Audit

When it came to snagging new engagements, mergers made a major difference for many auditing firms.

The German payment processor’s Indian business became a focus point again and a Citigroup analyst said the company faces prolonged uncertainty because of the accounting allegations it’s facing.

The board is giving companies an overview of some of the key areas it will be looking at during upcoming audit firm inspections.

Regulators in some Asian countries are getting tougher on auditors after landmark defaults, in an increasingly high-stakes game as investors call for earlier warning signs amid expectations for debt failures to mount.

Seventy-six percent of internal audit groups are undertaking some form of innovation, but only 31 percent have a roadmap in place.

Repeat tax debtors and their tax pros should use tax season to clear up past balances.

The two were found guilty of sharing confidential materials ahead of a planned inspection of the Big Four auditing firm.

Richard Chambers, president and CEO of the Institute of Internal Auditors, has produced an updated edition of his memoir and advice book, “The Speed of Risk: Lessons Learned on the Audit Trail, 2nd Edition.”

The agency is subjecting a relatively small percentage of wealthy taxpayers to tax audits, and less than half of the biggest corporations in the U.S.

The laboratory-testing company facing criticism for its corporate governance, will no longer use an auditor for its Luxembourg subsidiaries who was contemporaneously signing off on the accounts of businesses controlled by the company’s largest shareholder.

'Those who look only to the past or present are certain to miss the future.'

Most chief audit executives are confident in their organization’s ability to identify and assess emerging or unusual risks, according to a new report, but management is all too often caught off guard by new risks.

A report that the lender was involved in money laundering is being probed in Denmark over the Estonian dirty-money scandal surrounding Danske Bank.

The Committee of Sponsoring Organizations of the Treadway Commission is issuing new guidance amid heightened regulatory scrutiny of the health care sector.

Deloitte’s member firm in Japan, Deloitte Touche Tohmatsu LLC, is paying a $2 million settlement to the U.S. Securities and Exchange Commission to resolve charges that it issued audit reports for a client at the same time dozens of its employees had bank accounts at a subsidiary of the client.

The International Auditing and Assurance Standards Board has issued a trio of proposed standards to improve the quality of audits, reviews and related assurance service engagements at firms.

As technology plays an ever-larger role in the auditing process, some providers like IBM are competing with Big Four firms, according to a new report.

A congressional committee heard testimony about forcing the release of the president's tax filings.

The Defense Department will soon force accounting firms it hires to disclose investigations they face.

Two firms dominate an otherwise slow quarter for new engagements.