Audit

These red flags always draw the IRS’s attention.

Failure to establish nexus may undermine a bid for research and development tax credits.

Vulnerability to fraud can pose a catastrophic risk to any company, but to a small business, it can mean life or death.

New research suggests that when auditors are sick with the flu, the quality of their work declines.

Data-driven technology has the power not only to revolutionize the profession, but also to provide greater insight and analysis.

Three pieces of guidance outline new requirements for companies to disclose CAMs in their audit reports.

Steinhoff International Holdings NV plans to dig deeper into the accounting misdeeds that brought the retailing giant to its knees as it seeks to get to the bottom of some $7.4 billion in fictitious or improper deals.

PricewaterhouseCoopers has settled with the Federal Deposit Insurance Corporation for $335 million over its audits of Colonial Bank, which failed in the midst of the financial crisis.

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.