All audit articles
-
News BriefCFPB proposes $3.95M fine against Freedom Mortgage over repeated data errors
Freedom Mortgage Corp. would have to pay a $3.95 million fine and carry out regular auditing and testing of its loan data under a proposed order by the Consumer Financial Protection Bureau.
-
ResourceWhite paper: 5 Ways to Reduce Document Sprawl During Audits
Reduce document sprawl by automating your file request, sharing, and tracking processes
-
Resourcee-Book: Trends, tips, and transparency: Internal Audit
In this e-Book, Compliance Week explores auditor reporting standards issued in May by the Auditing Standards Board to help companies get a head start on their rapidly approaching 2020 reports.
-
SponsoredTeamMate Touchstone Audit Industry Study
Groundbreaking research into the methodology and maturity of internal audit functions around the globe. Participate today.
-
ResourceWhite paper: 6 Ways to Improve Audit Readiness
Even for the best-prepared accounting teams, the annual audit can be a time of immense anxiety and sometimes frustration. Between client and audit team miscommunication, haphazard PBC lists, fluctuating trial balances, and the simple fact that the in-house accounting team has already moved on to a new fiscal year, it’s ...
-
Blog
Big Four: Please don’t break us up
An in-depth look at responses to the Competition and Markets Authority proposals to reform the U.K. audit market.
-
Blog
EY holds fast to U.S. audit model; PwC silent
EY may be taking steps to draw a broader line between audit and consulting services in the U.K., but the U.S. firm has no such plans. Meanwhile, PwC is silent.
-
Blog
RSM joins Sheltered Harbor
RSM, a provider of audit, tax, and consulting services, has joined the Sheltered Harbor alliance partner community in both an assurance and advisory capacity.
-
Blog
Big Four split on solutions to industry’s problems
Deloitte and KPMG have gone further than EY and PwC in their comments to the current CMA review of the industry, but it seems unlikely the members of the Big Four won't get on the same page.
-
Article
No easy answers for breaking up Big Four in U.K.
The last time the U.K.’s Competition and Markets Authority attempted to break up what is widely referred to as an oligopoly of the audit market by the Big Four audit firms—EY, PwC, Deloitte and KPMG—its actions had the opposite effect.
-
Article
The Big Four in the U.K.: Breaking up is hard to do
The latest recommendation to break up the Big Four accountancy firms from the two parliamentary committees investigating the collapse of construction firm Carillion is hardly a new idea, but is it possible?
-
Blog
Auditor tenure is ‘reference point,’ SEC's Bricker says
Auditor tenures are beginning to appear in public company filings, giving investors new insight into how embedded firms are at their various public company clients.
-
Blog
PCAOB flags increased number of audits at Crowe
After several years of steadily improving results, Crowe Horwath saw an increase in adverse findings in its latest PCAOB inspection report.
-
ArticleThe classic post-scandal question to auditors: What happened in the black box?
When investors decry the black box of public company auditing, asking for more visibility, they’re referring to cases like KPMG’s audit work at Wells Fargo.
-
Blog
PCAOB sees some improvement, yet room for more
Based on its latest round of audit inspections in 2017, the PCAOB found some improvement at some firms, but still plenty of work to do to meet standards.
-
Blog
PCAOB disciplines PwC, Crowe Horwath affiliate
The PCAOB has disciplined PwC over a broker-dealer audit lapse and Crowe Horwath HK over an investigation involving a China-based company.
-
Blog
University of California names chief compliance officer
The University of California Board of Regents has appointed Alexander Bustamante as senior vice president and chief compliance and audit officer at UC’s Office of the President, effective Sept. 5.
-
Article
Auditors: How can they be appointed independently?
A series of severe fines and reprimands involving auditor misconduct raises a thorny question: Could, or should, organizations have independently appointed auditors?
-
Blog
With attest tool to come, AICPA issues cyber reporting framework
The accounting profession is getting some new tools to deploy in their growing involvement with addressing cyber-risk.
-
Blog
KPMG, PCAOB dismiss personnel over inspection leak
Heads are rolling at both KPMG and the PCAOB over an information leak that gave KPMG auditors a leg up heading into its annual regulatory inspections.