Audit

The commoditization of audits is contributing to the CPA shortage.

The Public Company Accounting Oversight Board also permanently barred a sole practitioner in New York.

Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.

In the year since a $5 billion accounting fraud scandal erupted at his former company, the Rio de Janeiro native has relocated to Spain while Brazilian investigators continue their probe.

If CFOs, controllers and other finance leaders implement a handful of straightforward best practices before, during and after an audit, they can maximize efficiency and insight for everyone involved.

Swag taxes; audit ROI; your best reading for 2024; and other highlights from our favorite tax bloggers.

The service reported on its increased enforcement efforts on Friday, including collecting over half a billion dollars from millionaires who didn't pay their taxes.

The AICPA & CIMA have begun accepting nominations for their EDGE in Teaching Awards and Distinguished Achievement in Accounting Education Awards.

The Institute of Internal Auditors' newly updated set of Global Internal Audit Standards takes effect in January 2025.

Perceived deficiencies in oversight posed a risk that licenses could be granted to applicants lacking financial stability or cybersecurity standards, an audit team wrote.

The International Auditing and Assurance Standards Board is planning to make some minor adjustments in its quality management and global audit standards to align them more closely with international ethics rules for accountants.

The Association of Certified Fraud Examiners has joined a collective effort of organizations including the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors.

Auditor disclosures of client-specific quantitative materiality thresholds, which are required in the U.K. but not the U.S., could be encouraging some businesses to massage their earnings reports.

A DOL study uncovered problems in almost a third of employee benefit plan audits — but that's actually an improvement.

The residential landlord with thousands of properties across Germany has been under intense public scrutiny since October 2021.

The board's target team shared the results of its in-depth exploration of emerging audit risk.

The board released a staff report outlining its inspections plans and highlighting key risks.

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

The deal saved hundreds of Chinese companies in the U.S. from being booted off American stock exchanges but has done little to revive the flow of initial public offerings.

The Securities and Exchange Commission approved the board's 2024 budget totaling $384.7 million, up approximately 10%.