Senators Urge Making PCAOB Hearings Public
Sens. Jack Reed and Chuck Grassley say the secrecy of board disciplinary proceedings is keeping critical information from investors.
Artificial Intelligence Comes to Financial Statement Audits
Only human beings, such as the auditor, can tell the true story behind the data.
Audit Committees Face Expertise, Risk Management Challenges
More than four in ten (41%) audit committee members say the effectiveness of companies' risk management programs poses the greatest challenge this year.
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.
10 Steps to Financial Audit Success
Whether your financial audit is a seamless process or a tiring uphill slog is largely up to you.
PCAOB Imposes $8M Penalty on Deloitte Brazil
Deloitte Touche Tohmatsu Auditores Independentes settles case involving materially false audit reports and an attempted cover-up of violations.
Accountant Suspended Over Failure to Spot Fraud
Among other things, the accountant and his firm failed to detect fraudulent sales and identify related-party transactions, says the SEC.
Finance Roundup for Executives: April 20, 2016
Be informed, get involved, and shape the world through finance. Read CFO.com's most recent headlines and standout stories.
Florida CPA Accused of Faulty Audits of 8 Firms
The SEC says Terry Johnson's audits had so many deficiencies they "amounted to no audits at all."
BDO to Pay $2.1Million Over Deficient Audits
The SEC alleges the big accounting firm ignored red flags in signing off on the financial statements of an employment staffing company.
Future Audits Must Do More: Survey
“The audit profession as a whole will be looked at to expand outside the domain of the historical financial statements,” says Deloitte & Touche CEO.