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.

The FRC is toughening up the regulation of Britain’s biggest auditors, as the sector faces heavy criticism over a string of high-profile finance scandals.

The audit is going to undergo massive changes over the next decade — and so will those who conduct them.

Board staff called attention to some important considerations for auditors as they plan and perform audits that may be affected by the ongoing war in Ukraine.

Experts in auditing imagine the ways this core service of the profession will be radically different in a decade.

For now, it’s technology, but soon it will be more about demand from markets — and society as a whole.

The Public Company Accounting Oversight Board issued a Spotlight publication Monday containing some observations and reminders for auditing firms about relying on outside service providers for electronic audit confirmations.

Remote audits have allowed teams to increase efficiencies in the execution of the work.

Baker Tilly and Deloitte also had good quarters at the end of 2021.

Under a commission proposal, funds’ financial statements would need to be audited at least annually.

The collapse of U.K. builder Carillion four years ago is now threatening to inflict more than reputational damage on its former auditor, KPMG.