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Auditing

Thomson Reuters Announces New Partnerships to Bring AI Automation to Audit Workflows

Technology December 5, 2025 

Thomson Reuters Announces New Partnerships to Bring AI Automation to Audit Workflows

The new partnerships with Trullion, Audit Sight, Crunchafi, Fieldguide, Validis, and Valid8 Financial support automated, data-driven audits, Thomson Reuters says.

Jason Bramwell

Featured Articles

January 5, 2026   Sponsored

CPE / IRS CE Webinar: Master Filing Amended and Superseded Returns on Form 1040-X

December 4, 2025  

Opportunities Exist for More Transparent Audit Committee Disclosures, CAQ Says

December 2, 2025   Sponsored

AI Isn’t a Threat to Auditors—It’s the Key to Elevating the Profession

November 20, 2025  

Audit Partners Show More Optimism About the Economy, CAQ Survey Finds

November 19, 2025  

Report Says Internal Audit Profession Requires ‘Superhuman’ Skills to Survive Era of Hypervolatility
PCAOB Puts Spotlight on Journal Entries in Latest ‘Audit Focus’

Auditing January 21, 2025 

PCAOB Puts Spotlight on Journal Entries in Latest ‘Audit Focus’

PCAOB staff continues to identify a large number of deficiencies related to the auditor’s examination of journal entries, the audit regulator said.

Jason Bramwell

Withum Leads in IPO Audit Clients for Q3 of 2024

Auditing January 16, 2025 

Withum Leads in IPO Audit Clients for Q3 of 2024

After tying PwC for the lead in the second quarter of 2024, top 25 accounting firm Withum was alone at the top of the initial public offering auditor market share standings in Q3 with 11 audit clients that went public, according to Audit Analytics.

Jason Bramwell

Many Auditors Are Still Married to Their Excel Spreadsheets, Report Finds

Auditing January 14, 2025 

Many Auditors Are Still Married to Their Excel Spreadsheets, Report Finds

"While Excel's versatility has made it a staple for decades, it's limitations—such as version control issues, manual data entry errors, and collaboration bottlenecks—are becoming increasingly problematic," accounting automation platform Trullion says in a new report.

Jason Bramwell

WWE Founder Vince McMahon Settles SEC Charges of Undisclosed Payments

SEC January 13, 2025 

WWE Founder Vince McMahon Settles SEC Charges of Undisclosed Payments

McMahon did not admit to or deny the SEC's findings, but he agreed to pay a $400,000 civil penalty and reimburse WWE for about $1.33 million, according to SEC officials.

PCAOB Doled Out a Record $37.4 Million in Fines in 2024

Auditing January 7, 2025 

PCAOB Doled Out a Record $37.4 Million in Fines in 2024

The blockbuster fine of 2024 was the $25 million penalty the PCAOB gave KPMG in the Netherlands last April for systemic internal exam cheating over a five-year period. It's the largest fine the PCAOB has ever doled out.

Jason Bramwell

Caseware Acquires SaaS Solutions Provider LeaseJava

Technology January 7, 2025 

Caseware Acquires SaaS Solutions Provider LeaseJava

This is Caseware’s eighth acquisition since Hg Capital acquired majority ownership of the Toronto-based company in late 2020.

Jason Bramwell

Navigating 2025’s Complex Landscape for Boards and Audit Committees

Accounting January 7, 2025 

Navigating 2025’s Complex Landscape for Boards and Audit Committees

Maintaining the focus on financial reporting and internal control risks remains job number one for audit committees.

Isaac M. O'Bannon

SEC Approves New PCAOB Procedure That Revokes Delinquent Firms’ Registrations

Auditing January 3, 2025 

SEC Approves New PCAOB Procedure That Revokes Delinquent Firms’ Registrations

Under the new rules, the PCAOB can address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered, as demonstrated by its failures to file annual reports via PCAOB Form 2 and pay annual fees for at least two consecutive reporting years.

Jason Bramwell

Average Audit Fees Rose 6.4% in 2023, Report Finds

Auditing January 2, 2025 

Average Audit Fees Rose 6.4% in 2023, Report Finds

Average audit fees increased by 6.4% in 2023—from $2.83 million in 2022 to $3.01 million the following year—according to the 15th Annual Audit Fee Survey and Insights Report from the Financial Education & Research Foundation.

Jason Bramwell

AIPCA to SEC: Reject the PCAOB’s Audit Firm Metrics Rules

Auditing December 26, 2024 

AIPCA to SEC: Reject the PCAOB’s Audit Firm Metrics Rules

In a Dec. 19 comment letter to the SEC, the AICPA says the new requirements adopted by the PCAOB last month would particularly burden small and midsized firms, as well as unintentionally hurt capital markets and the investing public.

Jason Bramwell

Entergy Hit With $12 Million SEC Penalty for Violating Accounting Rules

SEC December 23, 2024 

Entergy Hit With $12 Million SEC Penalty for Violating Accounting Rules

The SEC alleged that Entergy had inaccurate controls when recording materials and supplies, despite employees and management consultants flagging the issue.

Ensuring Success 2024 Online Conference Wrap Up, Day 2 –

Auditing December 19, 2024 

Ensuring Success 2024 Online Conference Wrap Up, Day 2 –

Thursday's free CPE session topics begin at 9am ET, and include Secure Act 2.0 effects on retirement, CAS, business license management, firm strategies, tax resolution, firm staffing, and marketing. Day two sessions start at 9am ET.

Isaac M. O'Bannon

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