Audit

Digital World Acquisition blasted Marcum for not adhering to "requisite audit procedures" that would have identified the accounting errors sooner.

The Center for Audit Quality is working to convince the board to water down a proposed update telling auditors to be on the lookout for fraud and other signs of noncompliance.

The International Auditing and Assurance Standards Board proposed new rules for providing outside assurance on a company's sustainability reporting efforts.

At the same time, the number of companies reporting their audit fees has dropped roughly 20%.

The board disciplined five auditing firms for violating its rules and standards when communicating with audit committees.

He reiterated that American officials must be able to review the audit papers of Chinese companies that trade in the U.S.

Steinhoff, the former owner of Mattress Firm in the U.S., has been battling to survive ever since auditors refused to sign off on its financials.

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

The board announced 369 accounting and auditing students will receive $10,000 in scholarships as part of its PCAOB Scholars program.