Audit

In a comment letter, the institute says the board's new requirements could drive smaller auditing firms out of the market.

The Public Company Accounting Oversight Board's 2025 budget totals $399.7 million, and the accounting support fee totals $374.9 million.

The average audit fee increased to $3.01 million in 2023, up from $2.83 million in the previous cycle, according to a new report.

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have renewed their memorandum of understanding for another three years.

Plus, Avalara named leader in three IDC MarketScape reports; LeaseCrunch to hold webinar; and other accounting tech updates.

The features automate audit planning over multiple periods and provide in-context guidance for end users of the audit management platform.

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

The nominee for head of the Securities and Exchange Commission, Paul Atkins, will pursue a more deregulatory and crypto-friendly approach than Gary Gensler.

The Public Company Accounting Oversight Board will continue its inspection focus on public companies in the financial, real estate and information technology sectors.

Knowing how to distinguish between what is required by standards and what is opinion is crucial for auditors to confidently navigate these reviews and inspections.

The Public Company Accounting Oversight Board is also offering insights on improving audit committee communications and a video on the new confirmation standard.

As the IRS scrutinizes large partnerships, they have new ways to report and correct errors in their returns.

The Public Company Accounting Oversight Board sanctioned Raines & Fischer and three of its partners for attempting to deceive inspection staff and other violations.

On the path to 600; know your VAT; the overseer of marketing; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board posted a disciplinary order sanctioning Weinstein International CPA and its sole partner for audit and quality control failures.

The fiscal year-end brings a cycle of intense workloads that can extend into the new year, as accountants and auditors work to close the books.

The latest data on the growth of the IRS's Direct File program, how many corporate tax pros believe generative AI is beneficial in accounting, and other key metrics.

The investigation determined that "the conclusions EY stated in its resignation letter were not supported by the facts examined in the review."

The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.