Audit

Mike Whitmire and Drew Carrick take us behind the scenes of creating the first comedy series for accountants, "PBC."

With inflation reaching a 40-year high, consumers are feeling its cascading effects, and internal auditors should probably start keeping tabs on inflation risks as well.

The Center for Audit Quality began a new initiative to bring more young people into the accounting profession, particularly from Black and Latino backgrounds.

Corporate governance received a grade of B- and has slipped over the past year, according to a new survey of chief audit executives.

Six former employers at the auditing giant are accused of acting “with a lack of integrity in dishonestly or recklessly misleading the regulator.”

The board has a new leader, Erica Williams, after its new chair was sworn in Monday by the Securities and Exchange Commission in a virtual ceremony.

The board is surveying stakeholders about easing the audit requirements for less complex companies, while beefing them up for more complicated structures.

When companies suddenly replace their auditing firms, the required SEC disclosures are often vague and may be a signal of a forthcoming restatement, but timing is a crucial factor.

The Center for Audit Quality and the American Accounting Association are making changes to their Access to Audit Personnel research partnership program.

Internal auditors have been forced by COVID-19 to work remotely in large part over the past two years, and that pattern is likely to continue next year.

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have signed a three-year renewal of their existing agreement.

The updates are mostly technical, but some cover remote-work arrangements for some seconded employees during the pandemic.

The SEC said it would begin identifying companies that are using non-inspected auditors.

Some expressed concerns about lower levels of enforcement, while one suggested the board suffered from a credibility gap.

KPMG International reported the annual aggregated revenues of its member firms around the world grew 10% to $32.13 billion for the fiscal year ending Sept. 30, 2021.

Coming brackets; rising expatriations; meeting behavior and aftermaths; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board is regrouping with a slate of new board members recently appointed by the Securities and Exchange Commission, and it approved its fiscal year 2022 budget during a rare open meeting on Tuesday.

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers.

The claimants allege that KPMG “failed to maintain independence and an appropriate attitude of professional skepticism" in the insolvency of Dubai private-equity firm Abraaj Group.