Audit

Plus, Forwardly announces AI bill pay system; Patriot Software introduces Auto Payroll; and other accounting technology news and updates.

Among the targets of the audit is a business development program designed to serve socially or economically disadvantaged individuals.

The One Big Beautiful Bill Act's presence, like it or not; return of beneficial ownership information; that familiar sense of dread; and other highlights from our favorite tax bloggers.

No matter what internal audit gets called to do, there will always be a cadre of misguided executives and board members who think internal audit is just an extension of the finance function.

The average number of CAMs per report decreased to 1.27 in 2024, per Ideagen Audit Analytics' latest report.

The Securities and Exchange Commission and the Public Company Accounting Oversight Board have been lightening the load on audit firms.

The International Federation of Accountants is teaming with the International Bar Association to combat money laundering, while signing a pact with audit groups.

The Big Four firm estimates complete end-to-end integration of AI in the audit cycle is about one year away.

With the latest AICPA quality management standard, SQMS 1, firms will have to take a more holistic approach to quality.

New AI-powered features for client collaboration and audit engagements are available in CCH Axcess.

U.S. investigators are demanding a former executive's communications with the U.K. auditor and others involved in financial reporting before the startup's bankruptcy.

The Institute of Internal Auditors has set up a Global Audit Committee Center in Washington, D.C., to provide a global hub for strengthening audit committees.

The adoption of artificial intelligence technology in audit functions is on the rise, increasing from 8% to 21% in only one year, according to a new report.

This marks the Big Four firm's fourth layoff in three years.

The Public Company Accounting Oversight Board found that 29% of companies with major restatements reported an auditor change in the year preceding the restatement.

The Public Company Accounting Oversight Board sanctioned Daniel Carpio Diaz, a former EY Peru audit partner, for violating multiple rules and standards.

Employee benefit planners need to be thinking about the OBBBA and other Trump administration initiatives.

The Public Company Accounting Oversight Board released staff guidance to help auditors implement Paragraph .10A of AS 1105, "Audit Evidence."

Over 90% of SPACs were audited by firms outside of the six largest firms, according to the PCAOB.

CAT expenses are forecasted to drop an additional $20 million given the SEC's order and other cost-saving measures.