Fraud detection is good. Preventing fraud in the first place is even better.
China-based companies are still not complying with PCAOB audit inspections. Does Congress have the answer?
Studies find no significant fall-offs in reporting quality over partners’ five-year tenures and little or no evidence of the benefits of "fresh looks."
Accountability and governance throughout the RPA lifecycle are essential for mitigating fraud and maintaining effective controls.
Research suggests finance chiefs are prone in early years on the job to "manage earnings," perhaps because of compensation-motivated pressure from the boss.
A certain federal agency should take over all public company audits, suggests a former Big Four auditor and current accounting software company CEO.
Companies don't look good for penalizing honest auditors, while other auditors don't look good for rendering slanted opinions.
Despite ongoing expectations to the contrary, complying with the Sarbanes-Oxley Act remains a moving target for companies.
While it may serve the interests of struggling companies, shopping for a favorable audit opinion lessens auditor independence and audit quality.
Study results contradict critics who are trying to water down the Sarbanes-Oxley requirement for auditing internal controls over financial reporting.
If the acquiring company elects to exempt the target from Sarbanes-Oxley Section 404 internal controls attestation, negative stock returns may follow.
The startup, AuditBoard, offers a cloud-based platform for managing Sarbanes-Oxley compliance and other aspects of internal auditing.
