Audit

As PCAOB inspections in China move forward, U.S. auditors should use caution in engagements with Chinese-based companies.

Auditing firms have been relying increasingly on outside specialists for audit engagements since the Public Company Accounting Oversight Board unveiled a new standard governing their use.

Business executives are anticipating a number of risks in 2023.

The board is finding deficiencies in about one-third of the audits it inspected in 2021.

The average number of critical audit matters per audit report has declined over time, while the proportion of audit reports that communicate only a single CAM has increased.

The board levied sanctions and fines totaling $7.7 million against three of KPMG's member firms in the U.K., India and Colombia.

The Institute of Internal Auditors sent a letter to lawmakers urging them to set new requirements for crypto exchanges in the U.S.

The Top 25 Firm's major merger with Friedman brought it a host of new engagements.

The inspector general's investigation found no evidence that the former FBI leaders' returns were chosen deliberately.

A recent report from AuditBoard says that cybersecurity and data privacy are among the key risks facing internal auditors today.