Audit

A survey of internal audit and IT leaders found that while they identity AI as a growing technology risk, they have the least confidence in their ability to evaluate and handle its risks versus other technologies.

The Center for Audit Quality and the Anti-Fraud Collaboration released a new publication on the role of the auditor in assessing and responding to fraud risk.

Companies increasingly expect their audit firms to leverage artificial intelligence to aid the audit process, according to a new survey from BDO.

Despite the focus, however, most audit plans don't currently prioritize the risks, according to a new report from the Institute of Internal Auditors.

The Securities and Exchange Commission alleged Olayinka Oyebola and his firm enabled the perpetration of a multiyear fraud scheme.

Plus, AuditBoard announces new analytics features; Airbase launches 'Touchless AP' capacities; and other accounting technology news.

The resource is designed to help jurisdictions adopt the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities.

The sanctions against Accell, Crowe MacKay, EY Switzerland, Grant Thornton Canada and Halpern 7 Associates come following an ongoing enforcement sweep.

A proposal aimed at enhancing auditor responsibility for preparing consolidated financials has led to a clash between two of India's accounting regulators.

The unexpected demise of an audit firm proved to be a boon for many small auditors.