Audit

Auditors can help companies improve the reliability of their cybersecurity disclosures, according to a new report from the Center for Audit Quality.

The Internal Revenue Service is offering less generous settlement terms to participants in micro-captive insurance schemes as part of its clampdown on the transactions.

The Internal Revenue Service released an early draft of the instructions with revised directions for how partnerships should report capital accounts and tax basis capital for partners on Schedule K-1.

Boohoo Group Plc, the scandal-hit fast-fashion retailer, may struggle to line up a top-flight audit firm after parting ways with PricewaterhouseCoopers.

The institute is asking the U.S. government to help authorities in Liberia investigate the recent deaths of four government auditors who were looking into possible misappropriation of funds.

Boohoo Group Plc shares fell the most since August after the U.K. fast-fashion retailer caught up in a labor scandal said it’s seeking a new auditor to replace PricewaterhouseCoopers.

The Securities and Exchange Commission voted to adopt amendments to its longstanding auditor independence requirements, relaxing restrictions on relationships between auditors and their clients as part of a deregulatory push by the SEC in recent years.

Auditors should take stock of the lessons learned from the first phase of remote auditing.

James Kaiser, a member of the Public Company Accounting Oversight Board since 2018, is leaving the PCAOB and will be replaced by chief auditor Megan Zietsman in another sign of turmoil at the audit overseer.

J. Robert Brown criticized recent moves by the Public Company Accounting Oversight Board to strip down its research and standard-setting agendas without proper consultation.

Two senior executives at Botswana supermarket chain Choppies Enterprises Ltd. are suing former auditors PwC for 653 million rand ($40 million) for not signing off on the company’s 2018 accounts, which led to a share price collapse.

Companies are continuing to increase the level of audit committee disclosures in their proxy statements, according to a new report from the Center for Audit Quality and Audit Analytics.

Disclosures in financial statements and SEC filings about the current and potential impacts of COVID-19 are a major concern.

The Public Company Accounting Oversight Board released a preview Thursday from its staff about its findings from inspections of audit firms last year ahead of the issuance of its 2019 inspection reports.

Chuck Schumer and Ron Wyden have asked internal watchdogs to investigate whether there’s been political interference in audits of the president's returns.

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.