Audit

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.

GT's new group arrives only a week after Ernst & Young made a similar move.

IRS data provides all the information needed to figure out the answer.

Kering SA, the French owner of the luxury brand, owes about 1.4 billion euros to Italy in back taxes.

The Public Company Accounting Oversight Board's 2017 report on the Big Four firm shows a number of continuing deficiencies.

What accountants, controllers and CFOs should keep an eye on this year, based on discussions with peers in different areas of technology and business.

EY will get advice from luminaries from the Public Company Accounting Oversight Board, the Financial Accounting Foundation and Vanguard.

A primer on what the landmark sales tax ruling means for businesses.

Technology and the audit

The framework aims to help more firms spell out how they're working to improve their auditing services.

The Internal Revenue Service has issued final regulations implementing the centralized partnership regime, allowing the IRS to audit large partnerships, such as hedge funds and private equity firms, more easily.

Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported by investors who want newly acquired companies to be audited as well, according to a new study.

The Institute of Internal Auditors is beginning to re-evaluate the “Three Lines of Defense” model that has been around for more than two decades.