Audit

Companies are continuing to increase the level of audit committee disclosures in their proxy statements, according to a new report from the Center for Audit Quality and Audit Analytics.

Disclosures in financial statements and SEC filings about the current and potential impacts of COVID-19 are a major concern.

The Public Company Accounting Oversight Board released a preview Thursday from its staff about its findings from inspections of audit firms last year ahead of the issuance of its 2019 inspection reports.

Chuck Schumer and Ron Wyden have asked internal watchdogs to investigate whether there’s been political interference in audits of the president's returns.

The Institute of Internal Auditors has introduced a new framework for the professional development of internal auditors.

A pair of academic studies casts doubt on the value of mandatory rotation of auditing firms and lead engagement partners.

The document discusses some considerations involving the use of specialists when auditing financial statements during the pandemic.

Field audits down; streamlining taxes for social policies; bad-date boondoggle; and other highlights from our favorite tax bloggers.

The American Institute of CPAs’ Auditing Standards Board issued an attestation standard for when auditors perform examination engagements with clients.

The Public Company Accounting Oversight Board imposed a $250,000 penalty on Marcum LLP and its Marcum Bernstein Pinchuk unit over audits of Chinese companies.

The Anti-Fraud Collaboration has released a report on the importance of skepticism by auditors and finance professionals.

A new report from the Center for Audit Quality highlights a growing opportunity for audit firms.

The details published about Donald Trump’s tax returns were a revelation to the public but not to a small group of attorneys who work for a little-known congressional panel.

Ratcliffe and other senior Ineos executives caused tension with the company’s auditor, PwC.

The Institute of Internal Auditors has begun its formal search for a successor to longtime president and CEO Richard Chambers.

There are two key areas that CPA firms should closely watch to manage audit fees in 2020.

KfW, Germany’s third-largest bank by assets, may drop Ernst & Young as auditor as EY continues to be plagued by its role in the country’s Wirecard accounting scandal.

COVID-19 doesn’t seem to be having an impact on such disclosures, according to a report from Ernst & Young.

With the incremental complexities and associated risks this year, companies and auditors cannot afford to fall behind.

The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.