Audit

Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties.

Financial restatements, which have generally been on a downward trend since 2003, spiked in 2021.

Democratic lawmakers want the service to look into the possible abuse of tax breaks on the island.

The board voted to approve a new budget for fiscal 2024, and revealed it surpassed last year's record amount of fines.

A recent survey has found internal auditors are optimistic about the economy and about the availability of talent going into 2024 despite ongoing risks in both areas.

Pentagon officials nonetheless claimed significant progress in tracking its assets and correcting hundreds of deficiencies in its accounts.

The audit overseer hit at least nine different firms, with fines totaling approximately $4 million.

Average fees increased by 4.6% from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report.

The former co-CEOs of Bitwise Industries used a number of fake documents to help raise money from investors.

These audits are essential to ensure that integration processes are executed correctly, risks are identified and mitigated, and controls are in place to safeguard the organization's assets and financial reporting.

The board has revised its standard-setting, rulemaking and research agendas for the year ahead after a series of unprecedented changes this past year.

PE investment in accounting is potentially big business. Here's some of the views from key players in the ecosystem.

Internal auditors have found hundreds of referrals from other lawyers for Camp Lejeune and other cases were bogus, often based on doctored medical records and fictional reports of illness.

The outcomes of this project will provide a clear-eyed vision of how we move the profession forward and collectively elevate the value of internal audit in the years ahead.

Plus, Gusto and FreshBooks jointly release FreshBooks Payroll; and other accounting technology news.

George Botic succeeds the commission's longest-serving member, Duane DesParte, whose second term ended Tuesday.

The NFRA has requested files and communications related to S.R. Batliboi's audits on some companies going as far back as 2014, sources said.

The board imposed a $175,000 fine on Smythe LLP, a Vancouver-based firm, for violating its rules and quality control standards on four audits.

The service is improving its online tax pro accounts and hiring more accountants as it targets big corporations for audits.