Audit

Daniel Werfel, who has been nominated as the next Internal Revenue Service commissioner, also received an endorsement from a major organization of tax pros.

The IIA's president and CEO sees the proposed confirmation standard as an 'unnecessary swipe' at internal auditors.

IRS algorithms in determining tax returns to audit, enforcement policy and resource constraints result in significant racial disparity in returns chosen for a tax audit.

The Internal Revenue Service is making some changes in its Compliance Assurance Process program, testing out a new option to address complaints from participants.

The service is coming under fire from various quarters for its tax audit and enforcement efforts.

The Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short-seller attack accusing his companies of accounting fraud.

The pitfalls of auditing from a distance require auditors to find other ways to get close to their clients.

Binance, the world's largest digital-asset exchange, is hearing calls for more transparency following the collapse of rival FTX.

The institute has released a guide to help auditors deal with a new standard on assessing the risks of a material misstatement.

The $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn't catch it at Americanas SA.

The Institute of Internal Auditors is pushing back against part of a proposed new standard on audit confirmations from the Public Company Accounting Oversight Board.

A new Medicare policy sets out how government auditors will review data on patient illnesses and recover excess payments that aren't justified.

Crowe U.K. replaced the Big Four firm as the auditor of U.K. entities including Adani Energy Holdings after the Indian firm bought them in 2021.

The board offered insights on the remediation process that audit firms need to undergo when addressing problems with their quality control.

The Internal Revenue Service audits Black taxpayers at 2.9 to 4.7 times the rate of non-Black taxpayers, according to a new study.

Medicare will seek about $4.7 billion over 10 years in clawback payments from private insurers that manage its programs under a long-awaited audit rule, a blow to the industry that sets up a likely court fight.

CFOs at some of the U.K.'s largest companies have already complained to the Big Four about the high costs of audits.

A sampling of important frameworks, acronyms and more.

Environmental, social and governance reporting is one of the most talked-about opportunities for accountants in years, but what will it look like for your firm?

Sen. Elizabeth Warren and Ron Wyden want the Public Company Accounting Oversight Board to do more to regulate audits of cryptocurrency companies in the wake of recent high-profile bankruptcies.