Audit preparation

The Public Company Accounting Oversight Board imposed a $35,000 penalty on Beckles & Co. for failing to disclose who worked on nine public company audits.

There is plenty of room for more audit committee disclosure, according to the Center for Audit Quality and Ideagen Audit Analytics

The Public Company Accounting Oversight Board has made a pact with Lithuania's audit regulator to allow the two organizations to cooperate on overseeing firms.

Nasty behavior by individuals at client companies toward auditors is widespread and can negatively affect auditor judgment, according a new academic study.

A new report finds internal audit professionals adjusting to flat and shrinking budgets and the encroachments of artificial intelligence.

The acting chair of the Public Company Accounting Oversight Board outlines his vision for defining audit quality, highlights private equity concerns, and calls for AI guardrails.

No matter what internal audit gets called to do, there will always be a cadre of misguided executives and board members who think internal audit is just an extension of the finance function.

The average number of CAMs per report decreased to 1.27 in 2024, per Ideagen Audit Analytics' latest report.

The Public Company Accounting Oversight Board co-hosted a two-day conference highlighting the work of academic researchers.

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.

Audit teams rarely know when client data will arrive, how complete it will be and in what form it will show up.

With major mergers, the Top 10 Firms topped the list of new Securities and Exchange Commission Engagements in the second quarter.

A major merger between two billion-dollar firms put CBIZ at the top of the list for new Securities and Exchange Commission Engagements.

The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits.

Technology is driving transformation in audit at an ever-faster pace, says EY's Paul Goodhew.

The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.

The Public Company Accounting Oversight Board sanctioned Heaton & Co. and one of its partners, Kristofer Heaton, for failing to properly document five audits.

Seventy percent of U.S. audit clients are ready to change firms within the next three years, according to an Inflo report.

The Public Company Accounting Oversight Board released a publication to help smaller firms as it comes under threat of being absorbed into the Securities and Exchange Commission.

The Financial Reporting Council found EY "demonstrated a complete lack of professional skepticism" and failed "to be alert to conditions that may have indicated possible fraud."