Accounting July 21, 2023
Grant Thornton Names 75 New Partners, Principals and Managing Directors
By service line, audit accounts for the largest number of promotions (40%), followed by tax (28%), advisory (28%), and internal services (4%).
Accounting July 20, 2023
Want to Search PCAOB Inspection Reports By How Many Screw-Ups an Audit Firm Made? You Can Now Do That
Investors and other users can now easily filter more than 3,700 PCAOB inspection reports by audit deficiency rate and more.
Accounting July 19, 2023
HubSync Unveils Gateway: Redefining Client Experience for Audit and Tax Professionals
Gateway offers real-time status reporting and customizable set-ups for internal, corporate, and individual clients, ensuring 360-degree visibility regardless of size, complexity, or location.
Accounting July 10, 2023
AuditFile Announces Acquisition of Advantage Audit from Wiley
AuditFile also announced it has relaunched the Advantage Audit product as "AuditFile Advantage Audit AI."
July 1, 2023
AuditFile Announces Integration With Microsoft Azure OpenAI Service
The integration enables auditors to leverage the power of AI to complete attest procedures, analyze large amounts of financial data, prepare financial statements, and aid in the assessment of risk.
Accounting June 27, 2023
PCAOB Looks to Add Rules for Auditors on Technology-Assisted Analysis
The proposal would update parts of existing PCAOB standards relating to audit evidence and auditors' responses to risk.
Accounting June 26, 2023
KPMG to Lay Off 5% of U.S. Workforce in Second Round of Job Cuts
Unlike in February when the firm let go of 2% of its workforce, mostly in advisory, these job cuts will impact tax and audit.
Accounting June 21, 2023
Marcum Fined $10M by SEC and $3M by PCAOB for Shoddy Quality Controls in SPAC Audits
The top 20 firm also must make functional changes to its supervisory structure related to its system of quality control.
Accounting June 20, 2023
EY Tops Rival Audit Firms in Public Company Clients
The Big Four firm audited 1,004 of the 6,950 public companies registered with the SEC in 2023, the most of any audit firm.
Auditing June 7, 2023
PCAOB Turns Up the Heat on Auditors to Find Fraud
The PCAOB wants auditors to get tougher detecting noncompliance with laws and regulations, including fraud, in public company audits.
Accounting May 25, 2023
AuditClub Announces New Quality Management Subscription
AuditClub Compass is a customized three-phase subscription journey built on a risk-based and scalable approach to quality.
Auditing May 22, 2023
PCAOB Has a Batch of New Projects in the Works
The audit regulator revised its standard-setting agenda to include four new projects—two considered short-term and two mid-term.