Audits

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

The Financial Reporting Council's assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.

The integration allows auditors to automate and track bank confirmations for any of their engagements.

It’s said auditors get off lightly when companies fail. Tell that to the PricewaterhouseCoopers partner who signed off on the accounts of failed British retailer BHS. He has just received a 325,000-pound ($434,000) fine and a record 15-year ban from audit work.

The City of Brotherly Love ranked at the bottom of the top 10 biggest U.S. cities.

The Committee of Sponsoring Organizations of the Treadway Commission has added to its widely used Enterprise Risk Management Framework.

The Middle Eastern investment firm has been roiled by allegations of misused funds.

The Center for Audit Quality is supporting research into professional skepticism, critical audit matters, and more.