Audits

KPMG LLP’s South African unit is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals.

All staff will face background checks every two years to try improve the firm's reputation.

The Center for Audit Quality has released a tool to help directors of public companies guard against tech threats.

The United Kingdom’s Financial Reporting Council, which oversees auditing firms, said Monday it is implementing the recommendations of an independent review of sanctions for auditors, accountants and actuaries, which include increasing the fines to £10 million ($14.1 million) or more for “seriously poor audit work” by a Big Four firm.

The Center for Audit Quality has released a publication to help audit committees oversee their companies’ implementation of the new leasing standard.

The American Institute of CPAs has appointed a new executive in charge of its professional standards.

An appeals panel sided with an auditor who wasn't allowed extra help at his deposition.