Audits are inherently backward-looking, focused on reviewing past financials and ensuring that the company has complied with ...

The regulator found flaws in 39 per cent of audits it inspected last year, down from 46 per cent in 2023. Among the Big Four ...

The Public Company Accounting Oversight Board was active with enforcements in 2024, but President Trump's deregulatory ...

Accounting firm Moss Adams is in advanced talks to receive private-equity investment through a merger with peer Baker Tilly, ...

In a letter to the IRS, the AICPA recommended changes to the final regulations for generation-skipping transfer (GST) exemption and certain GST elections that it said would make it easier and less ...

The focus is on the establishment of the Local Audit Office, which aims to streamline and simplify the current fragmented ...

Wenzel Reyes is the Senior Director of Methodology and Audit Solutions at MindBridge, where he helps firms harness AI and ...

Even if an audit opinion is given as appropriate, it is common for accountants to hide warning signs somewhere in the ...

Professional bodies in the US and Scotland agreed a pilot programme in 2018 that allowed limited recognition of each other’s ...

The former comptroller-general and South Carolina auditor have each resigned in recent years after financial reporting issues ...

The firms’ U.S. units collectively had a deficiency rate of 20%, down from 26% the previous year.

Summary: Audit trails are essential for ensuring transparency and compliance in business operations, particularly under ...