Audit preparation

South Korean auditors are refusing to sign off on more and more corporate financial statements due to tighter regulations, giving investors earlier warning signs of trouble ahead.

An adviser to union pension funds is calling on General Electric to change audit firms after investor confidence in the one-time blue-chip company has been rattled.

The Center for Audit Quality has released an updated version of its tool for audit committees to address recent changes in accounting standards and potential areas of risk.

New research suggests that when auditors are sick with the flu, the quality of their work declines.

Data-driven technology has the power not only to revolutionize the profession, but also to provide greater insight and analysis.

Three pieces of guidance outline new requirements for companies to disclose CAMs in their audit reports.

PricewaterhouseCoopers has settled with the Federal Deposit Insurance Corporation for $335 million over its audits of Colonial Bank, which failed in the midst of the financial crisis.

When it came to snagging new engagements, mergers made a major difference for many auditing firms.

The two were found guilty of sharing confidential materials ahead of a planned inspection of the Big Four auditing firm.

The laboratory-testing company facing criticism for its corporate governance, will no longer use an auditor for its Luxembourg subsidiaries who was contemporaneously signing off on the accounts of businesses controlled by the company’s largest shareholder.

'Those who look only to the past or present are certain to miss the future.'

The International Auditing and Assurance Standards Board has issued a trio of proposed standards to improve the quality of audits, reviews and related assurance service engagements at firms.

Two firms dominate an otherwise slow quarter for new engagements.

The Public Company Accounting Oversight Board's 2017 report on the Big Four firm shows a number of continuing deficiencies.

What accountants, controllers and CFOs should keep an eye on this year, based on discussions with peers in different areas of technology and business.

The framework aims to help more firms spell out how they're working to improve their auditing services.

Technology disruption will be a good thing for the audit.

The Public Company Accounting Oversight Board has been pilot testing its upcoming requirements for auditors.

A share collapse puts the century-long engagement at risk.

Megan Zietsman will assume her role with the Public Company Accounting Oversight Board in early 2019.