Audit

A former KPMG partner was sentenced for his role in eliciting confidential information from the U.S. audit regulator to boost the firm’s annual inspection results.

Public companies and their audit committees are revealing far more about their auditing firms, audit fees and audit partners this year, according to a new report from Ernst & Young.

Marcum and Marcum Bernstein & Pinchuk plugged some of their clients at investor conferences in violation of auditor independence requirements.

The Internal Revenue Service isn’t doing enough to audit corporate mergers and acquisitions and is wasting tens of thousands of days on cases that aren’t likely to generate more tax dollars.

Pilot tests at public companies suggest the new reporting requirements may take more time than expected.

The document can help auditors with the allowance for credit losses under the new standard for measuring credit losses on financial statements.

And Deloitte maintains its strong performance from the first quarter.

For students aspiring toward a career in the audit and assurance profession, embracing electives that could stand out on their resumes, in addition to completing core coursework, can help set them apart.

Amendments are being added to three sets of standards for special-purpose, single and summary financial statements.

The fifth largest accounting firm had problems with at least 15 audit clients.