Audit

For students aspiring toward a career in the audit and assurance profession, embracing electives that could stand out on their resumes, in addition to completing core coursework, can help set them apart.

Amendments are being added to three sets of standards for special-purpose, single and summary financial statements.

The fifth largest accounting firm had problems with at least 15 audit clients.

The Public Company Accounting Oversight Board issued four documents explaining the new rules.

The move comes amid worries that firms are letting their clients off the hook too readily.

The discussion paper explains some of the challenges when a subject can’t be measured quantitatively.

The Public Company Accounting Oversight Board has released its latest yearly report on its inspections of firms that audit broker-dealers and found deficiencies remain at a high level.

The prevalence of fraud in modern corporations is astounding when one considers the architecture that is in place to eliminate it.

The federal government is collecting billions of dollars less than it could because of resource shortages at the tax agency, according to a new study.

The U.K. retailer plunged after its audit quit without a replacement, heightening corporate governance concerns.

Auditing firms that tend to find material weaknesses in companies’ internal controls are seen as less attractive in the audit market, according to a new study.

AICPA chief auditor Bob Dohrer shares new developments in the rules around audit evidence, key audit matters for non-public clients, and much more.

Most enterprises that don’t use artificial intelligence only audit up to 10 percent of their spending, according to a new report.

French lessons; our tax system, by the numbers; return of the 1099-NEC; and other highlights from our favorite tax bloggers.

The former executives were charged with manipulating income at the New York-based shopping-center owner.

Accounting giant KPMG was fined 3.5 million pounds ($4.24 million) for misconduct over reports on Bank of New York Mellon Corp.

Early planning for an IPO is essential for avoiding many unpleasant surprises, and helps establish best practices for future reporting and compliance.

The U.K. retailer reported a surprise tax bill of almost $750 million, the departure of its financial chief and deepening woes at department-store chain House of Fraser.

The Internal Revenue Service has issued a revenue procedure giving some partnerships extra time to file a Form 1065 and the accompanying Schedule K-1.

Sports Direct International Plc shares headed toward a seven-year low after the U.K. sports-apparel retailer delayed publishing its results as auditors increase their scrutiny of its accounting.