Audit

The Institute of Internal Auditors has introduced a new framework for the professional development of internal auditors.

A pair of academic studies casts doubt on the value of mandatory rotation of auditing firms and lead engagement partners.

The document discusses some considerations involving the use of specialists when auditing financial statements during the pandemic.

Field audits down; streamlining taxes for social policies; bad-date boondoggle; and other highlights from our favorite tax bloggers.

The American Institute of CPAs’ Auditing Standards Board issued an attestation standard for when auditors perform examination engagements with clients.

The Public Company Accounting Oversight Board imposed a $250,000 penalty on Marcum LLP and its Marcum Bernstein Pinchuk unit over audits of Chinese companies.

The Anti-Fraud Collaboration has released a report on the importance of skepticism by auditors and finance professionals.

A new report from the Center for Audit Quality highlights a growing opportunity for audit firms.

The details published about Donald Trump’s tax returns were a revelation to the public but not to a small group of attorneys who work for a little-known congressional panel.

Ratcliffe and other senior Ineos executives caused tension with the company’s auditor, PwC.

The Institute of Internal Auditors has begun its formal search for a successor to longtime president and CEO Richard Chambers.

There are two key areas that CPA firms should closely watch to manage audit fees in 2020.

KfW, Germany’s third-largest bank by assets, may drop Ernst & Young as auditor as EY continues to be plagued by its role in the country’s Wirecard accounting scandal.

COVID-19 doesn’t seem to be having an impact on such disclosures, according to a report from Ernst & Young.

With the incremental complexities and associated risks this year, companies and auditors cannot afford to fall behind.

The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.

The state society will have the Canadian company educate its members on AI and data analytics, as well as MindBridge’s software solutions.

Ernst & Young is sending letters to clients admitting it failed to uncover fraud at the payment company sooner.

MindBridge’s Eli Fathi and the revolution of AI in accounting.

COVID-19 has created new challenges and a remote work environment that heightens the risk of fraud at public companies.