Accounting Today

JUNE 9, 2025

Businesses" report found that 34% of respondents said they are "very likely" to switch auditors in the next three years, 36% are "somewhat likely" and 15% are "not sure." Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. Inflos "Creating a New Audit Experience for U.S.

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Accounting Today

JULY 16, 2025

The Institute of Internal Auditors presented its updated competency framework for internal auditors during its international conference this week in Toronto.

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CPA Practice

JUNE 17, 2025

OBannon Cherry Bekaert has been included in Hedge Fund Alert’s 2025 list of Top Hedge Fund Auditors. Spicer Jeffries LLP has been a perennial top 10 hedge fund auditor for over a decade, and its knowledge and reputation in the securities industry have significantly contributed to this achievement.

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auditor Technology audit payroll 72

CPA Practice

NOVEMBER 19, 2024

A new analysis of audit committee disclosures of companies in the S&P 1500 reveals a plateau in disclosure rates across several areas important to investors, including considerations in appointing or reappointing the external auditor, length of auditor tenure, and how the audit committee evaluates audit fees in relation to audit quality.

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audit auditor Government 111

Going Concern

JANUARY 9, 2025

AARP The Council of Institutional Investors Hmm there’s a pattern here I just can’t put my finger on it… Conway’s position is that the large audit firm staffing model is a mismatch for the complexity auditors are expected to master. This is not the staffing model we would adopt if we were starting from scratch.

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audit auditor Education accounting firms 124

CPA Practice

JULY 7, 2025

This edition of "Audit Focus" highlights key reminders for auditors of small public companies or brokers and dealers on engagement acceptance and why it's a critical part of the audit process.

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CPA Practice

NOVEMBER 19, 2024

The evolving role of auditors Future auditors aren’t being replaced—they’re being empowered. From sample testing to complete coverage: Where auditors once spent hours selecting and testing transaction samples, standardized granular data enables: 100% population testing rather than sample-based approaches. Increasingly, it’s us.

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auditor audit Technology CPA 52

ThomsonReuters

NOVEMBER 25, 2024

← Blog home As a new presidential administration takes shape, the potential for substantial shifts in tax laws and other financial regulations is top of mind for auditors. In particular, auditors should look for: New significant risks. Uncertain tax positions. Disclosure of tax rate impacts. Future tax obligations.

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Going Concern

JULY 9, 2025

According to a recent paper in Contemporary Accounting Research , auditors with “uncommon” names are more likely to allow bending of audit standards. Collectively, our study provides novel evidence on the role of auditor individualism in earnings comparability. Phys.org continues: Why is this issue worth looking into?

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CPA Practice

JULY 16, 2025

Deloitte has rolled out a series of new artificial intelligence capabilities within its global cloud-based audit and assurance platform, Omnia, designed to evolve the audit process.

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auditor audit Account accountant 64

ThomsonReuters

DECEMBER 2, 2024

While it does not change the confirmation requirements, it prompts auditors to re-examine inherent risk factors closely, particularly for areas like cash and cash equivalents, where fraud can be more prevalent. A critical takeaway for auditors is that if controls are not tested, then the RMM equals the inherent risk.

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TaxConnex

JANUARY 21, 2025

Sans a valid exemption/resale certificate, an auditor examining your records one day might conclude that a transaction was taxable when you claim it wasnt and that you collected and remitted no sales tax on it. The responsibility to determine the validity of the exemption certificate , though, rests with you the business.

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Non-Profits auditor Hospitality Sales 147

CPA Practice

DECEMBER 3, 2024

The separation of audit and non-audit services allows the firm to comply with securities laws ​​prohibiting conflicts of interest that could impair the objectivity of the firms’ auditors.

Non-Profits 111

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CPA Practice

NOVEMBER 11, 2024

First, on multiple occasions, the accounting firm failed to timely report the participants in its issuer audits on PCAOB Form AP, in violation of PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants.

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CPA Practice

JULY 7, 2025

The proposed Statement on Auditing Standards contains a number of changes, including the establishment of required procedures for when an auditor has identified fraud or suspected fraud.

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Going Concern

NOVEMBER 8, 2024

Municipal Messes Delayed audit finds ‘material weaknesses’ in Elton’s finances and procedures [ KPLC (Louisiana)] The town agreed to address such deficiencies including timely adopting an operating budget, hiring someone qualified to prepare financial statements, and submitting required paperwork to the Legislative Auditor’s Office by the due date.

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Withum

JANUARY 30, 2025

The accelerated and large accelerated filers are required to comply with SOX 404(b) requirement, which mandates external auditors opinion on ICFR. Coordinate with Key Stakeholders Engage your finance team and external auditors early to set expectations and address questions. All publicly traded companies in the U.S.

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CPA Practice

NOVEMBER 13, 2024

Wolters Kluwer, a provider of information, software, and services for professionals, has collaborated with The Institute of Internal Auditors’ Internal Audit Foundation on a research report: Harnessing Generative AI for Internal Audit Activities.

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audit auditor Government 111

CPA Practice

JULY 14, 2025

CCH Validate reimagines bank confirmations, putting auditors in full control to obtain confirmations with unprecedented speed. Leveraging advanced technologies—including blockchain for tamper-proof assurance—it enables 100% bank statement retrieval from banks worldwide.

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CPA Practice

MAY 21, 2025

The new credential is designed to meet the needs of IT auditors who are facing an evolving tech and compliance landscape with artificial intelligence at the forefront, the ISACA says.

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audit auditor Technology 76

Going Concern

JULY 11, 2025

billion ($1 billion), alleging the auditor failed to detect fraud and misstatements that contributed to the Toronto private lender’s collapse. The focus of the probe is on the audits conducted between 2017 and 2023, a period during which Deloitte succeeded Azets as the auditor for the 2023 financial year.

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cpa firm cpas CPA auditor 58

Summit CPA

OCTOBER 10, 2024

Do not withhold information from an auditor intentionally. Hiding information from an auditor may create a fraudulent situation. Padding business deductions with non-deductible personal expenses may be considered tax fraud. Information concealed during an audit. It’s stressful enough just going through a tax audit.

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auditor audit tax return Tax 93

Withum

MAY 5, 2025

Make sure you inquire regarding what types of internal process documentation would need to be documented for auditor review. First, the company should communicate with the auditors their process for maintaining and recognizing revenue (for more on revenue recognition, refer to the Technical Memos section below ASC 606 Revenue Recognition).

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ThomsonReuters

NOVEMBER 4, 2024

As emerging technologies and regulations reshape the field, many auditors find themselves grappling with outdated processes and inefficiencies. By seamlessly integrating into existing workflows, this cutting-edge tool solution allows auditors to focus on high-risk areas, reduce manual workloads, and deliver superior client service.

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Going Concern

JANUARY 3, 2025

Check out Accountingfly’s top remote accounting candidates of the week and sign up for Always-On Recruiting to get a new batch of accountants and auditors for hire in your inbox every week — free! We dont know, Matthew Dunlap, Maines state auditor, said. To Be Continued… Oh do we have things to say about this.

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CPA Practice

JUNE 9, 2025

AuditPro.ai is an intuitive and affordable assurance platform where accounting and finance professionals can easily discover and quickly benefit from the most advanced technologies.

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Going Concern

JANUARY 1, 2025

Ongoing sexism in promotions Mental health Remote work is affecting training and supervision of associates Mental health impact of public No one wants to be “us” Incompetence of regulators Impact of years of remote working on junior staff training, ensuing pressure on upper level auditors, causing significant lapses in audit quality.

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Shay CPA

FEBRUARY 19, 2025

3: Organize your documents When you hire an auditor, theyll give your startup a provided-by-client (PBC) list. 5: Find the right partner The auditor you choose will directly impact how smoothly and successfully the audit goes. As you seek out the right auditor, ask about their experience with tech companies.

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Going Concern

JANUARY 6, 2025

Several accounting firms argued disclosing the metrics to the audit committee of a companys board would be better than making them public for shareholders because that is the committee that ultimately appoints the auditor. As a refresher, these are the metrics the PCAOB wants firms to start reporting: Partner and Manager Involvement.

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CPA Practice

NOVEMBER 11, 2024

DataSnipper : The Intelligence Automation Platform and Advanced Extraction Suite have provided functional automation to auditors for some time. AuditBoard : Offers robust risk management and audit automation features.

accounting firms 111

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Accounting Today

JUNE 23, 2025

"The due process document will be a broader call for external input into our process, but this is another way that were going to be getting external input from some preparers of financial reports, some auditors, different users and technologists," said Black. The board has also formed a GAAP Structure Consultative Group.

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CPA Practice

NOVEMBER 11, 2024

Saah has been with the company since 1998, where he started as a recruiting manager, following a career as an internal auditor and assistant controller. He was named executive director in 2017, previously serving as director of permanent placement services.

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ThomsonReuters

DECEMBER 27, 2024

Unique audit risks related to cryptocurrency What is an auditors responsibility in crypto audits? As the crypto market continues to grow, auditors must adapt their approaches to address these new challenges. Additionally, auditors need to understand the specific risks associated with cryptoassets.

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CPA Practice

JUNE 18, 2025

in Economics from the University of Delaware and is a Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA). O’Hea is a fellow of the Association of Chartered Certified Accountants and holds a diploma of Internal Audit with the Institute of Internal Auditors.

Technology 115

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Going Concern

MARCH 19, 2025

Each of them violated PCAOB Rule 3211 , Auditor Reporting of Certain Audit Participants, by “failing to accurately disclose on PCAOB Form AP the participation in firm audits of other accounting firms, including, among others, component auditors, shared service centers, and critical audit matter hub.”

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CPA Practice

NOVEMBER 5, 2024

The scheme included Dellomo’s submission of a “false and misleading” management representation letter to Lovesac’s outside auditor, according to the lawsuit. The employee’s report triggered an internal investigation, the lawsuit said.

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