Audit

In the year since a $5 billion accounting fraud scandal erupted at his former company, the Rio de Janeiro native has relocated to Spain while Brazilian investigators continue their probe.

If CFOs, controllers and other finance leaders implement a handful of straightforward best practices before, during and after an audit, they can maximize efficiency and insight for everyone involved.

Swag taxes; audit ROI; your best reading for 2024; and other highlights from our favorite tax bloggers.

The service reported on its increased enforcement efforts on Friday, including collecting over half a billion dollars from millionaires who didn't pay their taxes.

The AICPA & CIMA have begun accepting nominations for their EDGE in Teaching Awards and Distinguished Achievement in Accounting Education Awards.

The Institute of Internal Auditors' newly updated set of Global Internal Audit Standards takes effect in January 2025.

Perceived deficiencies in oversight posed a risk that licenses could be granted to applicants lacking financial stability or cybersecurity standards, an audit team wrote.

The International Auditing and Assurance Standards Board is planning to make some minor adjustments in its quality management and global audit standards to align them more closely with international ethics rules for accountants.

The Association of Certified Fraud Examiners has joined a collective effort of organizations including the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors.

Auditor disclosures of client-specific quantitative materiality thresholds, which are required in the U.K. but not the U.S., could be encouraging some businesses to massage their earnings reports.