Audit

The revised draft rules deleted the requirement that on-site inspections should be mainly conducted by Chinese regulatory agencies or rely on their inspection results.

The audit is going to undergo massive changes over the next decade — and so will those who conduct them.

Board staff called attention to some important considerations for auditors as they plan and perform audits that may be affected by the ongoing war in Ukraine.

Chinese authorities are preparing to give U.S. regulators full access to auditing reports of the majority of the 200-plus companies listed in New York as soon as the middle of this year.

Experts in auditing imagine the ways this core service of the profession will be radically different in a decade.

For now, it’s technology, but soon it will be more about demand from markets — and society as a whole.

Gary Gensler signaled that only total compliance with U.S. audit inspections will allow the companies to keep trading on American markets.

The service has been auditing the poorest wage earners more than higher-earning taxpayers, according to an updated report.

The board approved charters for the membership and activities to revive its old Investor Advisory Group and set up a new Standards and Emerging Issues Advisory Group.

One of the most interesting, yet overlooked aspects of digital transformation is the way in which it changes the shape of data available to auditing professionals.