The PCAOB on Monday adopted a pair of foundational auditing standards with ties to AICPA standards. AS 1000, General Responsibilities of the Auditor in Conducting an Audit, aims to enhance and ...

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 ...

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 ...

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 ...

Quality is the name of the game when your business is in the business of product creation. Whether your product is a fast food hamburger or hardware that may one day become part of a jet airplane, ...

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 ...

Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an ...

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