A Conversation with PCAOB Chair Erica Williams
Thomson Reuters recently had a conversation with U.S. Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams during a sunny …
Congress to Grill IRS Chief on Audits of Former FBI Officials
Congressional tax-writing committees will meet with the head of the IRS this month to glean information on the nature of …
AICPA Seeks Comment on Proposed Revisions to CPA Exam
As the AICPA is preparing to roll out a modernized CPA Exam in January 2024, the association issued a proposal …
Machine Learning May Improve Audit Efficiency, Study Finds
Adaptive algorithmic technology could help optimize audit sampling to better identify tax underreporting and close revenue gaps, according to a …
The Long Read: Auditing earned income
How the EITC’s complicated rules make low-income taxpayers targets for return audits More taxpayers than ever can claim the earned …
PwC and Deloitte Get High PCAOB Inspection Marks as EY and KPMG Lag in Comparison
Big Four accounting firms overall appear to be doing a good job of auditing public company’s financials, according to 2020 …
Lawmakers Grapple with Ramifications of Delisting Chinese Companies
Lawmakers during an October 26, 2021, House Financial Services subcommittee hearing mulled over the ramifications of delisting U.S.-traded Chinese companies …
AICPA Issues New Audit Standards on Risk Assessment
The AICPA’s Auditing Standards Board (ASB) on October 12, 2021, issued revised audit standards that enhance the requirements and guidance …
U.S. Audit Regulator Disciplines KPMG Australia for Cheating by its Auditors on Internal Tests
The U.S. audit regulatory board PCAOB said that KPMG Australia was fined for violating the board’s rules and quality control …
Gensler: Chinese Companies Will Face Trading Ban in 2024 if PCAOB is Unable to Inspect Their Auditors
Phil Swagel, the director of the Congressional Budget Office (CBO), on Sept. 2 published a blog post titled “The Effects …