Audit preparation

PricewaterhouseCoopers has settled with the Federal Deposit Insurance Corporation for $335 million over its audits of Colonial Bank, which failed in the midst of the financial crisis.

When it came to snagging new engagements, mergers made a major difference for many auditing firms.

The two were found guilty of sharing confidential materials ahead of a planned inspection of the Big Four auditing firm.

The laboratory-testing company facing criticism for its corporate governance, will no longer use an auditor for its Luxembourg subsidiaries who was contemporaneously signing off on the accounts of businesses controlled by the company’s largest shareholder.

'Those who look only to the past or present are certain to miss the future.'

The International Auditing and Assurance Standards Board has issued a trio of proposed standards to improve the quality of audits, reviews and related assurance service engagements at firms.

Two firms dominate an otherwise slow quarter for new engagements.

The Public Company Accounting Oversight Board's 2017 report on the Big Four firm shows a number of continuing deficiencies.

What accountants, controllers and CFOs should keep an eye on this year, based on discussions with peers in different areas of technology and business.

The framework aims to help more firms spell out how they're working to improve their auditing services.

Technology disruption will be a good thing for the audit.

The Public Company Accounting Oversight Board has been pilot testing its upcoming requirements for auditors.

A share collapse puts the century-long engagement at risk.

Megan Zietsman will assume her role with the Public Company Accounting Oversight Board in early 2019.

Private company audit fees grew by more, but at a slower pace.

Technology is creating a future where assurance and advisory go hand in hand, the CPA.com chief says.

Outgoing CAQ chief Cindy Fornelli also shared her plans for retirement.

The new publication aims to help auditors deal with the CAMs section that will soon be required under a new auditing standard.

‘We aren’t guaranteed our space,’ the AICPA chief says.

Auditors such as KPMG LLP and PricewaterhouseCoopers LLP must do better when it comes to compiling a key part of companies’ annual reports, their U.K. regulator warned.