Auditing March 4, 2026
SEC and PCAOB Enforcement Plummets
In 2025, the SEC brought 68% fewer accounting and auditing actions than in 2024, and the PCAOB finalized 27% fewer actions over the same period, according to Cornerstone Research.
December 15, 2014
AICPA Issues Advisory to Employee Benefit Plan Sponsors
The AiCPA has prepared a new advisory to provide plan sponsors, administrators and trustees with an understanding of the importance of hiring a quality auditor to perform employee benefit plan financial statement audits
December 15, 2014
AICPA Proposes Transforming Peer Review Program
The American Institute of CPAs has issued a concept paper that seeks input on the CPA profession’s practice monitoring of the future. The paper, “Evolving the CPA Profession’s Peer Review Program for the Future,” paints a picture of how the existing ...
December 8, 2014
7 Key Risk Areas for 2014 Audit Cycle
To help public company auditing firms address risks in a proactive and accelerated manner, the Center for Audit Quality (CAQ) has published a member alert, “Select Auditing Considerations for the 2014 Audit Cycle.”
December 1, 2014
Audit Quality Group Requests Proposals for Academic Research Grants
The Center for Audit Quality (CAQ) has issued a request for proposals (RFP) to fund independent academic research on auditing-related topics.
November 25, 2014
GASB Issues Preliminary Views on Reporting Government Fiduciary Responsibilities
The Governmental Accounting Standards Board (GASB) has issued for public comment a Preliminary Views, Financial Reporting for Fiduciary Responsibilities.
November 19, 2014
CPAs and Auditors Alerted to New SEC Rules on Financial Statements and A&A Engagements
The alert outlines rules applicable to financial statement audit and attestation engagements undertaken for non-issuers.
November 18, 2014
Online Career Mapping Tool Helps Internal Auditors
The Institute of Internal Auditors has introduced a new, free online tool that provides internal audit practitioners a powerful means to evaluate their professional competencies and plot their careers.
November 18, 2014
How to Build a Fraud-Resistant Business
Financial reporting fraud can prove costly for investors and other capital market stakeholders. A new report from the Anti-Fraud Collaboration takes a fresh look at best practices for fraud deterrence and detection, highlighting the critical importance of
November 13, 2014
IRS Allowed Up to $167 Million in Questionable Fuel Tax Credits
The Internal Revenue Service (IRS) may have allowed approximately $167.7 million in questionable fuel tax credit claims between 2011 and 2013, according to a new study released publicly today by the Treasury Inspector General for Tax Administration (TIGTA
November 6, 2014
Cloud-Based Audit Suite to Integrate with QuickBooks Online and Xero
AuditFile has announced it will soon fully integrate its cloud-based audit system with industry leading bookkeeping tools, QuickBooks Online and Xero. As the first entirely cloud-based audit, review, and compilation solution for CPA firms ...
October 29, 2014
Audit Quality Group Congratulates Internal Audit Case Study Competition
Sponsored by the Los Angeles Chapter of The Institute of Internal Auditors (IIA), the competition brought together the best and brightest accounting and auditing students in the LA area to analyze and present their case for responding to potential materia
October 24, 2014
Federal Judge Dismisses IRS Lawsuit, Moves Tea Party Scandal to Back Burner
The ongoing “Tea Party” scandal has appeared to loose some steam after a federal judge in the nation’s capital tossed out a lawsuit aimed by conservative nonprofit groups against the IRS (True the Vote, Inc. v. IRS, DC- Dist. Of Columbia, Civil Action No.