Audit preparation

Overall new client additions — and departures — continue to rise, thanks to M&A.

The Big Four firm gave a clean audit opinion to Silicon Valley Bank's parent company and Signature Bank only weeks before they failed.

Internal audit leaders cited technology as the main driver of risk to their organizations, especially when it comes to cybersecurity, according to a new survey by the Institute of Internal Auditors.

The Top 25 Firm's major merger with Friedman once again brought it a host of new engagements.

Silvergate's auditor, Crowe, has received multiple letters from short sellers making allegations about Silvergate's handling of customer funds.

Markus Braun insisted he acted properly when he told markets two months before the company's spectacular demise that a KPMG probe found no wrongdoing — even though the auditor didn't have access to the documents it needed.

The Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short-seller attack accusing his companies of accounting fraud.

The pitfalls of auditing from a distance require auditors to find other ways to get close to their clients.

Binance, the world's largest digital-asset exchange, is hearing calls for more transparency following the collapse of rival FTX.

The institute has released a guide to help auditors deal with a new standard on assessing the risks of a material misstatement.

The board offered insights on the remediation process that audit firms need to undergo when addressing problems with their quality control.

CFOs at some of the U.K.'s largest companies have already complained to the Big Four about the high costs of audits.

Companies can alleviate some of the coming stress with proactive planning, processes and collaboration.

"Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws," said SEC chair Gary Gensler.

The board released its latest inspection reports on Deloitte & Touche, PricewaterhouseCoopers, KPMG and Ernst & Young, plus BDO USA and Grant Thornton.

Michael Burry, the investor who foresaw the housing market crash in 2008, is skeptical about today's proof-of-reserve audits.

The accounting firm Mazars Group halted work for Binance and other crypto firms on reports that are meant to demonstrate that the companies hold the necessary reserves.

The Committee of Sponsoring Organizations of the Treadway Commission selected Lucia Wind, vice president of internal audit at the technology company Unisys, as its next board chair, succeeding Paul Sobel, for a three-year term starting Jan. 1, 2023.

Mazars Group has halted all work for crypto clients, dealing a blow to an industry seeking to shore up confidence in the wake of FTX's collapse.

A proof of reserves report, based on a snapshot review by Mazars, showed the exchange having sufficient crypto assets to balance its total platform liabilities, but acknowledged limitations.