Audit

The board staff issued guidance on some of the considerations auditors should have about the relevance and reliability of information they get from external sources and plan to use as audit evidence.

The struggling U.K. fashion retailer has failed to keep pace on price with its high-street rivals and has been closing stores.

Cherry Bekaert, MNP LLP, Moore Kingston Smith, and Plante Moran each won an award for their distinct use of MindBridge's technology.

The board has issued a supplemental call on its proposals surrounding lead auditors’ responsibilities.

The U.K.’s accounting watchdog has imposed sanctions against Grant Thornton Ltd., and a partner at the business, for its role in the alleged accounting fraud at the Patisserie Valerie bakery chain.

A new deal would up the thresholds of what triggers reporting to the IRS, according to a key House Democrat.

The framework will govern how the board determines if it can’t inspect or investigate a foreign accounting firm.

The committee has teamed up with Deloitte on a new guide to help organizations combine their risk management efforts with their artificial intelligence initiatives.

Most organizations do not fully understand the risks presented by their third-party relationships, let alone request or assess audit results from every third party under contract.

PricewaterhouseCoopers is stressing the concept of trust in its recently restructured firm and in a new survey that examines where business leaders, customers and employees differ on trust.

The American Institute of CPAs has released a set of questions and answers to help auditors of benefit plan financial statements deal with this complex field and a revised standard.

The resources are geared toward moving auditors away from traditional data sampling to real-time analysis.

Internal auditors are seeing far-reaching effects from the COVID-19 pandemic on the way they do their work, according to a new survey.

The Center for Audit Quality released a report on the current requirements for public company auditors regarding climate-related reporting.

The FRC filed a disciplinary complaint against KPMG LLP, a former partner and current and former employees over their role in past audits of two companies.

The amount of civil tax lawsuits filed by the Internal Revenue Service in federal court this year is only half the number of a decade ago, but has held steady since last year.

Jackson Johnson of Johnson Global Accountancy shares best practices for auditors facing their overseer -- and for making audits better in general.

Climate change is prompting more accountants to get involved in environmental, social and governance services.

The Big Four firm was fined a reduced penalty of about 2.2 million pounds ($3 million) due to mitigating circumstances.

The Big Four firm issued its 2021 audit quality report Monday, pointing to progress on auditor independence, along with issues such as diversity and inclusion.