The Public Company Accounting Oversight Board has been requiring auditing firms to conduct engagement quality reviews ever since 2009 as a way to improve audit quality, but the number of auditing ...

(EY) for a three-year internal audit engagement, reinforcing its commitment to institutional-grade compliance, governance, and operational resilience across its infrastructure serving financial ...

The Securities and Exchange Commission headquarters in Washington, D.C. The PCAOB voted to adopt the standards in November after making some modifications to assuage several of the concerns raised ...

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

Let’s be honest—if you run a growing business, pulling together the annual financial statement can feel like a headache you’d rather avoid. Sure, a full audit gives you top-tier assurance, but it’s ...

CHICAGO--(BUSINESS WIRE)--The inaugural 2024 BDO Audit Innovation Survey, released today, finds that companies increasingly expect their audit firms to leverage advanced technologies like AI to ...

Accounting and finance teams often find it difficult to diminish the anxiety and inevitable angst around the annual close and corresponding audit. They might rush to finalize annual financials, ...