Audit

Technology disruption will be a good thing for the audit.

The client collapsed after it was discovered to have $100 million in unpaid payroll tax liabilities.

The updates will be effective for audits of financial statements for fiscal years ending on or after Dec. 15, 2020.

The Public Company Accounting Oversight Board has been pilot testing its upcoming requirements for auditors.

The $273.7 million budget represents a 5 percent increase from last year.

The U.K. Competition and Markets Authority's proposals should succeed in improving the quality of scrutiny while acknowledging a major conflict of interest in auditing.

Regulators’ proposals fall short of requiring full breakup, but would separate audit operationally.

A share collapse puts the century-long engagement at risk.

Megan Zietsman will assume her role with the Public Company Accounting Oversight Board in early 2019.

The publication contains five key components and addresses the impact of artificial intelligence and robot process automation.

Hiring shortfalls and disruptive technologies will be among the main topics of discussion in boardrooms in 2019.

Private company audit fees grew by more, but at a slower pace.

Technology is creating a future where assurance and advisory go hand in hand, the CPA.com chief says.

The auditor that shed clients and staff hopes to reestablish its business in the country.

Outgoing CAQ chief Cindy Fornelli also shared her plans for retirement.

The new publication aims to help auditors deal with the CAMs section that will soon be required under a new auditing standard.

‘We aren’t guaranteed our space,’ the AICPA chief says.

The news comes exactly a year after the disclosure of accounting irregularities and the resignation of its CEO threw the company into crisis.

Auditors such as KPMG LLP and PricewaterhouseCoopers LLP must do better when it comes to compiling a key part of companies’ annual reports, their U.K. regulator warned.

The American Institute of CPAs’ Auditing Standards Board voted to issue a long-awaited standard on audits of financial statements of employee benefit plans, although it is still awaiting some details before the standard takes effect.