Audit

IRS audit rates have dropped, but that doesn’t mean clients shouldn’t be prepared.

Erik Asgeirsson of CPA.com and Sue Coffey of the Association of International Certified Professional Accountants examine the broader evolution of auditing, and the specifics of the AICPA's Dynamic Audit Solution.

This is the latest case of a Big Four firm being sanctioned for its accounting shortcomings.

The Public Company Accounting Oversight Board posted two new pages to its website to help implement some of its standards and amendments that have recently been approved by the Securities and Exchange Commission.

PricewaterhouseCoopers LLP has added cryptocurrency auditing to its list of services as the firm expands into an asset class that is steadily adopting the accoutrements of traditional finance.

The American Institute of CPAs’ Auditing Standards Board has issued a proposed standard on audit evidence to update an older standard and include new technologies such as data analytics and blockchain.

Many audit teams are neglecting to implement new technologies that could reduce the time needed for SOX audit requirements.

The company is developing technology to inject AI into the audit process.

Audit automation is at the forefront of accounting technology innovation right now, with artificial intelligence changing the landscape of sampling and analysis.

The Institute of Internal Auditors is asking for input on a proposed update to its widely used document.

The Securities and Exchange Commission charged the firm with changing some of its previous audit work and manipulating results of its internal training tests.

Accountants should transform their services now, before they have to, say Erik Asgeirsson and Mark Koziel.

PricewaterhouseCoopers was fined 4.55 million pounds by the U.K.’s accounting watchdog over failings in its handling of technology firm Redcentric.

Susan Coffey discusses trust, value and opportunity in assurance at the 2019 AICPA Engage conference in Las Vegas.

The Internal Revenue Service tends to impose relatively few accuracy-related penalties during audits of large businesses, according to a new report.

The former COO of the IFRS will be chairing the International Auditing and Assurance Standards Board after the previous choice abruptly backed away from taking the post.

A U.S. bill that proposes to delist Chinese firms that don’t open their audit books to American regulators could benefit Hong Kong Exchanges & Clearing Ltd. as companies instead turn to the city’s bourse.

With states hungry for revenue, these risk factors may draw unwanted attention to your clients.

Auditors and people; whistleblowers’ comfort; Wayfair developments; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board has published guidance from its staff on how auditors can communicate critical audit matters in their audit reports.