Audit

The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.

The service's LB&I Division has expertise in training agents on examining high-income taxpayers, but the IRS doesn't appear to be leveraging this expertise.

As an auditing professional, it's vital that you detect any discrepancies in business tax reports and either try to rectify them or report them to the IRS.

A group of financial industry trade associations sued over the rule, which would require more disclosures of fees and expenses, and annual audited financial statements.

The institute's Auditing Standards Board issued an exposure draft for some proposed changes in the attestation standards for quality management and is asking for comments.

These are the first sanctions ever against a firm over independence violations because it's a member of an alliance where another firm did work for the same client.

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

While companies are working in overdrive to fill accounting positions, they are finding themselves up against a confluence of factors.

Even without formal standards, professionals are still finding ways to examine and test AI.

The Securities and Exchange Commission adopted new rules and amendments aimed at tightening the regulation of private fund advisors.

You got your taxes filed by the skin of your teeth last year and before. But what if you're audited? What if you need a loan? Are you ready?

It also imposed $150,000 in fines, for failures of independence and professional skepticism, and for not cooperating with a board investigation.

The London-based auditor gave a clean bill of health to a music streaming company that wildly overstated its revenue.

The board continues its aggressive approach to oversight, announcing several hundreds of thousands of dollars in penalties on several auditors in a single week.

The suggestions in board chair Erica William's recent Wall Street Journal op-ed could have troubling ramifications for auditors and their clients.

The head of the board views the recently proposed standard for sustainability reporting assurance as a way to make those reports more verifiable.

The move may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research.

The board saw high rates of deficiency last year, with little to no improvement over prior years.

A forensic accounting investigator explains how to avoid fraudulent transactions and behavior.

Several prominent trade groups are objecting to the board's proposed changes in auditing standards related to noncompliance with laws and regulations.