One out of three internal audit departments worldwide are now outsourcing at least some of their work to a third party, according to a new study.

Securities class-action lawsuits, including claims against auditing firms, have reached a five-year high, according to a new report.

The International Auditing and Assurance Standards Board has released ISA 810 (Revised), Engagements to Report on Summary Financial Statements.

Toshiba Corp. is under investigation by the U.S. over allegations that it hid $1.3 billion in losses at its nuclear power operations, according to two people familiar with the matter. Shares plunged in Tokyo.

The Public Company Accounting Oversight Board announced settled disciplinary orders Tuesday sanctioning five audit firms for violating independence requirements in connection with audits of brokers and dealers.

The Securities and Exchange Commission has approved a 2016 budget for the Public Company Accounting Oversight Board of $257.7 million, a 3 percent increase over last year, and a 12 percent increase in the accounting support fee to $253.3 million.

The Institute of Internal Auditors Research Foundation has issued a new report offering strategies for motivating internal audit staff, including dealing with generational differences.

Mergers and deregistrations spark many moves

The internal audit function is increasingly providing significant value, according to a new report by PricewaterhouseCoopers.

KPMG and IBM announced plans to apply IBM’s Watson cognitive computing technology to KPMG’s professional service offerings, with a focus on auditing services.