Audit preparation

The Institute of Internal Auditors unveiled new research during its annual international conference in Chicago this week pointing to changes in the internal audit profession worldwide.

The Financial Reporting Council said that four of the eight audits reviewed at Mazars and five of 12 audits at BDO required more than limited improvements.

Audits of sportswear retailer failed to highlight possible related party, inventory and website sales risks.

Progress hinges in part over the scope of redactions in audit work papers of Chinese companies.

Engaging the services and specialized expertise of external professionals can make a difference in the crucial early phase of an M&A deal, for both sides.

With 2022 getting off to a slightly slower start, J&S Associate netted five new engagements.

The Public Company Accounting Oversight Board released an overview Thursday of its inspection priorities and areas of focus as the newly revamped board signals a tougher enforcement stance.

Three predictions on the evolution of the audit — and three ways you can respond.

Two recent studies found that auditors with valuable expertise in a specific class of complex transactions and accounts improve audit quality.

The board adopted a set of amendments to strengthen the rules that apply to audits involving multiple audit firms.

Two decades after passage of the Sarbanes-Oxley Act, public companies are spending more time and money trying to comply with SOX requirements, despite the increasing use of technology to automate the process.

The commission charged the Top 20 Firm and three of its partners Wednesday, and the firm agreed to pay a $1.9 million penalty to investors.

PricewaterhouseCoopers was fined almost £5 million pounds ($6.22 million) for a series of poor audits of two U.K. construction companies, as the regulator continued to crack down on audit failings by the Big Four.

Executives resent the cost and interference of auditors; investors see them as a safety net that is only noticeable when it fails.

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.