Audit software

Average audit fees rose a slight 2.5% from $2,600,677 in 2020 to $2,666,659 in 2021, reflecting increased demands on auditors.

A recent study says that when auditors are given tools that they believe are more sophisticated, they are more likely to bias their evaluations towards what their supervisor wants.

The Public Company Accounting Oversight Board has again rejiggered its standard-setting and research agendas, adding three new projects.

Leveraging artificial intelligence with financial data has enormous potential to help a firm's strategies in the days, months and years ahead.

The add-on aims to help manage downstream risks from third parties.

Companies can get a "reasonable" level of assurance on their internal controls.

Sue Coffey of the AICPA shares the latest trends and newest developments in this fast-changing corner of the profession, and looks ahead to what's next.

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.

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.

Plus FloQast launches an online learning portal; Expensify rolls out a monthly settlement feature; AuditSight raises $4 million; and other technology news.