Audit

The Institute of Internal Auditors is pushing back against part of a proposed new standard on audit confirmations from the Public Company Accounting Oversight Board.

A new Medicare policy sets out how government auditors will review data on patient illnesses and recover excess payments that aren't justified.

Crowe U.K. replaced the Big Four firm as the auditor of U.K. entities including Adani Energy Holdings after the Indian firm bought them in 2021.

The board offered insights on the remediation process that audit firms need to undergo when addressing problems with their quality control.

The Internal Revenue Service audits Black taxpayers at 2.9 to 4.7 times the rate of non-Black taxpayers, according to a new study.

Medicare will seek about $4.7 billion over 10 years in clawback payments from private insurers that manage its programs under a long-awaited audit rule, a blow to the industry that sets up a likely court fight.

CFOs at some of the U.K.'s largest companies have already complained to the Big Four about the high costs of audits.

A sampling of important frameworks, acronyms and more.

Environmental, social and governance reporting is one of the most talked-about opportunities for accountants in years, but what will it look like for your firm?

Sen. Elizabeth Warren and Ron Wyden want the Public Company Accounting Oversight Board to do more to regulate audits of cryptocurrency companies in the wake of recent high-profile bankruptcies.

The system will include an analysis of up to 20 stablecoins based on the quality of attestations on the reserves backing them.

Plus Valid8 releases automated info-verification software, and other news and updates from the world of accounting technology.

PricewaterhouseCoopers is seeing better results on its inspections by the Public Company Accounting Oversight Board.

The International Auditing and Assurance Standards Board is asking for feedback on a new section of a proposed auditing standard that would cover group audits of less complex entities.

The venture capital firm will work with Ernst & Young on some of these audits and will increase budget allocations to help investee companies put governance guardrails in place.

A civil liberties group is taking the board to court for penalizing an unidentified auditor.

Plus, one step closer to Skynet, other news and updates from the accounting technology arena.

The Internal Revenue Service has been steadily ramping up its enforcement of partnership tax compliance.

Evergrande's board recommended the resignation of PwC after the two firms couldn't "agree on the timetable and the scope of work in respect of the assessment on the group's going concern basis."

A handful of revolutionary ideas — some new, some old — whose time may well have come in accounting.