Audit

The accountancy profession, and the role of audit, have responded to an increasing pace of change in our society, economy and capital markets.

The Government Accountability Office has updated its auditing standards guide.

The International Federation of Accountants has released an updated reference.

Chris Geier has been watching what is going on at Deloitte and wondering who the next leader will be.

PricewaterhouseCoopers was blamed for negligence in the audit of Colonial BancGroup.

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

Xerox Corp.’s Chief Executive Officer John Visentin blasted his Fujifilm Holdings Corp. counterpart’s efforts to revive merger talks and warned he doesn’t plan to renew the companies’ Asia joint venture in 2021.

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

The Financial Reporting Council's assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.

The AICPA chief calls for the profession to get ahead of change by building new visions of itself.