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.

Audit Innovation Helps Private Companies Improve Performance

Breakthrough innovations in such areas as artificial intelligence, workflow automation and data analytics are enabling auditors to deliver powerful insights that simply weren’t possible before.

Financial Restatements Declined Steeply Last Year

The number of financial restatements from companies fell nearly 14 percent last year to the lowest number since 2002, according to a new report.

Moore Stephens Wins Key Ruling on Audit Opinions

Moore Stephens’ Hong Kong firm won a victory in a New York federal appeals court on a case that could have a far-reaching impact on class-action lawsuits involving audit reports.

Watch for These Errors on Intangible Assets

Auditors face numerous challenges when it comes to helping clients understand financial reporting issues related to accounting for intangible assets acquired in a business combination.