Audit

A new bill could tighten government auditing rules in Montana, including adding penalties for state employees who do not comply with audits.

Audit committees saw plenty of new proposals last year that could turn into final rules in 2023.

The Internal Revenue Service audited fewer taxpayers last year, according to a new report, although audits of millionaires ticked up slightly.

The collapse of FTX has many asking the old question, "Where were the auditors?"

Companies can alleviate some of the coming stress with proactive planning, processes and collaboration.

They can now be kicked off U.S. exchanges after just two years, not three.

The Securities and Exchange Commission voted to approve the Public Company Accounting Oversight Board's 2023 budget and annual accounting support fee ahead of the holidays.

"Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws," said SEC chair Gary Gensler.

The Internal Revenue Service would be legally mandated to annually audit the president and publish the results under legislation passed by the House.

Plus, the Institute of Internal Auditors expressed serious concerns about a recent board proposal on audit confirmations.