Audit preparation

Based on a flawed 1998 study, the war on spreadsheets continues unabated.

It’s said auditors get off lightly when companies fail. Tell that to the PricewaterhouseCoopers partner who signed off on the accounts of failed British retailer BHS. He has just received a 325,000-pound ($434,000) fine and a record 15-year ban from audit work.

The Public Company Accounting Oversight Board censured Deloitte & Touche LLP and imposed a $500,000 penalty against the Big Four firm for overlooking material accounting errors during three consecutive audits of Jack Henry & Associates, Inc., a Missouri-based IT provider for banks and credit unions.

KPMG LLP is conducting an internal review into its audits of embattled Middle East buyout firm Abraaj Group following the alleged misuse of money, according to people with knowledge of the matter.

Even as their job gets easier, the largest auditors impose greater charges the longer they’re auditing a company, according to a new academic study.

The AICPA chief challenged the profession to embrace changes in auditing, technology and more.

Helen Munter, director of registration and inspections at the Public Company Accounting Oversight Board, plans to leave the PCAOB at the end of May.

Carillion Plc deceived lenders and investors about its debt levels and was enabled by “complacent” auditors who failed to challenge its “aggressive” accounting, according to a U.K. Parliament report.

The audit automation software provider has introduced a free tool for Microsoft Office users.

A merger in Salt Lake City puts two local auditors ahead of the pack.

Today, you’ll find blockchain solutions from numerous enterprises emerging in the world of financial services, supply chain management, and even healthcare.

The Center for Audit Quality and the Auditing Section of the American Accounting Association have picked three more entries as part of their Access to Audit Personnel Program.

Two generations share thoughts on the future of remote audits.

An appeals panel sided with an auditor who wasn't allowed extra help at his deposition.

The American Institute of CPAs’ Auditing Standards Board has issued an auditing interpretation to help accountants comply with standards from both the AICPA and the Public Company Accounting Oversight Board.

Recent changes to international standards for audit reports have improved the quality of information that’s available to investors, and had a positive impact on wider elements of financial reporting, including governance and corporate reporting, according to a new report from the Association of Chartered Certified Accountants.

The International Forum of Independent Audit Regulators reported on issues with how firms are scrutinizing accounting estimates, testing internal controls, checking revenue recognition and more.

Auditors can upload scanned documents directly into client engagements.

When auditors push non-attest services, their clients’ financials tend to contain more errors, according to new research.

The Big Four firm had the larger number of new clients for the year, but the Seattle firm netted the most.