Internal Audit Function Looks Externally for Help

Thirty-eight percent of organizations are turning to outside services to supplement the efforts of their internal audit function, according to a new survey of chief audit executives.
Internal Audit Function Looks Externally for Help


Marcum Leads Top Firms in Q4 Audit Clients

Top 100 Firm Marcum took the top spot among large audit firms in bringing in new Securities and Exchange Commission audit clients in the fourth quarter of 2015, with with 11 new engagements and a net gain of six.
Marcum Leads Top Firms in Q4 Audit Clients


AICPA Pushes for Auditing and Assurance Changes

The American Institute of CPAs is encouraging firms to modernize the way they conduct audits by using data analytics technology and working to improve the way employee benefit plan audits are conducted in response to a critical Labor Department report.
AICPA Pushes for Auditing and Assurance Changes


Boards Relying on Internal Audit to Protect Against Risk

Companies are taking steps to prepare for a reputational crisis by employing an internal audit function, but less than half the board members polled in a new survey feel they are “well-versed” in the issues.
Boards Relying on Internal Audit to Protect Against Risk


CAQ Reports on Pilot Tests of Audit Quality Indicators

The Center for Audit Quality issued a new report Tuesday describing some of the feedback it has received on the audit quality indicators it has been pilot testing with auditors and audit committees.
CAQ Reports on Pilot Tests of Audit Quality Indicators


Going Concern Opinions Trending Down, for a Reason

The number of going concern opinions declined in 2014, but mainly because many of the companies identified as being in trouble by their auditors in previous years actually did go out of business.
Going Concern Opinions Trending Down, for a Reason


Going Concern Opinions Trending Down, for a Reason

The number of going concern opinions declined in 2014, but mainly because many of the companies identified as being in trouble by their auditors in previous years actually did go out of business.
Going Concern Opinions Trending Down, for a Reason


20 Years of Litigation Reform for Accounting Firms

Dec. 22, 2015, marked the 20th anniversary of the enactment of the Private Securities Litigation Reform Act. Enacted at the behest of accounting firms, the PSLRA was crafted to immunize accountants from securities fraud liability. The result over the last two decades has been a substantial erosion in the ability of investors to hold accounting firms accountable.
20 Years of Litigation Reform for Accounting Firms


20 Years of Litigation Reform for Accounting Firms

Dec. 22, 2015, marked the 20th anniversary of the enactment of the Private Securities Litigation Reform Act. Enacted at the behest of accounting firms, the PSLRA was crafted to immunize accountants from securities fraud liability. The result over the last two decades has been a substantial erosion in the ability of investors to hold accounting firms accountable.
20 Years of Litigation Reform for Accounting Firms