Audit

KPMG LLP’s South African unit is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals.

All staff will face background checks every two years to try improve the firm's reputation.

The Eller College of Management team beat out 11 other schools for their ideas on applying AI to audits.

The Center for Audit Quality has released a tool to help directors of public companies guard against tech threats.

Audits down but taxpayers first; the TCJA and the self-employed; nexus map; and other highlights from our favorite tax bloggers.

The United Kingdom’s Financial Reporting Council, which oversees auditing firms, said Monday it is implementing the recommendations of an independent review of sanctions for auditors, accountants and actuaries, which include increasing the fines to £10 million ($14.1 million) or more for “seriously poor audit work” by a Big Four firm.

As recently as 2010, the Internal Revenue Service used to audit nearly all 'corporate giants.'

Audit rates are dropping, but there are still triggers that taxpayers can avoid to reduce their risk even further.

Two generations share thoughts on the future of remote audits.

The Center for Audit Quality has released a publication to help audit committees oversee their companies’ implementation of the new leasing standard.

Paycheck checkups; give and take; how dumb they can be; and other highlights from our favorite tax bloggers.

The change of being investigated dropped to 0.6 percent, the lowest since 2002.

The American Institute of CPAs has appointed a new executive in charge of its professional standards.

An appeals panel sided with an auditor who wasn't allowed extra help at his deposition.

Ruben Cardona is one of the best accountants I know. One day Ruben came up with his A.U.D.I.T acronym for the five steps of the audit process.

The $1.3 trillion omnibus appropriations bill passed by Congress last week includes some modifications to the Internal Revenue Service’s centralized audit regime for auditing large partnerships.

The American Institute of CPAs has released a set of questions and answers on the topic of compliance for multiemployer plans, along with some new Q&As for senior personnel who have been on an engagement team for a long period of time.

Typically, taxpayers contract this affliction after the agency's examiners have packed up their belongings and left the building.

The high court, in a 7 to 2 decision, ruled in favor of a business owner who didn't file taxes and destroyed some of his banking records, finding the omnibus obstruction clause in the Tax Code was overly broad.

The Supreme Court declined to hear a case involving a Colorado cannabis business that refused to cooperate with an Internal Revenue Service audit and turn over business records.