Audit

The Internal Revenue Service's plan under the Biden administration to audit high-income taxpayers appears less likely after staffing and budget cuts.

Wolters Kluwer announced a version of CCH Validate that is now entirely in the cloud.

The Public Company Accounting Oversight Board today sanctioned Goldman & Company, CPA's, Raymond Chabot Grant Thornton, and PWR CPAs.

Plus, Abacus announces $6.6 million seed funding for agentic AI assistants; and other news and updates from the accounting tech arena.

Auditors selected and paid by the companies they inspect can't affirm the credibility of the projects they assess, according to a research paper.

The International Ethics Standards Board for Accountants and the International Auditing and Assurance Standards Board set up technical groups for their standards.

Auditors with uncommon first names tended to take a divergent approach to the rules, reducing earnings comparability, according to a new study.

The Public Company Accounting Oversight Board sanctioned CPA firm Michael Coglianese for quality review failures for 17 audit and attestation engagements.

The Financial Reporting Council is probing several audits carried out by Deloitte and U.K. accounting firm Azets Holdings between 2017 and 2023.

A joint report by the AICPA and Chartered Professional Accountants Canada said the rapid rise of AI opens up opportunities to provide independent assurance.