Audit

Board chair Erica Williams warned accountants that inspectors have been uncovering more deficiencies.

Too much criticism can derail an auditor's career, according to a new study.

The groups have refreshed their guide to establishing a fraud risk management program for today's vulnerabilities.

The changes aim to increase transparency and provide more information to investors and other stakeholders. 

The IRS's $80 billion in new funding means more scrutiny of higher earners.

Enforcement actions increased 55% in 2022, although total monetary settlements were down more than 60%.

The bank should have booked provisions for more than $20 billion worth of government bonds that it had accumulated in its portfolio, the auditor said.

The board proposed revisions to its current going concern standard with the goal of improving transparency and consistent practices.

The lawsuit, filed by a Florida-based public pension fund, appears to be the first targeting the bank since it was crushed in early March by unprecedented outflows.

A new report reminds auditors of the need to critically assess their own firm's capabilities and get a better understanding of the company they're auditing.

Many advisors have clients who took out the forgivable loans. Some wealth management firms did the same. Three years after the government doled out more than $800 billion in mostly-free cash, here's what's happening.

The board issued a staff report warning of high rates of deficiencies at special purpose acquisition companies.

Inspectors with the board listed their top priorities for inspections this year in a new staff report.

The service wants to hire more accountants, lawyers and other professionals to focus on high-income taxpayers and large corporations.

Plus, Nova Technology announces blockchain-powered credit management; and other accounting technology news.

At the time of the audit failures, Luceco was the parent of a group of companies producing lighting products and wiring accessories.

Former commissioners weigh in on the details of the Strategic Operating Plan and how the agency will spend its $80 billion.

Supporting the growth of small auditing firms could help advance the field.