Thanks to a combination of increased consumer awareness and a constantly changing set of tax codes, the risk of getting sales tax wrong has risen.
Small publicly held companies pay more than $5,000 in audit fees (on average) for every $1 million in revenue, finds Audit Analytics.
New York's Benjamin Lawsky plans to turn up the heat on banks through random audits and targeted assessments of cyber-security preparedness.
The subject of related parties continues to be a focal point of regulators and government prosecutors seeking to bring civil or criminal legal…
Caught between the need to serve clients and the requirement to be skeptical of them, auditors may stint on audit quality.
Cathy Engelbert, tapped to be CEO of Deloitte, is the first woman to head a Big 4 accounting firm in the United States.
If that emphasis is at the expense of PCAOB rule-making, “those priorities need to be re-examined," the SEC's chief accountant says.
IRS charged that amount for errors including end-user mistakes, tax and accounting rule errors, and organizational boo-boos.
Deloitte, EY, KPMG and PwC will collectively pay $2 million to settle cases over failure to deliver documents.
With the GOP now in control of both the House and the Senate, Sen. Rand Paul re-introduced legislation to audit Fed monetary policy.