Audit

Germany’s blame game over Wirecard AG’s collapse is focusing on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.

Finance and accounting teams have had to adapt quickly to transition to executing their day-to-day processes in a dispersed fashion.

China is calling for direct talks to solve a years-long dispute that threatens global markets.

The profession's skillset can be applied to much more than just financial statements, according to Julie Bell Lindsay of the Center for Audit Quality.

The fraud that brought down tiny Commerzialbank Mattersburg im Burgenland AG raises questions for financial regulators and auditors that have uncomfortable echoes of the Wirecard AG debacle in neighboring Germany.

The AICPA's Dynamic Audit Solution is on track to transform the field; Sue Coffey of the American Institute of CPAs and Erik Asgeirsson of CPA.com offer an update on this ambitious project.

The campaign looks to recognize auditors through videos, blog posts and other stories in order to "put a face to the auditors who play a significant role in keeping the capital markets functioning."

Internal audit departments are slowing down the adoption of next-generation technologies, such as artificial intelligence and machine learning, according to a new survey.

Among the pandemic-related issues covered are how to handle the Paycheck Protection Program and other stimulus efforts.

China’s securities regulator said it has sent U.S. authorities a fresh proposal about co-auditing Chinese firms, days after Washington moved to tighten rules for stock listings from the Asian nation.

A high-powered group of U.S. regulators said stock exchanges should set new rules that could trigger the delisting of Chinese companies, following mounting concerns that investors are being exposed to frauds.

In today’s COVID-19 world where nothing seems normal, and “new normals” are popping up in every business operation, service businesses are trying to make up for lost income and rising expenses in creative ways that will lessen the financial impact of COVID-19.

EY and BF Borgers made good showings for the quarter.

More than half the companies that completed their first audits under the new standard needed to make an extra effort.

Deloitte is helping more of its clients leverage blockchain technology as it sees the distributed ledger technology gain increasing usage after years of experimentation with the technology.

Richard Chambers, who has led the Institute of Internal Auditors for 12 years, will be stepping down effective March 31, 2021. The IIA plans to begin an immediate search for a new CEO.

The Institute of Internal Auditors has updated its Three Lines of Defense Model to emphasize more active forms of risk management and governance.that go beyond merely defensive moves by the internal audit function.

American Institute of CPAs chief auditor Bob Dohrer and AICPA Auditing Standards Board chair Tracy Harding discussed the AICPA’s progress on some recent audit and attest standards during the Engage 2020 online conference Monday.

Accountants can start small when it comes to deploying robotic process automation to streamline their workflows.

Golden, who just completed his term at FASB, will be chairing an Assurance Quality Advisory Committee at PwC.