Audit

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have signed a three-year renewal of their existing agreement.

The updates are mostly technical, but some cover remote-work arrangements for some seconded employees during the pandemic.

The SEC said it would begin identifying companies that are using non-inspected auditors.

Some expressed concerns about lower levels of enforcement, while one suggested the board suffered from a credibility gap.

KPMG International reported the annual aggregated revenues of its member firms around the world grew 10% to $32.13 billion for the fiscal year ending Sept. 30, 2021.

Coming brackets; rising expatriations; meeting behavior and aftermaths; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board is regrouping with a slate of new board members recently appointed by the Securities and Exchange Commission, and it approved its fiscal year 2022 budget during a rare open meeting on Tuesday.

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers.

The claimants allege that KPMG “failed to maintain independence and an appropriate attitude of professional skepticism" in the insolvency of Dubai private-equity firm Abraaj Group.

Audit committees at public companies have been upping the amount of disclosures they have been providing in proxy statements, especially when it comes to cybersecurity and non-audit services.

Internal auditors are keeping a close eye on emerging risks as the COVID-19 pandemic continues, with cybersecurity at the top of the priority list.

A research team from Bentley University found that ethnic minority audit partners face significant bias and discrimination compared to their white counterparts.

The Securities and Exchange Commission has appointed longtime SEC official Erica Y. Williams as the new chair of the Public Company Accounting Oversight Board, and named three new members.

With activity up, a number of firms brought on large numbers of new clients, but netted far fewer.

The commission approved a rule to ensure the Public Company Accounting Oversight Board can inspect firms in other countries, especially China.

Most boardroom audit committees around the world don’t discuss climate on a regular basis or consider themselves particularly knowledgeable about the subject.

The trust accountants have earned and the assurance skills they've developed have created a huge range of opportunities.

Ernst & Young issued an audit quality report describing the steps that the Big Four firm is taking to increase auditing quality control.

Average audit fees continued to grow in recent years, increasing nearly 4% from 2019 to 2020 from $2.43 million to $2.52 million, according to a new survey.