Audit

The American Institute of CPAs and the Chartered Institute of Management Accountants jointly released guidance Tuesday for auditing and accounting for the risks of digital assets such as cryptocurrency.

Auditors are taking advantage of the remote auditing capabilities they used during the pandemic to do more types of audits and expand priorities like fraud detection and cybersecurity.

The board’s 2020 Annual Report reveals an ongoing drop in registrees, as well as how it responded to COVID-19.

The Public Company Accounting Oversight Board has proposed a rule for implementing a recent law that penalizes foreign companies whose auditing firms can’t be inspected by the PCAOB.

The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.

The Big Four firm was exploring what smart glasses could do before COVID-19. When the pandemic hit, they put their foot on the gas.

Lawmakers are considering giving the IRS additional funding and authority to expand its tax enforcement operation.

The market in new audit engagements is picking up after dropping in the second half of last year.

Recent research from University of Kansas business professor Amanda Winn suggests that partner rotation and PCAOB inspections may have some unintended effects.  

The new SEC chair should prevent high-earning audit partners from being beholden to the managers of the clients whose accounts they scrutinize.

The president's plan for increased tax audits of the wealthy and corporations is a major funding source for his economic-investment proposals.

The Center for Audit Quality released an alert Monday discussing the audit considerations surrounding a private company entering the public markets through a merger with a special purpose acquisition company.

The American Families Plan includes provisions that would expand Internal Revenue Service oversight of tax preparers.

A look inside the growing demand for assurance services for ESG reporting.

The International Ethics Standards Board for Accountants has revised its ethics standards to safeguard auditor independence for non-assurance services and associated fees.

While activity at both regulators declined early in the COVID-19 pandemic, it only recovered at the commission.

A former audit partner is facing disciplinary action in the Netherlands for an improper audit prior to the South African retailer’s near collapse more than three years ago.

The pacts expand the audit firm inspector's reach across Europe.

Increasing funding for the IRS enforcement efforts could yield enough to pay for reinstating the full deduction.

The Securities and Exchange Commission’s increasing scrutiny of special purpose acquisition companies and guidance on how to account for warrants are slowing deal activity for firms.