Audit

Internal auditors are reporting more cuts in their staffing and budgets, according to a survey by the Institute of Internal Auditors' Internal Audit Foundation.

Audit and GRC solutions provider AuditBoard has been renamed Optro to reflect a single, coherent view across audit, risk, infosec and compliance.

Investors place strong trust in public company audits as a check on the financial statements issued by companies, but auditor independence remains a focus.

Enforcement activity against accounting and auditing firms declined sharply last year under the second Trump administration, according to two new reports.

The American Institute of CPAs' Auditing Standards Board posted a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030.

After saying for years that major accounting firms were unwilling to provide auditing services, Tether Holdings SA received a sign-off from Deloitte on the first-ever reserve report for its USAT stablecoin that was launched to comply with new U.S. regulations.

Plus, Propense unveils Hatfield client service AI; Skipentry premieres with QBO data extractor tool; and other accounting tech news and updates.

The American Institute of CPAs' Auditing Standards Board proposed a set of updates to its attestation standards regarding sustainability and other emerging assurance issues.

The Public Company Accounting Oversight Board and the Securities and Exchange Commission curtailed enforcement actions against auditors significantly in 2025.

Even as auditors reported their lowest overall haul of new clients in almost four years, BDO USA topped the charts with a strong number.

Top 10 Firm BDO USA added 10 new clients at the end of 2025, almost all from its November acquisition of Top 100 Firm Horne.

The Securities and Exchange Commission is making extensive changes in auditing and accounting as it continues to deregulate under the Trump administration.

AI-enabled fraud has become so sophisticated more than one-third of senior internal audit leaders aren't even sure whether or not their organizations have been the targets of any attempts.

The vast majority of professional auditors have expressed concern that AI tools, while helpful, risk undermining professional judgment and eroding the trust people have in the profession entirely.

The IRS can broaden the audit, and, in the wrong fact pattern, frame the issue as deliberate concealment rather than poor recordkeeping.

Around the world, audit, risk and accounting teams are grappling with rising geopolitical and macroeconomic uncertainty.

Some auditors have taken on exceptionally high listing workloads alongside existing mandates.

Grant Thornton has sold its quality management application qm.x to accounting AI software company Tellen, though the firm will keep using it.

Demetrios "Jim" Logothetis was sworn in as chair along with two new board members, Mark Calabria and Steven Laughton, just over a week after they were named.