Audit

Accounting and financial firms and business groups are sending comment letters to the Securities and Exchange Commission ahead of a deadline Friday for approving a new standard from the Public Company Accounting Oversight Board on expanding the scope of audit reports.

PricewaterhouseCoopers LLP was fined 5.1 million pounds ($6.6 million) for misconduct over its audit of RSM Tenon Group Plc in the largest-ever sanction issued by the U.K. accounting regulator.

KPMG has agreed to pay more than $6.2 million to settle charges it failed to properly audit the financial statements of Miller Energy Resources, a Knoxville, Tenn.-based oil and gas company that settled accounting fraud charges last year, the Securities and Exchange Commission said Tuesday.

The American Institute of CPAs is recommending a set of changes to the Internal Revenue Service’s proposed partnership audit regulations.

Three international standard-setting boards for auditing, accounting ethics and accounting education issued a new publication Monday in the hopes of making accountants and auditors more skeptical of management assertions.

The American Institute of CPAs said Monday that it supports a new policy from the National Credit Union Administration on how audit reports on credit unions should be submitted.

Starting a practice; recruiting only gets tougher; deducting vacation; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board will award one student each from 167 institutions to encourage audit careers.

The Public Company Accounting Oversight Board has imposed a $1 million civil penalty against PricewaterhouseCoopers and censured the firm for its audits of Merrill Lynch.

The American Institute of CPAs has released an analysis of single audits and found several factors contribute to audit quality, indicating why some firms are having problems doing the audits.

Workiva customers can use a Wdesk connector or build their own integrations through the Wdesk API.

The American Institute of CPAs has issued a new guide to help accountants provide assurance on their corporate clients’ environmental information.

The head of the National Treasury Employees Union, which represents Internal Revenue Service employees, is asking Congress not to cut the IRS budget again.

The Center for Audit Quality and the Securities and Exchange Commission Historical Society are celebrating the 15th anniversary of the passage of the Sarbanes-Oxley Act with a series of videos featuring commentary from several accounting, finance and auditing experts.

The Public Company Accounting Oversight Board is disciplining Crowe Horwath’s member firm in Hong Kong for refusing to turn over audit work papers.

The American Institute of CPAs has released a new standard that provides guidance to auditors about their responsibilities when auditing securities exempt from registration under the Securities Act of 1933 and franchise offerings known as exempt offerings.

The Sarbanes-Oxley Act was signed into law on July 30, 2002 and has led to vast changes in the accounting profession, although not necessarily in corporate ethics.

Females are substantially underrepresented compared to males as accounting firm partners, according to a new academic study that found only 17 percent of audit partners with U.S. audit clients are women.

Everybody's online. Now accountants can leverage this reality to create better auditing engagements.

Unagreed IRS audits are just one area where teaming up can help accountants and tax pros.