Accounting Today

FEBRUARY 27, 2024

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

Auditing 305

Auditing 305

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 273

Auditing Accounting Accounting 273

Accounting Today

APRIL 26, 2024

The Los Angeles-based boutique investment bank's audit by Marcum cited multiple material weaknesses in the company's reporting, and some of the previously reported data was revised.

156

156

Accounting Today

APRIL 19, 2024

The Accounting and Financial Reporting Council will be investigating an anonymous whistleblower report alleging potential deficiencies in the firm's systems of quality management and the quality of its audits of the Chinese real estate giant.

Auditing 183

Auditing Financial Reporting Accounting Accounting 183

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 305

Auditing Accounting Accounting 305

Accounting Today

SEPTEMBER 18, 2023

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 339

Auditing Tax 339

Accounting Today

OCTOBER 12, 2023

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

Auditing 294

Auditing 294

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 287

Auditing 287

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 287

Auditing Tax 287

Accounting Today

MARCH 19, 2024

The Public Company Accounting Oversight Board posted a settled disciplinary order Tuesday sanctioning an Israeli auditor and her firm for violating the PCAOB's rules during several audits, imposing a $200,000 penalty.

Auditing 164

Auditing Accounting Accounting 164

Accounting Today

APRIL 5, 2024

Ideagen Audit Analytics' report shows mid-tier auditors taking market share from smaller firms.

Auditing 206

Auditing 206

Accounting Today

JANUARY 8, 2024

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.

Auditing 188

Auditing Accounting Accounting 188

Accounting Today

SEPTEMBER 5, 2023

As an auditing professional, it's vital that you detect any discrepancies in business tax reports and either try to rectify them or report them to the IRS.

Auditing 288

Auditing Tax 288

Accounting Today

MARCH 12, 2024

A recent survey from Gartner found that few audit executives report using generative AI in their department, but many say they expect to do so in the future.

Auditing 221

Auditing 221

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 319

Auditing Accounting Accounting 319

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 309

Auditing 309

Accounting Today

JULY 28, 2023

The Public Company Accounting Oversight Board disciplined five auditing firms for violating its rules and standards when communicating with audit committees.

Auditing 244

Auditing Accounting Accounting 244

Accounting Today

MARCH 1, 2024

Despite suggestions to the contrary, audits remain valuable and serve a grander purpose.

Auditing 188

Auditing 188

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 286

Auditing 286

Accounting Today

JULY 25, 2023

The board's inspectors are finding 'unacceptable' levels of problems at auditing firms, with year-over-year increases once again.

Auditing 245

Auditing 245

Accounting Today

JANUARY 9, 2024

The Institute of Internal Auditors issued a newly updated set of Global Internal Audit Standards, taking effect in January 2025.

Auditing 188

Auditing Accounting Accounting 188

Accounting Today

MARCH 5, 2024

The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.

Auditing 171

Auditing Financial Reporting 171

Accounting Today

AUGUST 10, 2023

The Public Company Accounting Oversight Board saw high rates of deficiency when inspecting audits of brokers and dealers last year, with little to no improvement over prior years.

Auditing 246

Auditing Accounting Accounting 246

Accounting Today

DECEMBER 7, 2023

The International Auditing and Assurance Standards Board has unveiled a new standard for auditing smaller businesses and organizations.

Auditing 188

Auditing Accounting Accounting 188

Accounting Today

JANUARY 19, 2024

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.

Auditing 141

Auditing 141

Accounting Today

AUGUST 1, 2023

At the same time, the number of companies reporting their audit fees has dropped roughly 20%.

Auditing 246

Auditing 246

Accounting Today

FEBRUARY 1, 2024

Audit reports contain significant, material information, argues accounting educator J. Edward Ketz.

Auditing 136

Auditing Accounting Accounting 136

Fidesic blog

DECEMBER 6, 2023

Whether internal or external, financial audits can be an extremely stressful time. Accounts receivable auditing is among the most critical of financial audits. An internal AR audit will give deep insight into the business' incoming cash and can be a determining factor in planning the financial future of the company.

Accounts Receivable 130

Accounts Receivable Accounts Receivable Account Receivables Auditing 130

Accounting Today

OCTOBER 12, 2023

It is clear to me that our audit work on Carillion was very bad, over an extended period." "These findings are damning," Jon Holt, chief executive officer of KPMG in the U.K.,

Auditing 198

Auditing Accounting Accounting 198

Accounting Today

AUGUST 22, 2023

But what if you're audited? You got your taxes filed by the skin of your teeth last year and before. What if you need a loan? Are you ready?

Auditing 246

Auditing Tax 246

Accounting Today

JULY 18, 2023

The more KAMs disclosed in an audit report, the higher the distress level of a company, according to a new study

Auditing 246

Auditing Accounting Accounting 246

Accounting Today

FEBRUARY 21, 2024

The Internal Revenue Service will be scrutinizing the use of corporate jets for personal travel more closely, focusing on big corporations and partnerships, as well as high-income taxpayers.

Auditing 311

Auditing Corporation Tax Tax 311

Accounting Tools

FEBRUARY 25, 2024

What is an Audit? In general, an audit is an investigation of an existing system, report, or entity. There are many types of audits that can be conducted, as noted below. This audit is most commonly used in regulated industries or educational institutions.

Auditing 75

Auditing Payroll Financial Statements Tax 75

Accounting Today

APRIL 22, 2024

Deloitte auditors have been turning their attention to climate risks affecting clients who need to deal with a growing array of regulations and laws around the world as the pace of climate change accelerates.

Auditing 188

Auditing Accounting Accounting 188

Accounting Today

OCTOBER 11, 2023

When Caroline Ellison asked the former CEO in 2020 whether the line of credit would show up in FTX's audit, he said, "don't worry, the auditors aren't going to look at that," she testified.

Auditing 171

Auditing 171

Accounting Today

SEPTEMBER 5, 2023

The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.

Auditing 343

Auditing Tax 343

Accounting Today

OCTOBER 25, 2023

Batliboi's audits on some companies going as far back as 2014, sources said. The NFRA has requested files and communications related to S.R.

Auditing 177

Auditing Accounting Accounting 177