Audit

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.

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.