Accounting Today

MARCH 14, 2024

A majority of audit committee members are eyeing cybersecurity as a top priority in the next 12 months, followed by enterprise risk management and talent.

Auditing 306

Auditing 306

Accounting Today

MAY 23, 2024

The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate.

Auditing 331

Auditing Collections Tax 331

Accounting Today

JULY 25, 2024

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.

Auditing 312

Auditing 312

Accounting Today

JUNE 24, 2024

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.

Auditing 325

Auditing Tax 325

Accounting Today

DECEMBER 1, 2023

The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.

Auditing 320

Auditing 320

Accounting Today

MARCH 4, 2024

KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.

Auditing 334

Auditing Financial Reporting Accounting Accounting 334

Accounting Today

NOVEMBER 22, 2024

Audit and finance skills are heavily in demand on corporate boards, according to a survey by BDO.

Auditing 312

Auditing 312

Accounting Today

MAY 7, 2024

The Public Company Accounting Oversight Board sanctioned three auditors from Florida accounting firm Liggett & Webb for violations involving audit evidence, professional skepticism, and other matters.

Auditing 317

Auditing Accounting Accounting 317

Accounting Today

NOVEMBER 30, 2023

Corporate audit committees have been providing investors with a greater number of disclosures about their activities and responsibilities over the past 10 years, but there's still room for improvement.

Auditing 328

Auditing 328

Accounting Today

FEBRUARY 27, 2024

Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.

Auditing 321

Auditing 321

Accounting Today

DECEMBER 14, 2023

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

Auditing 320

Auditing Accounting Accounting 320

Accounting Today

MAY 3, 2024

Internal audit hiring manager are looking for recent college grads who have learned about accounting and auditing, but also technology like data analytics.

Auditing 306

Auditing Accounting Accounting 306

Accounting Today

NOVEMBER 18, 2024

Audit committees are bringing on more directors with experience in cybersecurity and sustainability, according to a new survey.

Auditing 278

Auditing 278

Accounting Today

SEPTEMBER 11, 2023

The Big Four firm plans to stop offering some types of services to SEC-registered audit clients, and to cut the compensation of top leaders if the firm's audits fall short on quality.

Auditing 331

Auditing Accounting Accounting 331

Accounting Today

AUGUST 26, 2024

An Ontario court placed the firm and owner Ben Borgers on probation for two years for unlicensed, unregistered audit work, and ordered both to pay fines.

Auditing 296

Auditing 296

Accounting Today

SEPTEMBER 3, 2024

The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.

Auditing 275

Auditing Accounting Accounting 275

Accounting Today

SEPTEMBER 20, 2024

The unexpected demise of an audit firm proved a boon for many small auditors.

Auditing 317

Auditing 317

Accounting Today

SEPTEMBER 26, 2023

The board levied a $2 million penalty against the Chicago-based Top 10 Firm for violating its auditing rules and standards, and sanctioned two of its audit partners.

Auditing 306

Auditing 306

Accounting Today

MARCH 11, 2024

The internal audit function is gaining more people and funding, according to a new survey released Monday during an Institute of Internal Auditors conference in Las Vegas.

Auditing 299

Auditing Accounting Accounting 299

Accounting Today

NOVEMBER 14, 2023

Average audit fees increased by 4.6% from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report.

Auditing 323

Auditing 323

Accounting Today

APRIL 9, 2024

The Public Company Accounting Oversight Board voted to propose an extensive set of new reporting requirements to impose on auditing firms.

Auditing 321

Auditing Accounting Accounting 321

Accounting Today

NOVEMBER 5, 2024

audit business to combat near historic low employee turnover rates. The Big Four firm has cut roughly 330 people from its U.S.

Auditing 317

Auditing 317

Accounting Today

DECEMBER 5, 2024

The Public Company Accounting Oversight Board is also offering insights on improving audit committee communications and a video on the new confirmation standard.

Auditing 269

Auditing Accounting Accounting 269

Accounting Today

DECEMBER 11, 2024

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

Auditing 278

Auditing Accounting Accounting 278

Accounting Today

NOVEMBER 20, 2024

PricewaterhouseCoopers has been focusing on auditing under a new PwC US assurance leader, Deanna Byrne, who began the job in July.

Auditing 279

Auditing 279

Accounting Today

JANUARY 24, 2024

Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.

Auditing 306

Auditing Tax 306

Accounting Today

JANUARY 16, 2025

The Institute of Internal Auditors announced that its Global Internal Audit Standards officially became effective on Jan.

Auditing 264

Auditing Accounting Accounting 264

Accounting Today

MARCH 12, 2025

The Securities and Exchange Commission dramatically pulled back on accounting and auditing enforcement last year after two years in a row of increases.

Auditing 284

Auditing Accounting Accounting 284

Accounting Today

JULY 9, 2024

While the IRS and the Treasury have committed to tax administration equity, the Government Accountability Office recently found potential unintended biases in some of the systems and methods used by the IRS for audit selection — meaning some populations may be getting selected for audits at a higher rate than others.

Auditing 234

Auditing Tax Accounting Accounting 234

Accounting Today

JANUARY 13, 2025

Delivering an invoice for any service, including a tax audit, is a marketing activity, and it cannot be assumed that the client understands the value.

Auditing 287

Auditing Tax Invoicing Accounting 287

Accounting Today

DECEMBER 28, 2023

A DOL study uncovered problems in almost a third of employee benefit plan audits — but that's actually an improvement.

Auditing 304

Auditing 304

Accounting Today

SEPTEMBER 12, 2024

Thomson Reuters unveiled its AI-powered Audit Intelligence suite, and its first solution, Audit Intelligence Analyze, to identify anomalies and generate documentation.

Auditing 238

Auditing 238

Accounting Today

MARCH 11, 2025

Internal auditors are taking on more responsibilities, leveraging generative AI for tasks such as audit planning and reporting, says a new IIA report

Auditing 247

Auditing Budgeting 247

Accounting Today

FEBRUARY 28, 2024

The 83 publicly disclosed accounting and auditing enforcement actions represented the highest number of actions initiated since FY 2019.

Auditing 290

Auditing Accounting Accounting 290

Accounting Today

JANUARY 16, 2025

The Public Company Accounting Oversight Board revoked SS Accounting and Auditing's registration and barred its owner and sole partner for violating rules and quality control standards.

Auditing 246

Auditing Accounting Accounting 246