Audit Firms

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

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.
By David McCann | November 27, 2019
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The Dark Side of Accounting Expertise
Risk & Compliance

The Dark Side of Accounting Expertise

For top executives, managerial experience at an auditing firm is not necessarily a virtue, especially among those who are highly paid, a study finds.
By David McCann | October 25, 2018
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PCAOB Trying Different Tack in Selecting Audits
Risk Management

PCAOB Trying Different Tack in Selecting Audits

Among other things, the new approach will limit the ability of firms to predict which of their audits the PCAOB may select to inspect.
By Vincent Ryan | May 10, 2017
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Higher Pay for Auditors Leads to Fewer Restatements
Training

Higher Pay for Auditors Leads to Fewer Restatements

The more a Big Four firm pays its auditors, the fewer restatements its clients have, finds a new study.
By David Katz | April 27, 2017
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Disclosing Engagement Partner Improves Audit Quality
Risk & Compliance

Disclosing Engagement Partner Improves Audit Quality

It's especially so when audit committee members serve in the same role for other companies with the same audit-firm engagement partner, research finds.
By David McCann | December 22, 2016
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10 Steps to Financial Audit Success
Financial Reporting

10 Steps to Financial Audit Success

Whether your financial audit is a seamless process or a tiring uphill slog is largely up to you.
By Rahul Sheth | December 12, 2016
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Audit Firms to Pay $318K Over Microcap Fraud
Risk & Compliance

Audit Firms to Pay $318K Over Microcap Fraud

De Joya Griffith and M&K CPAS were accused of defectively auditing the financial statements of purported mining companies.
By Matthew Heller | September 21, 2015
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Did KPMG Auditors Drop the Ball on FIFA?
Risk & Compliance

Did KPMG Auditors Drop the Ball on FIFA?

Corruption scandal has some wondering whether KPMG's oversight of worldwide soccer's governing body was effective.
By Matthew Heller | June 3, 2015
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Inside Audit Firms: A CFO’s View
Compensation

Inside Audit Firms: A CFO’s View

After 15 years in the business, a finance chief describes how audit firms operate, manage growth, and pay their partners.
By David Katz | April 2, 2015
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Nearly Half of Public Company Audits Found Defective
GAAP and IFRS

Nearly Half of Public Company Audits Found Defective

Audit deficiencies were most prevalent in internal controls, fair value measurement, and revenue recognition, says the IFIAR.
By Matthew Heller | March 4, 2015
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Regulators Zero in On Audits of Related Parties
Risk & Compliance

Regulators Zero in On Audits of Related Parties

The subject of related parties continues to be a focal point of regulators and government prosecutors seeking to bring civil or criminal legal actions.
By Howard Berkowitz | February 26, 2015
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PCAOB Abandons Auditor Rotation
Strategy

PCAOB Abandons Auditor Rotation

The audit watchdog's three-year pursuit of a rule to boost auditor independence has ended, says chairman James Doty.
By Vincent Ryan | February 6, 2014
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