Audit preparation

A possible split confronts the problem faced by all breakups: How do you create attractive businesses out of both when one is likely to be seen as inferior?

The FRC fined the Big Four firm and partner Anthony Sykes over its 2010 audit of the carmaker, the latest in a long list of audit scandals surrounding the firm.

The Big Four firm will pay more than $17.1 million over misconduct on major work it carried out for collapsed Carillion Plc and data services company Regenersis.

The Top 10 Firm is taking steps to improve its audits, including hiring a former official from the PCAOB and creating an Audit Quality Advisory Council.

Jennifer Wilson, the leader of Convergence Coaching, says that technological advance combined with changing client demand will lead the remote audit to become the norm.

Assurance delivered by trusted auditors — who are independent and objective — is a cornerstone for the health of our financial and capital markets.

The future is bright for auditing technology, but auditors need to embrace it.

Audit fees in the U.S. appear to be climbing at a faster pace in recent years than in Canada and Europe, according to a new survey from the International Federation of Accountants.

The Financial Reporting Council also issued a severe reprimand against the auditing giant and sanctioned the engagement partner roughly £40,000.

The board released its 2021 annual report on Thursday, highlighting its main accomplishments as it transitioned to a mostly new board.