Audit

The American Institute of CPAs' Auditing Standards Board is looking for feedback on a proposed standard updating auditors' responsibilities related to fraud.

The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits.

Helping clients through tax controversy cases with the IRS means knowing which battles are winnable.

Technology is driving transformation in audit at an ever-faster pace, says EY's Paul Goodhew.

AI-driven firms fail to mention that if their AI-generated tax advice results in an audit, their customers, not the firms themselves, are held legally liable.

The audit overseer fined Deloitte Netherlands, PwC Netherlands and EY Netherlands a total of $8.5 million after finding widespread exam misconduct on internal training tests.

The Public Company Accounting Oversight Board sanctioned the firm Michael T. Studer CPA and Michael Studer for repeat violations related to a 2019 audit.

The provision would have eliminated the Public Company Accounting Oversight Board and transferred its responsibilities to the Securities and Exchange Commission.

The Senate rules-keeper rejected provisions eliminating the Public Company Accounting Oversight Board and EPA air-pollution emissions standards.

The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.