Auditing

Auditing

U.K. Audit Regulator to Review How Companies Report Climate Change Risk

“Auditors have a responsibility to properly challenge management to assess and report the impact of climate change on their business.”

William Sprouse
February 21, 2020
Auditing

SEC Planning to Loosen Auditor Independence Rules

On Monday, the SEC proposed changing the rules to keep auditor committees and auditors from spending time on "non-substantive" rule breaches.
Auditing

Upgrading the Engagement

The Big Four have developed impressive technology platforms and tools. Here’s how they might improve auditing.
Applications

An Empowered Audit Team Can Be the Ultimate Safeguard

Regtech can improve transparency, but without the right culture even the best technology will fall flat.
Strategy

Start-Up CFOs: Be Ready to Raise Capital, Recap, or Sell

It doesn’t matter if selling the company is or isn’t the ultimate goal — a CFO needs to be prepared to execute all three.
Applications

AI Gets Real in Professional Services

Auditors are developing a level of speed and accuracy that would have been considered superhuman less than a decade ago.
Accounting & Tax

PwC Fined $7M for Audit Independence Violations

The SEC says the firm improperly worked on non-audit services including financial software projects for audit clients.
Auditing

Audits Are Broken. Here’s a Radical Way to Fix Them.

A certain federal agency should take over all public company audits, suggests a former Big Four auditor and current accounting software company CEO.
Auditing

Watchdog Slams PCAOB Oversight of Big Four

“By failing to hold the Big Four accountable [for audit deficiencies], the board is putting all Americans’ financial futures in jeopardy.”
Auditing

Audit Committees Boost Disclosure to Shareholders

Investors get more information about the selection and evaluation of large companies' independent auditors.
Auditing

RSM Charged by SEC with Violating Auditor Independence Rules

The accounting firm agreed to a $950,000 penalty and to engage an independent consultant to evaluate its current quality controls.
Auditing

Microsoft Discloses ‘Critical Audit Matters’

The software giant's auditor, Deloitte, found CAMs related to revenue recognition judgments and uncertain income tax provisions.
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