Audit

Corporate governance received a grade of B- and has slipped over the past year, according to a new survey of chief audit executives.

Six former employers at the auditing giant are accused of acting “with a lack of integrity in dishonestly or recklessly misleading the regulator.”

The board has a new leader, Erica Williams, after its new chair was sworn in Monday by the Securities and Exchange Commission in a virtual ceremony.

The board is surveying stakeholders about easing the audit requirements for less complex companies, while beefing them up for more complicated structures.

When companies suddenly replace their auditing firms, the required SEC disclosures are often vague and may be a signal of a forthcoming restatement, but timing is a crucial factor.

The Center for Audit Quality and the American Accounting Association are making changes to their Access to Audit Personnel research partnership program.

Internal auditors have been forced by COVID-19 to work remotely in large part over the past two years, and that pattern is likely to continue next year.

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have signed a three-year renewal of their existing agreement.

The updates are mostly technical, but some cover remote-work arrangements for some seconded employees during the pandemic.