Audit

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.

The International Auditing and Assurance Standards Board has revised its standard on the auditor's responsibilities relating to fraud.

The Public Company Accounting Oversight Board gave reminders for auditors who audit smaller public companies in its latest staff publication.

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.