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Audit committee disclosures increased over past decade

Accounting Today

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 289
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Average audit fees are rising as auditors turn more to technology

Accounting Today

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 303
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SEC approves PCAOB audit confirmation standard

Accounting Today

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 165
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Audit deficiencies rising, despite quality reviews

Accounting Today

The PCAOB released a report that found 42% of auditing firms got at least one quality control criticism related to engagement quality reviews.

Auditing 288
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Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

If you’ve never had the pleasure of creating a virtual card nor enjoyed the benefits of their approval workflows, automatic syncing to the GL, and continuous audit trail, join us to get up to speed on this increasingly mainstream payment innovation. This webinar will answer the following questions: What is a virtual card?

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PCAOB fines BDO USA $2M over audit violations

Accounting Today

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 282
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IRS to reduce audits of EITC claimants

Accounting Today

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

Auditing 335