Audit

Accounting is facing a slow-moving existential crisis, says institutional investor Jon Lukomnik.

Colombia’s bribery saga — in which a key witness and his son both suddenly died in the past week — has taken another turn.

The Public Company Accounting Oversight Board, with a new set of board members this year, approved a strategic plan for 2018-2022 on Thursday, along with a fiscal year 2018 budget.

Samsung Group’s biotechnology unit is facing a potential criminal investigation and delisting after South Korea’s financial regulator said that the company “intentionally” violated accounting rules surrounding an initial public offering.

The Public Company Accounting Oversight Board is planning extensive changes in how it inspects firms and interacts with financial statement preparers.

KPMG has brought another independent director to its board, appointing Linda L. Addison, a former managing partner of the law firm Norton Rose Fulbright.

The Top 100 Firm’s July combination with Texas’ GBH CPAs brought 21 new clients.

One of the Big Four accounting firms has taken a welcome step to improving the credibility of the financial statements published by London-listed companies.

This move is in step with a recent anticipatory push from the profession to stay ahead of how technology is changing audit.

The retailer provided South African officers with information about transactions involving more former executives who may have contributed to its accounting crisis.

The company is riding the wave of AI-powered change in the audit function.

Audit committees are providing company investors with more information about their oversight of auditing firms, according to a new report.

The new lease accounting standard that takes effect for public companies next year poses obstacles for the audit firms that have begun implementing it for their clients.

Experts at an NYU roundtable shared their views on how AI and blockchain may change, or eliminate, the audit profession.

The Top 100 Firm has picked the Integrated Audit Approach system to service clients in its 26 offices.

The Internal Revenue Service needs to be more timely and transparent in resolving tax appeal cases, according to a report from the Government Accountability Office.

A study suggests that a background in audit can be a double-edged sword in the C-suite.

The changes to the financial statement audit will be shaped by four factors: technology, methodology, standards and skills.

The goal of the tech initiative is to create a Dynamic Auditing Solution.

The official passed along confidential lists of which audit clients would be scrutinized.