Audit

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%.

2024 will be a demanding year for internal auditors who will be facing new requirements and updated standards.

The Securities and Exchange Commission's chief accountant cautioned auditors and public companies about the statement of cash flows after spotting problems that could lead to a financial restatement.

Nearly one-third of public companies are using artificial intelligence in their financial reporting, according to a new survey.

The International Auditing and Assurance Standards Board has unveiled a new standard for auditing smaller businesses and organizations.

The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.

Plus, Xero now automatically calculates sales tax; and other accounting technology news and updates.

The case involves a former hedge fund manager whom the SEC accused of misleading investors.