critical audit matters Archives - CFO

Audit Chairs Give 2020 Audits Mixed Reviews

Audit Chairs Give 2020 Audits Mixed Reviews

In discussions with the PCAOB, audit committee chairs cited areas of auditor strengths and weaknesses.

By Vincent Ryan | February 2, 2021

Audit Committees Boost Disclosure to Shareholders

Risk & Compliance

Audit Committees Boost Disclosure to Shareholders

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

By David McCann | September 5, 2019

Microsoft Discloses ‘Critical Audit Matters’

Risk & Compliance

Microsoft Discloses ‘Critical Audit Matters’

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

By David McCann | August 22, 2019

Fresh Evidence of Auditor Bias Emerges

Risk Management

Fresh Evidence of Auditor Bias Emerges

Companies don't look good for penalizing honest auditors, while other auditors don't look good for rendering slanted opinions.

By David McCann | August 12, 2019

Lessons on Auditing from Carillion’s Collapse

Risk Management

Lessons on Auditing from Carillion’s Collapse

The sudden failure of U.K. construction firm Carillion exposes the limits of public company auditing and sparks discussion of reforms.

By Russ Banham | October 23, 2018

PCAOB Questions Its Own Relevance

PCAOB Questions Its Own Relevance

The audit overseer is seeking help in identifying "the most promising opportunities to enhance the PCAOB's relevance to the capital markets."

By Vincent Ryan | April 25, 2018

PCAOB OKs First Big Change to Audit Report in 70 Years

PCAOB OKs First Big Change to Audit Report in 70 Years

A PCAOB recommendation would require auditors to report on issues that kept them up at night.

By David Katz | June 1, 2017