Auditing
Latest News
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
New Jersey Joins IRS Direct File For 2025 Filing Season
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PCAOB Replaces Old Quality Control Rules With a New Standard
The new quality control standard will require audit firms to annually evaluate their QC systems and report the results to the PCAOB.
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New PCAOB Rules Would Push Auditors to Assemble Final Documentation More Quickly
As part of a new standard adopted May 13, the time period to assemble a final set of audit documentation would be cut from 45 to 14 days.
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AuditBoard Adds InfoSec Solution Enhancements for Cyber Risks
New capabilities include enhanced AI automation, customizable automated workflows, and real-time analytics.
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Semple, Marchal & Cooper is Trump Media’s New Auditor
Trump Media & Technology Group has reportedly dumped BF Borgers as its external auditor for Phoenix-based Semple, Marchal & Cooper.
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Webcast May 9: Lease Accounting’s Role in Executing Financial Strategy
With changes in lease accounting and emissions standards, organizations need to look beyond compliance to automating, optimizing and consolidating strategic financial systems.
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SEC Charges Trump Media’s Audit Firm BF Borgers With ‘Massive Fraud,’ Saying it Faked Audits
The audit firm will pay a $12 million civil penalty to settle the charges, and owner Benjamin F. Borgers will pay a separate $2 million fine.
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8 Characteristics of a Well-Designed Root Cause Analysis Process, According to the PCAOB
In a staff report, the PCAOB discusses the importance of the root cause analysis process in firms' efforts to improve audit quality.
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PCAOB Group Seeks Input On the Most Decision-Useful CAMs or KAMs
The Investor Advisory Group is looking to identify the top three critical audit matters or key audit matters for 2023.