Audit

The American Institute of CPAs has written a letter to the Internal Revenue Service asking the IRS to provide maximum flexibility in its regulations for the new centralized partnership audit regime.

Carillion Plc deceived lenders and investors about its debt levels and was enabled by “complacent” auditors who failed to challenge its “aggressive” accounting, according to a U.K. Parliament report.

Xerox Corp. shares fell after activist investors Carl Icahn and Darwin Deason prevailed in their bid to stymie Fujifilm Holdings Corp.’s $6.1 billion takeover of the U.S. office equipment supplier and pushed out the company’s chief executive officer.

Steinhoff International Holdings NV’s finances are in a mess. Now it’s going after those who presided over the fiasco.

As the deadline approaches to comply with the new auditing standard adopted last year by the PCAOB, auditors are girding to disclose CAMs for the first time in their reports.

The audit automation software provider has introduced a free tool for Microsoft Office users.

A merger in Salt Lake City puts two local auditors ahead of the pack.

KPMG U.S. Chairman and CEO Lynne Doughtie explains why the Big Four firm is bringing external directors to its board.

The firm improperly altered documents ahead of an inspection.

While the IRS audit rate is decreasing, it’s still important to educate your clients on the things that commonly trigger an audit.