The Public Company Accounting Oversight Board approved two new standards Monday on a firm's system of quality control and the general responsibilities of the auditor in conducting an audit, albeit ...

The International Auditing and Assurance Standards Board approved a new and revised set of quality management standards Wednesday for auditors to use around the world, starting at the end of 2022, and ...

Firms with A&A practices should pay particular attention to the new standard on engagement quality reviews (EQRs) as they implement the new suite of quality management (QM) standards that are ...

The Financial Reporting Council (FRC) has opened a public consultation on proposed enhancements to its Audit Enforcement ...

WICHITA, Kan. (KWCH) - A report in the New York Times on Tuesday said that during a six-week audit by the Federal Aviation Administration of Boeing’s production of the 737 Max jet, Spirit AeroSystems ...

Even a global pandemic with dire health outcomes and difficult economic consequences hasn’t stopped the audit profession from providing clients and the public with the best quality and services.

Business bankruptcy filings between June 2009 and June 2010 showed an increase of 10 percent to 59,024, according to an October 2010 Dun and Bradstreet business report. The report's recommendations ...

A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...

A new staff report issued by the Public Company Accounting Oversight Board (PCAOB) seeks to provide best practices for auditors amid observations of rising deficiency rates related to engagement ...

The office failed a peer review that cited major problems with independence, supervision, and documentation. Leaders say corrective steps are underway.