Audit

Starting last month, audit firms must now disclose the names and locations of other auditors participating over a certain percentage of the audit of public companies.

Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes Group Holdings Ltd. in the wake of allegations related to his tenure as chief executive officer and senior partner at KPMG South Africa, said he offered to step aside from the position.

Moses Kgosana, who was due to take the role of Alexander Forbes Group Holdings Ltd. chairman at the end of August, withdrew from the position after allegations emerged related to his tenure as chief executive officer and senior partner at KPMG South Africa.

The U.K. Financial Reporting Council opened an investigation into PricewaterhouseCoopers LLP’s audits of BT Group Plc over three years following an accounting scandal in the carrier’s Italian unit that led to a writedown of 530 million pounds ($687 million).

KPMG South Africa failed to raise the issue when businesses controlled by the Gupta family—friends of President Jacob Zuma—diverted the equivalent of $3.3 million of public money to pay for a family wedding and their auditing firm, documents show.

The Institute of Internal Auditors has refreshed its online Audit Executive Center with new resources for chief audit executives at internal audit departments.

The Public Company Accounting Oversight Board is continuing to uncover problems with auditor independence during recent inspections of auditors of brokers and dealers.

‘Nobody likes lawyers;’ attacks on the CBO; so you want to be a tax preparer?; and other highlights from our favorite tax bloggers.

The lobbying group for Hollywood’s top studios is auditing China’s box-office figures amid concern that ticket sales have been reported inaccurately, according to a person familiar with the matter.

Auditing firms will be required to disclose the names of other firms that participated in an audit, starting Friday.

Already reeling from a $4.5 billion bill to save its ailing No. 1 lender, Ukraine is now bracing for an even costlier rescue, and says audits by PwC’s local office were instrumental in the bank’s failure.

Auditors are increasingly taking responsibility for fraud detection and cybersecurity at companies, whether they like it or not.

The Public Company Accounting Oversight Board’s recently proposed rules on auditing accounting estimates and using the work of specialists indicate the PCAOB wants auditors to view management bias more skeptically.

Thomson Reuters has begun providing a certificate program that explains the essentials for practitioners who perform compilation, review and preparation engagements, and how to prepare for peer review.

Fifteen years after passage of the Sarbanes-Oxley Act, companies are still finding the costs of compliance heavy in terms of both dollars and man hours, according to a new report.

As more companies come under pressure to rotate their auditing firms, particularly in Europe, a new report finds companies that have changed auditors may be feeling some buyer’s remorse.

The event will focus heavily on risk management and cybersecurity.

Accountants can build workpapers by linking from the Microsoft spreadsheet platform to data from the audit software’s trial balance section.

British Telecom has picked KPMG as its new auditing firm, ending a 33-year relationship with PricewaterhouseCoopers, in the wake of an accounting scandal in the telecommunications giant's Italian unit.

As digital transformation continues to make headlines, nearly all business professionals agree that advanced technologies are going to significantly change the way we live and work over the next decades.