Audit

China will strengthen regulations on the CPA sector, a deputy finance minister told Deloitte after the the Big Four firm was hit by a record fine.

Management at the Brazilian retailer told auditor PwC and its audit committee there were no supply-chain financing ops, but gave securities regulators conflicting information.

Plus, Genius Scan introduces new expense reporting capacities; Xero to retire WorkflowMax; and other news from the accounting technology arena.

Overall new client additions — and departures — continue to rise, thanks to M&A.

Employees in investment consulting, compliance, legal and audit would worry over their jobs, given duplications with UBS.

The IIA's Anthony Pugliese discusses how changes in the business landscape are changing the risks that internal auditors need to pay attention to.

The Ministry of Finance said it found 'serious audit deficiencies' in the Big Four firm's audits of Huarong of troubled bad-debt manager Huarong.

The agency had scaled back audits of all taxpayers between 2010 and 2019, with the total audit rate falling to 0.25% from 0.9%.

The Big Four firm gave a clean audit opinion to Silicon Valley Bank's parent company and Signature Bank only weeks before they failed.

A marked increase in staffing shortages at auditing firms has resulted in significant setbacks to complete issuers' financial disclosures, S&P said in a report.