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 294

Auditing 294

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 293

Auditing Tax Accounting Accounting 293

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 294

Auditing Accounting Accounting 294

Accounting Today

SEPTEMBER 17, 2024

Emerging technologies are revolutionizing the group audit process with solutions to navigate the complexities and enhance audit quality.

Auditing 124

Auditing Tax Accounting Accounting 124

Accounting Today

AUGUST 22, 2024

Six years of the Centralized Partnership Audit Regime have elucidated a central understanding: the provisions present plenty of potential pitfalls for partnerships, partnership representatives and the partners.

Auditing 223

Auditing Tax 223

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 317

Auditing Tax 317

Accounting Today

JULY 16, 2024

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

Auditing 325

Auditing 325

Accounting Today

SEPTEMBER 16, 2024

Wolters Kluwer announced major enhancements to CCH Axcess Audit, which works with numerous other modules in the suite to produce more detailed insights and workflow integration.

Auditing 177

Auditing Tax Accounting Accounting 177

Accounting Today

AUGUST 28, 2024

KPMG US has established an Independent Audit Quality Advisory Committee, along the lines of its fellow Big Four firms, in an effort to improve its audits amid tougher inspections and enforcement by the Public Company Accounting Oversight Board.

Auditing 169

Auditing Accounting Accounting 169

Accounting Today

MAY 23, 2024

Traditional audits may hinder business growth potential as accounting firms are slow to embrace modern approaches, according to an Inflo report.

Auditing 321

Auditing Accounting Accounting 321

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 286

Auditing Accounting Accounting 286

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 328

Auditing Financial Reporting Accounting Accounting 328

Accounting Today

AUGUST 30, 2024

The Treasury Department directed the IRS not to use any additional Inflation Reduction Act funds to increase audits on small businesses or households earning less than $400,000.

Auditing 226

Auditing Tax 226

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 325

Auditing Collections 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 311

Auditing 311

Accounting Today

JUNE 4, 2024

Fieldguide announced the release of Fieldguide for Financial Audit.

Auditing 299

Auditing Computation 299

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 321

Auditing 321

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 312

Auditing Accounting Accounting 312

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 342

Auditing Tax 342

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 300

Auditing 300

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 294

Auditing 294

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 311

Auditing Accounting Accounting 311

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 294

Auditing Tax 294

Accounting Today

FEBRUARY 27, 2024

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

Auditing 312

Auditing 312

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 325

Auditing Accounting Accounting 325

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 278

Auditing Accounting Accounting 278

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 294

Auditing Tax 294

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 195

Auditing Accounting Accounting 195

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

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 315

Auditing 315

Accounting Today

AUGUST 28, 2024

The IIA Internal Audit Foundation's newly released Vision 2035 project sheds light on the challenges over the next decade.

Auditing 141

Auditing 141

Accounting Today

JULY 2, 2024

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.

Auditing 208

Auditing 208

Accounting Today

MAY 6, 2024

The Public Company Accounting Oversight Board released a report highlighting special auditing considerations in the commercial real estate market, at a time when many office buildings have lost tenants due to remote work and empty space has grown.

Auditing 177

Auditing Accounting Accounting 177

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

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 226

Auditing 226

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 169

Auditing Accounting Accounting 169