Judge Rakoff Sees Resistance to Fraud Prosecutions

Judge Jed Rakoff told attendees at the Association of Certified Fraud Examiners’ Annual Global Fraud Conference in Las Vegas that prosecutors are falling short on prosecuting fraud.

Auditors: Friends or Foes?

Every day, the public places their trust in two seemingly unrelated entities: public auditors and the police.

South Korea Mulls Ousting Negligent Accounting Firm CEOs

South Korea is considering a bill that would allow regulators to oust the CEO of an accounting firm that is found to be negligent in controlling audit quality.

KPMG Quits as FIFA's Auditor, a Move Soccer Body 'Welcomes'

KPMG stepped down as FIFA’s auditing firm as soccer’s world governing body races to clean up a reputation dented by allegations of bribery and corruption.

Wolters Kluwer Offers Audit Tools for Auto and Equipment Dealerships

Wolters Kluwer Tax and Accounting has introduced technology to help audit automotive and equipment dealerships.

Thomson Reuters Offers Practice Aids for Benefit Plan Audits

Thomson Reuters has released PPC’s Practice Aids for Audits of Form 11-K Benefit Plans to guide professionals auditing defined contribution plans that are required to file Form 11-K with the U.S. Securities and Exchange Commission.

Staggered Board Elections Hurt Audit Committees

Staggered terms of board directors at public companies have fallen out of favor in recent years, in part because they give shareholders less influence over management, and new research suggests a staggered board structure could also hurt the effectiveness of audit committees.

CAQ Funds More Academic Research on Auditing

The Center for Audit Quality is providing support for more independent auditing-related research by picking two new academic research proposals for funding.

Thomson Reuters Enhances Single Audit Software

Thomson Reuters has released a new edition of PPC’s SMART Practice Aids – Single Audit Suite to automate the single audit process.

IOSCO Surveys Audit Committee Oversight of Auditors

The International Organization of Securities Commissions has released a new report providing an overview of how audit committees around the world oversee audit firms, with an eye toward improving audit quality at public companies.