Audit

The Big Four firm separately released reports on audit committee priorities, human capital and M&A trends.

The House voted to repeal billions of dollars of Internal Revenue Service funding that Democrats approved last year, an issue that is likely to crop up repeatedly this year.

A new bill could tighten government auditing rules in Montana, including adding penalties for state employees who do not comply with audits.

Audit committees saw plenty of new proposals last year that could turn into final rules in 2023.

The Internal Revenue Service audited fewer taxpayers last year, according to a new report, although audits of millionaires ticked up slightly.

The collapse of FTX has many asking the old question, "Where were the auditors?"

Companies can alleviate some of the coming stress with proactive planning, processes and collaboration.

They can now be kicked off U.S. exchanges after just two years, not three.

The Securities and Exchange Commission voted to approve the Public Company Accounting Oversight Board's 2023 budget and annual accounting support fee ahead of the holidays.

"Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws," said SEC chair Gary Gensler.

The Internal Revenue Service would be legally mandated to annually audit the president and publish the results under legislation passed by the House.

Plus, the Institute of Internal Auditors expressed serious concerns about a recent board proposal on audit confirmations.

As 2023 comes into view, the specter of 87,000 new IRS employees has gotten the attention of accountants and bookkeepers — as well as small and midsized business owners.

The move caps a three-year legal saga initiated by Democrats to obtain and release the former president's closely held financial documents.

The new standard for audit confirmations would replace an interim standard that hasn't changed for two decades.

The board released its latest inspection reports on Deloitte & Touche, PricewaterhouseCoopers, KPMG and Ernst & Young, plus BDO USA and Grant Thornton.

A recent study found that using machine learning in tax audits can significantly increase evasion detection as well as delinquent tax collection.

Michael Burry, the investor who foresaw the housing market crash in 2008, is skeptical about today's proof-of-reserve audits.

The accounting firm Mazars Group halted work for Binance and other crypto firms on reports that are meant to demonstrate that the companies hold the necessary reserves.