Audit

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.

A small Pennsylvania auditor picked up a big tranche of engagements from another auditor that exited the field.

The Public Company Accounting Oversight Board posted a new "knowledge check" to help auditors gauge their understanding of AS 2310.

The Public Company Accounting Oversight Board sanctioned Natalie Murphy, a former partner at Heaton & Company, for violating rules and standards.

The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.

The PCAOB censured the firm, imposed a $2.75 million fine and instituted quality control requirements.

CBIZ and Mayer Hoffman McCann had been operating under an alternative practice structure long before many other firms began adopting one after a PE investment.