Audit

The Center for Audit Quality has published a guide to the Public Company Accounting Oversight Board’s new audit reporting model and the critical audit matters that auditors will be required to start including in their audit reports next year.

Three firm leaders shared their challenges and the new trends they are facing.

The accountancy profession, and the role of audit, have responded to an increasing pace of change in our society, economy and capital markets.

The Government Accountability Office has updated its auditing standards guide.

The International Federation of Accountants has released an updated reference.

Chris Geier has been watching what is going on at Deloitte and wondering who the next leader will be.

PricewaterhouseCoopers was blamed for negligence in the audit of Colonial BancGroup.

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

Xerox Corp.’s Chief Executive Officer John Visentin blasted his Fujifilm Holdings Corp. counterpart’s efforts to revive merger talks and warned he doesn’t plan to renew the companies’ Asia joint venture in 2021.

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

The Financial Reporting Council's assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.

The AICPA chief calls for the profession to get ahead of change by building new visions of itself.

Based on a flawed 1998 study, the war on spreadsheets continues unabated.

The integration allows auditors to automate and track bank confirmations for any of their engagements.

It’s said auditors get off lightly when companies fail. Tell that to the PricewaterhouseCoopers partner who signed off on the accounts of failed British retailer BHS. He has just received a 325,000-pound ($434,000) fine and a record 15-year ban from audit work.

The City of Brotherly Love ranked at the bottom of the top 10 biggest U.S. cities.

The Committee of Sponsoring Organizations of the Treadway Commission has added to its widely used Enterprise Risk Management Framework.

The Middle Eastern investment firm has been roiled by allegations of misused funds.

An amendment to the AICPA Code of Conduct requires CPAs to re-examine the nonattest services they offer.

The Center for Audit Quality is supporting research into professional skepticism, critical audit matters, and more.