Audit

An extra $80 billion over 10 years will have major repercussions — though not necessarily the expected ones.

The document includes new tools and resources on committee requirements, oversight responsibilities and strategies for promoting effectiveness.

Banking depositors perceive failures at financial institutions as failures on the part of auditors, reducing their assessment of the credibility of an auditing firm.

The Public Company Accounting Oversight Board has again rejiggered its standard-setting and research agendas, adding three new projects.

They've also tripled since the passage of Sarbanes-Oxley in 2022, according to a recent report.

PPP misrepresentation; rebuilding clients' basis; what you're doing wrong; and other highlights from our favorite tax bloggers.

The auditors have agreed to penalties for failing to disclose who led individual audits.

The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client.

Deloitte's member firm in China agreed to pay a $20 million penalty to settle charges with the Securities and Exchange Commission that the firm asked its audit clients to do their own auditing work.

Switching accounting firms had been seen by some companies as a way to satisfy a 2020 law that threatens to remove businesses from the NYSE and Nasdaq if U.S. officials can't inspect their audit work papers.