Audit

Two members of the Public Company Accounting Oversight Board, Rebekah Goshorn Jurata and Megan Zietsman, jointly announced Monday they plan to resign by Oct. 1, or earlier if new board members are named.

The board reported a decline in the number of firms that had deficiencies last year but the rate is still comparatively high.

States disagree on many things, but one thing they agree on are the activities businesses engage in, or things they fail to do, in meeting their sales and use tax obligations that are most likely to lead to a sales and use tax audit.

More than 100,000 people who used to work or live in the state have received notices asking why they paid less to the state than they have in years past.

State tax authorities have sent more than 149,000 audit notices, including automatically computerized letters.

In a slow quarter for new engagements, EY and Gries & Associates also made good showings.

A string of high-profile scandals have pushed the work of the world’s biggest auditors back into the spotlight.

The congressional group took the unusual step of backing a candidate, law firm partner Erica Williams, to head the audit overseer.

While tax residency rules vary from state to state, changing residency generally requires a concurrent determination of domicile.

The Securities and Exchange Commission charged Ernst & Young, one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct.

A federal judge in San Francisco ruled in favor of PricewaterhouseCoopers in a case involving a former employee who sued PwC for firing him after he complained about conflicts of interest among audit clients.

Former Treasury officials say both parties should agree to increase money for the agency.

Having accountants involved seems to lower costs and result in fewer restatements.

The U.K.’s industry regulator said it was “unacceptable” that for the third year running the accounting firm’s work wasn’t up to scratch.

The Institute of Internal Auditors unveiled an IT General Controls Certificate Program on Thursday to train auditors on how to weigh technology risks, controls, programs, compliance, and policies.

The hospital operator’s founder said the firm enjoyed a “deep and cozy” relationship with executives at the troubled company.

As businesses downsize office space and renegotiate leases, they need to look at how they’re accounting for the leases under the new rules.

The pandemic and financial crimes; another provider leaves; why CRM and accounting don’t mix; and other highlights from our favorite tax bloggers.

Despite enhancements already made to audit quality, the audit profession will never rest on its laurels.

The increased funding for the IRS as a way to boost tax revenue was dropped after it emerged that Democrats intend to include the measure in their bigger budget bill.