Audit

Technological changes are already making an impact on how auditing firms are carrying out their audits.

The institute released a new standard to help auditors assess the risks of material misstatement.

The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding.

The board staff issued guidance on some of the considerations auditors should have about the relevance and reliability of information they get from external sources and plan to use as audit evidence.

The struggling U.K. fashion retailer has failed to keep pace on price with its high-street rivals and has been closing stores.

Cherry Bekaert, MNP LLP, Moore Kingston Smith, and Plante Moran each won an award for their distinct use of MindBridge's technology.

The board has issued a supplemental call on its proposals surrounding lead auditors’ responsibilities.

The U.K.’s accounting watchdog has imposed sanctions against Grant Thornton Ltd., and a partner at the business, for its role in the alleged accounting fraud at the Patisserie Valerie bakery chain.

A new deal would up the thresholds of what triggers reporting to the IRS, according to a key House Democrat.

The framework will govern how the board determines if it can’t inspect or investigate a foreign accounting firm.