Audit

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

The deal saved hundreds of Chinese companies in the U.S. from being booted off American stock exchanges but has done little to revive the flow of initial public offerings.

The Securities and Exchange Commission approved the board's 2024 budget totaling $384.7 million, up approximately 10%.

2024 will be a demanding year for internal auditors who will be facing new requirements and updated standards.

The Securities and Exchange Commission's chief accountant cautioned auditors and public companies about the statement of cash flows after spotting problems that could lead to a financial restatement.

Nearly one-third of public companies are using artificial intelligence in their financial reporting, according to a new survey.

The International Auditing and Assurance Standards Board has unveiled a new standard for auditing smaller businesses and organizations.

The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.

Plus, Xero now automatically calculates sales tax; and other accounting technology news and updates.

The case involves a former hedge fund manager whom the SEC accused of misleading investors.