Audit

The International Auditing and Assurance Standards Board and the International Sustainability Standards Board provided help with adopting their standards.

The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James Pai CPA and its partner for audit failures.

The Financial Reporting Council hit PwC with a $3.8 million penalty and one of its accountants with a $43,250 penalty over their audit of Sanjeev Gupta's Wyelands Bank.

The Public Company Accounting Oversight Board has created three videos from its staff on its quality control standard's monitoring and remediation process.

The American Institute of CPAs' Auditing Standards Board is looking for feedback on its proposed strategic plan for 2026-30.

The Board and the Romanian audit oversight authority agreed on a statement of protocol that allows for cooperation for the oversight of auditors.

The Institute of Internal Auditors is asking the federal government to give the internal audit function a key role in providing assurance over the use of artificial intelligence as part of a nationwide action plan.

The Public Company Accounting Oversight Board today appointed members of the Investor Advisory Group and the Standards and Emerging Issues Group.

Turkey's Treasury and Finance Ministry is using artificial intelligence to track down money earned by psychics and fortune tellers as part of a broader drive.

The term 'forensic audit' is an oxymoron, and its use is not only wrong, it's dangerous, at least as far as our world is concerned.

Plus, Intuit launches Tap to Pay for iPhone users, AuditBoard unveils new AI-driven features, and other accounting tech news.

The Public Company Accounting Oversight Board staff released a new publication aimed at helping firms complete Form AP.

The latest data on the number of students studying accounting, new state tax rates for 2025 and other major metrics.

The Securities and Exchange Commission dramatically pulled back on accounting and auditing enforcement last year after two years in a row of increases.

The PCAOB sanctioned a former BF Borgers partner for audit failures and violating partner rotation limits, and PwC Singapore for violating rules and quality control standards.

Internal auditors are taking on more responsibilities, leveraging generative AI for tasks such as audit planning and reporting, says a new IIA report

The Public Company Accounting Oversight Board imposed $3.375 million in fines on KPMG firms in Australia, Brazil, Canada, Israel, Italy, Mexico, South Korea, Switzerland and the U.K.

Environmental, social and governance work holds tremendous potential for accounting firms.

Enforcement activity was more muted in the second half of the year, due to a Supreme Court decision and multiple lawsuits against the PCAOB, says a new report.

The Institute of Internal Auditors has released a draft version of proposed requirements on third-party governance, risk management and control processes.