Audit

The Securities and Exchange Commission is proposing a set of amendments to the auditor independence rules that have been in place since the early 2000s, allowing firms more leeway in determining conflicts of interest and shortening the lookback period for clients planning to go public.

The International Accounting and Assurance Standards Board has released a revised standard for identifying and assessing the risks of material misstatements.

Business leaders will be contending with ongoing economic uncertainty and unknown future regulatory changes, along with accounting and tax changes, that could have an impact on their ability to effectively compete and achieve their financial targets in 2020 and beyond, according to a recent report.

The Public Company Accounting Oversight Board has released a document providing information from its conversations with nearly 400 chairs of audit committees.

The Public Company Accounting Oversight Board has issued a concept release proposing a new approach to changing its quality control standards, the biggest change since 2003.

Erik Asgeirsson describes the new audit tools and many other developments coming out of CPA.com and the American Institute of CPAs.

The $284.7 million budget is an approximately 4 percent increase over 2019.

The year-long review recommends a number of sweeping changes to the profession.

CCH Axcess Knowledge Coach still allows for auditor professional judgement in the audit process.

These five attributes are key for successfully leading auditing forward.

Technology is ready to disrupt this core service of the profession, and that's going to require a serious response from auditors, according to Alan Anderson of Accountability Plus.

CPAs are in a great position to benefit from a heightened need for certainty in the future, says the AICPA’s Barry Melancon.

The IRS is concerned that taxpayers are not properly recognizing the gain or loss on partial dispositions of building components.

The quality of corporate governance was graded at C+ at best by a group of chief audit executives, according to a new report from the Institute of Internal Auditors and the Neel Corporate Governance Center at the University of Tennessee in Knoxville.

The notice delays a requirement for reporting partners’ share of partnership capital.

The Public Company Accounting Oversight Board is planning to issue a concept release on revisions in quality control standards while making extensive changes in its inspections and audit reports.

The Center for Audit Quality believes auditors should go beyond financial statements and vet other forms of corporate reporting that typically aren’t audited.

Auditing costs are going up for companies, in part due to new accounting standards for revenue recognition and leases, according to a new survey.

Chairman William Duhnke said the board is also doing more outreach to audit committees.

The Big Four firm is winning back customers and no longer bleeding staff as it rebuilds an image tarnished by a series of scandals.