Audit

They've also tripled since the passage of Sarbanes-Oxley in 2022, according to a recent report.

PPP misrepresentation; rebuilding clients' basis; what you're doing wrong; and other highlights from our favorite tax bloggers.

The auditors have agreed to penalties for failing to disclose who led individual audits.

The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client.

Deloitte's member firm in China agreed to pay a $20 million penalty to settle charges with the Securities and Exchange Commission that the firm asked its audit clients to do their own auditing work.

Switching accounting firms had been seen by some companies as a way to satisfy a 2020 law that threatens to remove businesses from the NYSE and Nasdaq if U.S. officials can't inspect their audit work papers.

The commission charged the Top 100 Firm for failing to comply with the standards of the PCAOB while conducting audits of two public companies from 2017 through 2020.

The board is asking for public input on modernizing standards, which is one of the key goals for its draft strategic plan.

Just days after American officials arrived in Hong Kong to review the audit work papers of Chinese companies, Washington's watchdog has a stern warning for Beijing: U.S. inspectors must get full access.

Over the last three decades, internal audit plans of financial institutions have shifted from a model focused on deep dives of sample selections to plans based on overall risk and controls.

Remembering a reform expert; more suggestions for IRS improvement; fluffy nonsense; and other highlights from our favorite tax bloggers.

EY Americas vice chair John King discusses the impact and history of one of the most influential pieces of financial legislation of the past 50 years. 

Some of the standards were inherited two decades ago from the AICPA and don't take into account ever-changing technology.

PCAOB inspections will take place in Hong Kong under a preliminary agreement reached between American and Chinese regulators to avoid delisting.

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

After a decades-long impasse that led to a threat to kick about 200 Chinese firms off New York stock exchanges, PCAOB inspectors may soon get their first look under the hood of some of China's largest corporations.

PCAOB sanctions Canadian firm over noncooperation with inspections

The Center for Audit Quality introduced a new high school curriculum to expose students to accounting careers and grow a more diverse talent pipeline.

The legislation would deter the Internal Revenue Service from using the $80 billion in extra funding from the Inflation Reduction Act to increase audits of taxpayers earning under $400,000 per year.