Auditing February 12, 2025
The Public Company Accounting Oversight Board on Feb. 11 filed a notice with the SEC to withdraw its new standard on audit firm reporting of standardized firm and engagement metrics for approval—a victory for those that opposed the rules, including many of the largest accounting firms in the U.S. and the AICPA.
Accounting February 5, 2025
The Cybersecurity Topical Requirement provides a baseline approach for internal audit functions when they assess cybersecurity as an audit topic or if cybersecurity is identified as a risk within other audits.
Firm Management October 10, 2023
A new survey conducted by Protiviti and The Institute of Internal Auditors (IIA) reveals which risks are keeping IT auditors up at night.
Accounting September 28, 2023
The practice aid is among numerous resources the AICPA provides to help firms successfully implement the QM standards.
Auditing September 26, 2023
BDO USA was fined $2 million and two of the firm’s partners were fined a total of $60,000 for failures in the 2017 audit of AAC Holdings.
Auditing September 20, 2023
However, the nearly 4% increase in audit fees over FY 2021 was less than the year-over-year inflation rate in 2022 of 6.5% in the U.S.
Accounting September 20, 2023
Britain’s accountants, auditors and advisers are clinging to their jobs, nervous that their negotiating power has sharply dropped.
Auditing September 19, 2023
The proposal would hold auditors and others more accountable when they negligently cause their firm to violate auditing standards.
Taxes September 18, 2023
The agency is ramping up compliance efforts against high-income earners, partnerships, large corporations, and promoters.
Taxes September 8, 2023
The agency is opening examinations of 75 of the largest partnerships in the U.S. that on average have over $10 billion in assets.
Auditing September 5, 2023
The top 50 firm was fined $200,000 for auditor independence violations related to its membership in an accounting alliance.
Accounting September 1, 2023
The report found that two-thirds of organizations have not implemented ESG controls, and that 60% do not currently perform internal ESG audits.