Audit

Accountants can turn the audit playbook into an AI assurance framework that policymakers have been groping for.

The Financial Reporting Council found EY "demonstrated a complete lack of professional skepticism" and failed "to be alert to conditions that may have indicated possible fraud."

EY continued to audit NMC Health Plc despite suspicions that management withheld key documents that revealed its true debt position.

Plus, OneStream announces new AI agents, other solutions; Suralink rolls out request-to-test solution; and other accounting tech news and updates.

The International Auditing and Assurance Standards Board released information on its new standard, while the International Public Sector Accounting Standards Board has an exposure draft on materiality.

The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs.

Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.

The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources.

The Internal Revenue Service has been conducting "sweeps" in recent years to uncover cases where high-income people have not been filing taxes.