Audit

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.

The Auditing Standards Board will be proposing a set of updates to its attestation standards to address sustainability information and other assurance issues.

The Public Company Accounting Oversight Board posted a staff report on testing transactions between broker-dealers and related parties.

Audit AI solutions provider Fieldguide announced a $75 million Series C round.

The SEC named Demetrios "Jim" Logothetis as chairman of the PCAOB, and Mark Calabria, Kyle Hauptman and Steven Laughton as board members.

The pros and cons of Trump's pitch to move from quarterly financial reporting to semiannual are not as clear-cut as either side thinks.

Alt5 replaced its auditor last month less than three weeks after hiring it, bringing on L J Soldinger Associates as its third audit firm in under two months.

Plus, Schneider Downs Digital launches AI finance companion; Ramp introduces live budget tracking; and other accounting tech updates.

The Securities and Exchange Commission approved a decreased budget for the Public Company Accounting Oversight Board, plus a lower accounting support fee and salaries.

The PCAOB sanctioned audit firm Zwick CPA, its owner Jack Zwick and audit manager Jeffrey Hoskow for violations related to an audit of Genie Energy.

A small financial-technology company tied to a Trump family crypto project has fired its auditor, the latest sign of turmoil at the Las Vegas-based firm.

The overhaul at the board continues as William Ryan succeeds Robert Rice, who is retiring at the end of the year.