Audit Execs Worried about Data Accuracy

Chief audit executives are not so confident about the accuracy of the data their companies rely on to make decisions.
Audit Execs Worried about Data Accuracy


AICPA Releases Guidance on Financial Statement Reviews

The American Institute of CPAs’ Accounting and Review Services Committee has issued an interpretation on reviews of financial statements.
AICPA Releases Guidance on Financial Statement Reviews


Internal Auditors Not Giving Enough Risk Insights

CFOs and audit committee chairs are not getting enough insights into corporate risk management from their companies’ internal audit function, according to a new survey.
Internal Auditors Not Giving Enough Risk Insights


Munger's Daily Journal Ousts Auditor after Material Weakness Tag

Charles Munger just burned through another auditor.
Munger's Daily Journal Ousts Auditor after Material Weakness Tag


Audit Committees Should Watch for Third-Party Risks

Audit committees need to have oversight of risks to their organizations from third parties such as suppliers, distributors, sales people and service providers, according to a new report.
Audit Committees Should Watch for Third-Party Risks


Internal Auditors Tackling Cybersecurity

Internal audit practitioners are facing new demands for improving cybersecurity and communicating the risks of cyberattacks to their organizations, according to a new report.
Internal Auditors Tackling Cybersecurity


Brixmor Plunges as Executives Resign after Audit Findings

Brixmor Property Group Inc. shares plunged after Chief Executive Officer Michael Carroll and two other executives resigned following a discovery by the company’s audit committee that employees were “smoothing” income to make quarterly results more consistent.
Brixmor Plunges as Executives Resign after Audit Findings


Internal Auditors Straying into Risky New Areas

Internal auditors are increasingly finding themselves tasked with new responsibilities that carry some degree of risk, according to a new report.
Internal Auditors Straying into Risky New Areas


IIA Proposes Changes in Standards for Internal Auditors

The Institute of Internal Auditors has proposed changes to its International Standards for the Professional Practice of Internal Auditing to help internal auditors meet the challenges of today’s business environment.
IIA Proposes Changes in Standards for Internal Auditors


Study Questions Separation of Tax Services from Audits

Accounting firms that prepare the taxes of companies they also audit tend to steer away from dubious tax deductions, according to a new study.
Study Questions Separation of Tax Services from Audits