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.
PCAOB’s ‘Audit Failure’ Rate Is Highly Suspect
The Public Company Accounting Oversight Board is making loose, misleading statements about the quality of public company audits.
Poor Internal Control Tests Hurt Financial Statement Audits
Deficiencies in audits of internal controls can lead to inadequate disclosures in the financial statement audit, says a new PCAOB practice alert.
How the C-Suite Can Impact Internal Controls
Good internal controls need to start at the top of a firm. But they must be carried through to all levels, say experts.
Internal Audit: a Dead-end Job?
A new study reveals that new entrants to the corporate-accounting profession have second thoughts about entering internal audit.
Forum: Out of Control?
Regulators are worried that banks are letting their internal controls slide. Who's minding yours?