Audit

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.

Mandatory retirement policies at U.S. auditing firms are pushing out experienced partners who are bringing in substantial revenue and audit quality as good as that of younger partners.

The disgraced Chinese coffee chain replaced its auditor and said it secured $250 million in funds from a pair of private equity firms.

The memorandum of understanding with the Vietnam Ministry of Finance aims to advance the internal audit profession in Vietnam.

Employees who move to low-tax states may still be taxed by their former residence, as more states levy taxes on cross-border business.

Nearly a quarter of internal audit teams intend to implement cloud-based audit management or governance, risk and compliance software this year, according to a new survey.

The board is planning changes in how it conducts inspections of audit firms, and where it will focus.

PwC’s Wes Bricker lays out a quartet of ideas that support the Big Four firm’s audit strategy.