Audit

As part of Prime Minister Keir Starmer's efforts to grow the economy, the UK audit regulator plans to cut the number of inspections it does.

The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.

The case may reveal how far auditors can be held accountable for their work on insolvent companies accused of fraudulent accounting.

It's unclear whether the commission plans to move auditor enforcement out of the PCAOB and into the SEC.

The yearslong lawsuit involves the investors in a defunct hedge fund who sued the auditing firm for negligence, breach of contract and breach of fiduciary duty.

The number of accounting-related securities class action filings plummeted 40% last year, according to a new report, but the total settlement value rose 40%.

Big deals for CBIZ and Baker Tilly put them at the top of the league tables for new public company audit engagements for all of 2025.

It's not too late to build your accounting firm's quality management system, and it doesn't have to be overwhelming.

The Institute of Internal Auditors is calling on Congress to "modernize" the Sarbanes-Oxley Act of 2002 by adding provisions related to internal auditing.

The Audit Practitioner Fellowship Program will allow auditors to share their expertise with PCAOB staff.

Law firms and reporting accountants would join sponsors in the public spotlight if a filing fails to meet basic standards.

The Canadian Public Accountability Board published individual auditing firm inspection reports for the first time, marking a significant milestone.

The profession needs to engage seriously with whether the binary audit opinion remains the right product for the public interest it is meant to serve.

Diligent launched its new AuditAI solution, described as a strategic compliance tool that automates execution of internal audit tasks.

Internal auditors are reporting more cuts in their staffing and budgets, according to a survey by the Institute of Internal Auditors' Internal Audit Foundation.

Audit and GRC solutions provider AuditBoard has been renamed Optro to reflect a single, coherent view across audit, risk, infosec and compliance.

Investors place strong trust in public company audits as a check on the financial statements issued by companies, but auditor independence remains a focus.

Enforcement activity against accounting and auditing firms declined sharply last year under the second Trump administration, according to two new reports.

The American Institute of CPAs' Auditing Standards Board posted a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030.