Audit

The board's target team of inspectors focused on special purpose acquisition companies, fraud, going concern issues, cash and cash equivalents during its inspections of auditing firms last year, according to a new report.

The PCAOB has picked some Chinese companies for the first batch of inspections after reaching a deal with China to end a decades-long impasse.

The merger between BKD and DHG put their combined firm at the top of the roster.

The Public Company Accounting Oversight Board levied $275,000 in penalties against KPMG's member firm in South Africa and two partners for improperly using and misreporting work done in Zimbabwe.

Under the agreement, inspectors will be able to see complete work papers without any redactions and select any issuer audits.

American officials would be able to review audit documents of Chinese businesses that trade in the U.S., a first step toward avoiding the delisting of about 200 firms from New York.

The agency has become a target of GOP lawmakers in recent weeks after President Biden signed a new spending law with funding for tax enforcement, technology upgrades and taxpayer service.

A disgruntled former IT audit manager at BDO USA in Atlanta was arrested by authorities after allegedly murdering her former supervisor.

The Inflation Reduction Act has highlighted the perpetual tension within the agency between helping taxpayers and auditing them.

There are several key strategic considerations for the in-house practitioner to put their company in a strong position to resolve a tax dispute.