Auditing

The new Upload functionality now makes Validis accessible to all businesses, regardless of their accounting package.

Before engaging with an auditor, 64% of finance leaders say they look for the audit firm to use AI, according to a new BDO USA report.

Available immediately, the new enhancements will help audit teams improve efficiency and foster collaboration, the company says.

The first tool to debut in the suite, Audit Intelligence Analyze, employs Al and machine learning to enhance both audit quality and efficiency.

Four firms were caught up in an enforcement sweep, while the fifth firm was sanctioned for failing to timely file PCAOB Form 3.

Neither digital disruption nor climate change were named among the top five areas where internal audit functions allocate the most time and effort, with both ranked in the lower half of audit priorities.

Hosts Brian Tankersley, CPA, and Randy Johnston discuss the technologies that won this year's 2024 Tax and Accounting Technology Innovation Awards, a program by CPA Practice Advisor that honors products making a difference for professionals.

The firm also agreed to settle auditor independence charges, as well as for aiding and abetting clients' violations of securities laws.