Audit

The board censured PricewaterhouseCoopers’ Canadian firm and imposed a $750,000 penalty, saying over 1,200 employees shared answers to tests during mandatory training courses.

The record number of companies going public through special purpose acquisition companies and initial public offerings last year could be facing some extra hurdles when it comes to Sarbanes-Oxley rules.

Remote audits have allowed teams to increase efficiencies in the execution of the work.

The Securities and Exchange Commission eased up dramatically on accounting and enforcement activity last year during a period of transition at the SEC, but the Public Company Accounting Oversight Board increased its enforcement amid a shakeup at the PCAOB.

There are a host of current and potential implementations for artificial intelligence — but a lot of its role in the profession is still being figured out.

Baker Tilly and Deloitte also had good quarters at the end of 2021.

Deloitte & Touche chair and CEO Lara Abrash has been watching the Big Four firm’s audit practice changing over the past two years.

Under a commission proposal, funds’ financial statements would need to be audited at least annually.

The collapse of U.K. builder Carillion four years ago is now threatening to inflict more than reputational damage on its former auditor, KPMG.

PricewaterhouseCoopers has expanded its alliance with the cloud-based financial reporting technology company Workiva to handle environmental, social and governance reporting and services.