critical audit matters
Audit Committees Boost Disclosure to Shareholders
Investors get more information about the selection and evaluation of large companies' independent auditors.
Microsoft Discloses ‘Critical Audit Matters’
The software giant's auditor, Deloitte, found CAMs related to revenue recognition judgments and uncertain income tax provisions.
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.
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.
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."