Whether your financial audit is a seamless process or a tiring uphill slog is largely up to you.
Deloitte Touche Tohmatsu Auditores Independentes settles case involving materially false audit reports and an attempted cover-up of violations.
Audit fees increased by a median of 3.2% in 2015, but the largest filers are keeping a lid on costs by improving internal controls.
The Republican electoral wins pose an added threat to the tenure of PCAOB Chair James Doty.
A decline in accounting fraud has freed up time for SEC staff to prioritize internal controls over financial statements.
Many report repeated instances of being pressured to squash or alter valid audit findings.
A survey finds disclosure of information on key areas of external auditor oversight has more than doubled in the past two years.
Adrian Beamish allegedly failed to properly scrutinize millions of dollars in payments that biotech investor Steven Burrill made from a fund.
The SEC says the firm ignored red flags in its auditing of Weatherford International despite designating the client as "particularly risky."
CFOs must be careful in making this choice, because there may be issues of penalties and personal legal liability.