Audit

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.

A regulatory probe into PricewaterhouseCoopers LLP related to Tesco Plc’s accounting scandal was dropped as the Financial Reporting Council said there was little chance of an adverse finding in the case.

The right ethical structure in the workplace is critical to deterring fraud, according to James Ratley of the Association of Certified Fraud Examiners.

The Public Company Accounting Oversight Board has issued a pair of new proposals: to strengthen its requirements for an auditor’s use of the work of specialists, and for auditing accounting estimates such as fair value measurements.

The new model includes discussion of 'critical audit matters,' the length of the auditor's tenure, and new standardized language and formatting.

The Institute and their Assurance Research Advisory Group (ARAG) will provide up to $15K of funding to winners.

The Center for Audit Quality's program has now funded over $600K in projects.

Audit firms in particular have the core strengths needed to help companies evaluate their security risk.

NICE Actimize has introduced anti-bribery and corruption software that monitors organizations’ financial systems looking for signs of criminal schemes.

BKD LLP has added Paragon Audit & Consulting, building the firm’s internal audit and enterprise risk management practices in Denver.

The Public Company Accounting Oversight Board is planning to hold an open meeting next Thursday, June 1, to consider adopting a long-discussed set of changes to the auditor’s reporting model.

The American Institute of CPAs’ Auditing Standards Board has released a new interpretation for practitioners performing attestations using more than one set of standards.