Audit

Microsoft is making its Copilot for Finance generative AI solution available for public testing.

Ernst & Young issued a major mea culpa following a failed split of the firm.

The 83 publicly disclosed accounting and auditing enforcement actions in FY 2023 represented the highest number of actions initiated since FY 2019.

Auditors are including CAMs in more of their opinions but disclosing fewer CAMs per opinion, according to an Ideagen report.

The Public Company Accounting Oversight Board is proposing a new rule to prevent auditing firms from making false or misleading statements about being registered or overseen by the PCAOB.

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.

If you audit or manage a startup company or other privately held business, don't overlook the treatment of stock-based compensation.

The agency will begin three to four dozen new audits this spring to see if inappropriate deductions were made.

The Public Company Accounting Oversight Board levied a $2 million fine against WithumSmith+Brown for violating quality control rules.

The Internal Revenue Service will be scrutinizing the use of corporate jets, focusing on big corporations and partnerships, as well as high-income taxpayers.

The Public Company Accounting Oversight Board levied sanctions and penalties against four auditing firms as part of a sweep.

The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.

The International Ethics Standards Board for Accountants has proposed new rules to help auditors steer companies away from greenwashing.

The engagement partner and engagement quality review partner on the audit of Mexican steelmaker owe a combined $165,000.

Avoidance above all; conferences to attend; creeping brackets; and other highlights from our favorite tax bloggers.

The International Auditing and Assurance Standards Board is proposing to toughen its rules for requiring auditors to look for signs of fraud in a client's financial statements.

The guidance would align with COSO's widely used internal controls and enterprise risk management frameworks.

Audit reports contain significant, material information, argues accounting educator J. Edward Ketz.

The Public Company Accounting Oversight Board staff report offered insights into the PCAOB's inspection program for auditors of broker-dealers and issues with professional skepticism and low-ball fees.