Audit

Hong Kong’s accountant body said it failed to reach an accord to prolong an 11-year mutual recognition agreement with the U.S. amid a dispute over local qualifications.

A KPMG report showed Cevdet Caner — who was not supposed to have any direct role in the company — setting meetings, weighing in on pay and berating executives.

R&D amortization; FAQs’ limits; ‘tax’ by any other name; and other highlights from our favorite tax bloggers.

The FRC fined the Big Four firm and partner Anthony Sykes over its 2010 audit of the carmaker, the latest in a long list of audit scandals surrounding the firm.

The committee is looking for a new chairperson as its current chair, Paul Sobel, plans to depart at the end of the year. 

The Big Four firm will pay more than $17.1 million over misconduct on major work it carried out for collapsed Carillion Plc and data services company Regenersis.

Think about implementing some organization and management strategies going forward with clients who want to engage in like-kind exchanges

The Top 10 Firm is taking steps to improve its audits, including hiring a former official from the PCAOB and creating an Audit Quality Advisory Council.

The Internal Revenue Service has been auditing fewer taxpayers since 2010, according to a new report, but audit rates have been plunging the most for higher-income taxpayers.

Jennifer Wilson, the leader of Convergence Coaching, says that technological advance combined with changing client demand will lead the remote audit to become the norm.