Audit

The House Financial Services Committee is considering legislation to transfer the Public Company Accounting Oversight Board's responsibilities to the SEC.

The International Auditing and Assurance Standards Board is proposing to tailor its standards to align with recent additions to the IESBA's Ethics Code.

Big Four firm KPMG announced that it has built several new AI agents into its global smart audit platform Clara, with plans to develop more in the future.

Paul Atkins was sworn in as the new chair of the Securities and Exchange Commission and is expected to bring a more deregulatory and crypto-friendly approach.

The Public Company Accounting Oversight Board sanctioned Adeptus Partners and its partner Howard Krant for violations related to supervision, review and quality control.

New staff presentation videos aim to help firms implement the four components of QC 1000, 'A Firm's System of Quality Control.'

How honest will Americans be about their income when there are suddenly fewer auditors to check them?

The collapse of BF Borgers in May 2024 unleashed a flood of new clients.

The latest data on the number of accountants working remotely, and where residents experience the highest and lowest lifetime tax burdens.

As AI works its way into more and more business processes, it has become increasingly important for auditors to understand where, why, when and how organizations use it and what impact it is having.

Big Four firm EY announced a collection of new AI solutions to enhance the work of its assurance professionals, as part of its $1 billion investment in AI.

The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business's prospects as a going concern.

Should auditors be involved in real-time financial monitoring? The potential is huge, but so are the challenges that come with it.

The 10 firms with the most public company audit clients accounted for 65% of the total market, down from 70% in 2023.

Retail entrepreneur Christine Hunsicker resigned from CaaStle after the startup's board of directors alleged she misrepresented the company's performance.

Builder.ai lowered sales figures and hired auditors, a major setback for the artificial intelligence startup backed by Microsoft and the Qatar Investment Authority.

The Public Company Accounting Oversight Board was active with enforcements in 2024, but President Trump's deregulatory attitude stands to change what's next.

The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.

The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.

Even when auditors follow all the standards and perform a high-quality audit, they can still be sued.