The PCAOB's annual inspections find deficiencies in 24% of a sample of Deloitte audits and 22% of PwC's.
Among other things, the accountant and his firm failed to detect fraudulent sales and identify related-party transactions, says the SEC.
A new study finds audit committees at companies that hold staggered board elections are not responsive to low shareholder approval.
It’s safe to say that more automation means fewer control violations involving audits.
The proposal is intended to make it easier for lead auditors to spot deficiencies in the work of outside auditors.
Weak internal controls sealed the fate of the finance chief and auditor PwC.
Continuous accounting can put an end to the recurring nightmare accountants experience.
The pharmaceuticals company also canceled its 2016 financial guidance and delayed filing its fourth-quarter earnings report.
Management review controls are often subjective, complex to analyze, and harder to audit than other kinds of financial information.
An Ernst & Young survey finds only 55% of CFOs are fully or somewhat confident their reports comply with all reporting needs.