Audit

Ernst & Young is reportedly considering spinning off the auditing side of the firm to deal with growing pressure on the Big Four to avoid conflicts of interest with their consulting practices.

A possible split confronts the problem faced by all breakups: How do you create attractive businesses out of both when one is likely to be seen as inferior?

Sweeping audit reforms are aimed at reining in the dominance of the big firms and cleaning up the industry following a string of high-profile scandals.

Several hurdles remain in an impasse over audits on U.S.-listed Chinese companies to avoid forcing them off American exchanges as early as next year, an SEC official said.

Hong Kong’s accountant body said it failed to reach an accord to prolong an 11-year mutual recognition agreement with the U.S. amid a dispute over local qualifications.

A KPMG report showed Cevdet Caner — who was not supposed to have any direct role in the company — setting meetings, weighing in on pay and berating executives.

R&D amortization; FAQs’ limits; ‘tax’ by any other name; and other highlights from our favorite tax bloggers.

The FRC fined the Big Four firm and partner Anthony Sykes over its 2010 audit of the carmaker, the latest in a long list of audit scandals surrounding the firm.

The committee is looking for a new chairperson as its current chair, Paul Sobel, plans to depart at the end of the year. 

The Big Four firm will pay more than $17.1 million over misconduct on major work it carried out for collapsed Carillion Plc and data services company Regenersis.

Think about implementing some organization and management strategies going forward with clients who want to engage in like-kind exchanges

The Top 10 Firm is taking steps to improve its audits, including hiring a former official from the PCAOB and creating an Audit Quality Advisory Council.

The Internal Revenue Service has been auditing fewer taxpayers since 2010, according to a new report, but audit rates have been plunging the most for higher-income taxpayers.

Jennifer Wilson, the leader of Convergence Coaching, says that technological advance combined with changing client demand will lead the remote audit to become the norm.

Assurance delivered by trusted auditors — who are independent and objective — is a cornerstone for the health of our financial and capital markets.

A recent report from the Big Four firm says audit committee members can no longer afford a "set it and forget it" approach to security.

The board named the members the Investor Advisory Group and the Standards and Emerging Issues Advisory Group, and scheduled their initial meeting dates.

U.S. regulators expanded the list of businesses that face possible expulsion from American exchanges because of Beijing’s refusal to allow access to the businesses’ audits.

A great many organizations that received stimulus funding during the pandemic are now finding themselves facing unexpected audit requirements.