Audit

The SEC's former chief accountant is back at PwC and has some thoughts for #AuditorProud Day.

On #AuditorProud Day, Wolters Kluwer’s Cathy Rowe looks at the next five years in auditing.

Grant Thornton reported Monday that its U.S. firm achieved a record level of revenue in fiscal year 2019, surpassing $1.9 billion, a year-over-year increase of 5.4 percent.

The legislation would create a whistleblower program similar to the one at the SEC, offering protection to accountants and auditors, and others who know of accounting fraud.

PricewaterhouseCoopers agreed to settle SEC charges for engaging in improper professional conduct with 15 audit clients.

Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS.

A rule requiring audit firms to disclose the names of engagement partners who participated in an audit may not be having much of an impact on audit quality.

The initial batch of audit reports for large accelerated filers describing critical audit matters don’t necessarily provide a whole lot of illuminating information.

BDO USA LLP reported a record level of revenue in the fiscal year ending June 30, 2019, as the firm re-elected Wayne Berson to his third term as CEO.

A former KPMG partner was sentenced for his role in eliciting confidential information from the U.S. audit regulator to boost the firm’s annual inspection results.

Public companies and their audit committees are revealing far more about their auditing firms, audit fees and audit partners this year, according to a new report from Ernst & Young.

Marcum and Marcum Bernstein & Pinchuk plugged some of their clients at investor conferences in violation of auditor independence requirements.

The Internal Revenue Service isn’t doing enough to audit corporate mergers and acquisitions and is wasting tens of thousands of days on cases that aren’t likely to generate more tax dollars.

Pilot tests at public companies suggest the new reporting requirements may take more time than expected.

The document can help auditors with the allowance for credit losses under the new standard for measuring credit losses on financial statements.

And Deloitte maintains its strong performance from the first quarter.

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.