Audit preparation

EY continued to audit NMC Health Plc despite suspicions that management withheld key documents that revealed its true debt position.

The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs.

Audit regulators are increasing their focus on how group auditors identify, engage and supervise component auditors. Is this level of scrutiny necessary?

The collapse of BF Borgers in May 2024 unleashed a flood of new clients.

The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.

The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James Pai CPA and its partner for audit failures.

The term 'forensic audit' is an oxymoron, and its use is not only wrong, it's dangerous, at least as far as our world is concerned.

A small Pennsylvania auditor picked up a big tranche of engagements from another auditor that exited the field.

The Institute of Internal Auditors released the first in a series of topical requirements planned for this year, starting with cybersecurity.

The Public Company Accounting Oversight Board cautioned about relying on the work of specialists who help with fair value measurements and accounting estimates.

The small Tampa auditor picked up a big tranche of engagements from another auditor that exited the field.

RSM formed an advisory body composed of three independent board members responsible for evaluating quality control and quality management within the firm's assurance practice.

The Public Company Accounting Oversight Board released a staff publication highlighting problems it's seeing with audits of journal entries.

Companies that work with auditors who have more industry experience but charge more than competitors offering "lowball" fees tend to save more money in the end.

The average audit fee increased to $3.01 million in 2023, up from $2.83 million in the previous cycle, according to a new report.

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

The Public Company Accounting Oversight Board will continue its inspection focus on public companies in the financial, real estate and information technology sectors.

The Public Company Accounting Oversight Board is also offering insights on improving audit committee communications and a video on the new confirmation standard.

On the path to 600; know your VAT; the overseer of marketing; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board voted to adopt new requirements to report on various metrics for the firm and its engagements.