Audit

The board has revised its standard-setting, rulemaking and research agendas for the year ahead after a series of unprecedented changes this past year.

PE investment in accounting is potentially big business. Here's some of the views from key players in the ecosystem.

Internal auditors have found hundreds of referrals from other lawyers for Camp Lejeune and other cases were bogus, often based on doctored medical records and fictional reports of illness.

The outcomes of this project will provide a clear-eyed vision of how we move the profession forward and collectively elevate the value of internal audit in the years ahead.

Plus, Gusto and FreshBooks jointly release FreshBooks Payroll; and other accounting technology news.

George Botic succeeds the commission's longest-serving member, Duane DesParte, whose second term ended Tuesday.

The NFRA has requested files and communications related to S.R. Batliboi's audits on some companies going as far back as 2014, sources said.

The board imposed a $175,000 fine on Smythe LLP, a Vancouver-based firm, for violating its rules and quality control standards on four audits.

The service is improving its online tax pro accounts and hiring more accountants as it targets big corporations for audits.

DCG's Genesis unit is accused in the suit of failing to adequately audit the Three Arrows Capital hedge fund and lying to Gemini when it claimed to regularly review its borrowers' financial statements,

The wealthiest 1% of taxpayers may soon find themselves in the crosshairs of an expert group of agents.

The real estate company has been trying to hire a new auditor since its previous one, KPMG, quit in May last year.

The ACCA, IFAC and the INTOSAI Development Initiative are teaming up on guidance on sustainability reporting and assurance for the public sector.

The telecommunications company replaced Deloitte as its auditor with KPMG International. The decision was questioned by shareholders.

A lawyer questions whether expanded regulatory enforcement powers will lead to better-quality audits.

The PCAOB released a report that found 42% of auditing firms got at least one quality control criticism related to engagement quality reviews.

"These findings are damning," Jon Holt, CEO of KPMG in the U.K., said. "It is clear to me that our audit work on Carillion was very bad."

The dispute centers on a 2012 IRS audit into transfer pricing, a method used to shift profits to tax havens and avoid the U.S. corporate tax rate.

When she asked whether a line of credit would show up in FTX's audit, he said, "Don't worry, the auditors aren't going to look at that."