Audit

The blue-chip auditing firm of Deloitte is being sued after signing off on the fund's financial statements before its collapse in 2025.

PricewaterhouseCoopers agreed to pay fines and compensation to settle investigations into its auditing work for the collapsed property giant.

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Hong Kong listed companies must now obtain shareholder approval to change auditors, part of a regulatory push to bolster corporate governance and transparency.

Plus, Tieout announces launch; LogicGate touts Config Newton, an agentic GRC Engineer; and other news and updates from the accounting tech world.

In its 2025 annual report, the PCAOB found that 60% of registered firms did not perform issuer, broker-dealer or substantial-role audits.

The International Forum of Independent Audit Regulators released a report summarizing its annual survey of inspection findings from audit regulators around the world.

Cybersecurity remains a key concern, according to the Center for Audit Quality and Deloitte's new report on audit committee effectiveness and priorities.

During his previous tenure at the SEC, he chaired the financial reporting and audit task force that cracked down on accounting violations and false financial statements.

Ideagen Audit Analytics' annual report on the audit landscape shows the market share landscape remaining much the same.

The internal audit function can help the enterprise pursue innovation responsibly by encouraging the development of risk management early in the AI lifecycle.

The Big Four Firm is globally embedding enterprise-scale agentic AI into its assurance engagements, meaning that audits will now use the technology in its firms worldwide.

The funding will let Modus partner with audit-focused accounting firms, and develop its technology.

The Institute of Internal Auditors is enhancing its Certified Internal Auditor Challenge Exam with a new experienced-based pathway pilot and updates for Global Internal Audit Standards.

Canada's top securities regulator alleged that KPMG failed to properly value the loans held within funds, harming investors.

Public Company Accounting Oversight Board chairman Demetrios Logothetis outlined the board's strategic plans for the next five years, and asked for stakeholder input.

The proposed cuts impact roughly 6% of the audit division's 7,100 employees. 

As part of Prime Minister Keir Starmer's efforts to grow the economy, the UK audit regulator plans to cut the number of inspections it does.