Audit

The Internal Revenue Service is setting up a new unit to target the use of basis shifting between related parties as a way for partnerships to avoid paying taxes.

Revelations that the Australian arm of PricewaterhouseCoopers shared confidential information from its work with the government has sparked intense scrutiny.

The Public Company Accounting Oversight Board's amendments will make it easier to hold auditors accountable for violations, among other things.

The Securities and Exchange Commission has reappointed Erica Williams to another term as chairperson of the Public Company Accounting Oversight Board.

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors.

A former auditor, Nicolas Forissier was made a "chevalier" — or knight — of France's National Order of Merit during a ceremony at the Senate in Paris.

Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.

A recent survey from Thomson Reuters said auditors find new technology that assists during the execution/fieldwork phase of an engagement to be most useful.

The practice aid provides information on auditing the valuation of cryptoassets and audit procedures surrounding their existence, rights and obligations.

The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.