP misrepresentation; rebuilding clients' basis; what you're doing wrong; and other highlights from our favorite tax bloggers.

The commission charged the Top 100 Firm for failing to comply with the standards of the PCAOB while conducting audits of two public companies from 2017 through 2020.

Over the last three decades, internal audit plans of financial institutions have shifted from a model focused on deep dives of sample selections to plans based on overall risk and controls.

EY Americas vice chair John King discusses the impact and history of one of the most influential pieces of financial legislation of the past 50 years. 

PCAOB sanctions Canadian firm over noncooperation with inspections

The merger between BKD and DHG put their combined firm at the top of the roster.

There were signs of improvement in terms of audit engagements and quality control systems.

Gary Gensler has been encouraging the PCAOB to update more of the standards to take into account the way firms are working today.

A 61% majority of ESG assurance services were performed by accounting firms, but there was substantial variation among different countries.

The AICPA and NASBA are laying the groundwork for a major overhaul, with some content moving to new sections.