Auditing May 2, 2023
Independence Gets Its Own Spot in PCAOB Audit Inspection Reports
A brand-new section debuted today in PCAOB inspection reports of audit firms, and it is devoted to auditor independence.
Auditing April 26, 2023
PCAOB Says Firms Are Screwing Up SPAC Audits
Over the last couple of years, PCAOB inspectors have observed high rates of deficiencies on SPAC audits.
Auditing April 26, 2023
PCAOB Highlights Priorities for 2023 Audit Inspections
Inspectors will take a closer look at audits that include risks related to digital assets, fraud, and financial services.
Accounting April 21, 2023
Five Ways to Help Clients Maintain Accuracy in Financial Reporting
The future of financial reporting will show an increased use of automation and artificial intelligence to improve the efficiency and accuracy of an organization’s checks and balances.
Accounting March 31, 2023
Financial Accounting Standards Advisory Council Meeting Recap
The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities.
Accounting February 9, 2023
AuditFile Partners with AuditClub for Audit Efficiency and Quality
New AuditFile software feature helps firms connect with AuditClub fractional auditors to complete audits and reviews under tight deadlines
Accounting February 7, 2023
IIA Opposes New PCAOB Standard Proposal’s Anti-Internal Auditor Language in Comment Letter
The comment letter notes that the proposed change in the standard is presented without any apparent explanation or evidence for the need for such a change.
Accounting January 18, 2023
The Parallel Problems of Public Accounting & Major League Baseball
After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball.
Accounting January 11, 2023
Paul Munter to Take Over as SEC Chief Accountant
Munter, who joined the SEC in 2019, has served as acting chief accountant since January 2021.
Auditing January 5, 2023
PCAOB Looks to Modernize Rules for Confirmations
Proposal would replace an interim standard that has not changed substantially since 2003.
Accounting December 18, 2022
PCAOB Granted Authority to Inspect Chinese Audit Firms
"This historic and unprecedented access was only possible because of the leverage Congress created by passing the Holding Foreign Companies Accountable Act," Williams said.
Accounting December 7, 2022
Professionals on the Move – Dec. 2022
Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements around the professional tax and accounting space.