Audit

The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.

The Public Company Accounting Oversight Board has released the results of initial outreach efforts regarding auditors and generative AI.

Going concern opinions have slowly decreased over the last two decades, with the exception of spikes during the 2008 financial crisis and the years of the COVID-19 pandemic.

The Big Four firm netted the most new SEC audit clients in the first quarter, followed closely by Deloitte.

The role of the internal auditor is expected to change drastically in the decade to come, according to a new report by the Institute of Internal Auditors.

AuditBoard has released an out-of-the-box assessment tool feature for internal auditors to assess conformance with new IIA global standards.

The agency is hoping to counter a widespread impression that people can get away without paying their taxes, according to Commissioner Werfel.

The International Auditing and Assurance Standards Board issued new advice for auditing smaller companies.

The Accounting and Financial Reporting Council is still carrying out a separate investigation into audits on China Evergrande Group.

The rich and the audits; after Beryl; just ask; and other highlights from our favorite tax bloggers.

The Government Accountability Office recently found that some populations may be getting selected for IRS audits at a higher rate than others.

BDO USA recently appointed a new COO to oversee efforts to improve its audit practice and technology, as well as implement its ESOP.

The majority of large public companies are now reporting environmental, social and governance information, while turning to auditing firms and other providers for assurance to vet the data.

Prosecutors had sought a 15-year sentence, describing Shah as the "driving force behind a dizzying array of lies to clients, lenders, investors and an audit firm."

The 6-3 decision could reduce the commission's leverage to extract high-dollar settlements.

Banco Santander decided to renew its contract with PricewaterhouseCoopers, potentially keeping one of Europe's biggest such relationships with the firm until 2035.

BDO USA released its 2023 Audit Quality Report Tuesday as it added a second independent member to its Audit Quality Advisory Council.

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.

The Public Company Accounting Oversight Board levied sanctions against firms in the U.S., Canada and the United Arab Emirates for violating various rules and standards.