PCAOB Finds Problems at Nearly All Auditors of Broker-Dealers

The Public Company Accounting Oversight Board identified deficiencies at 96 percent of the firms that audit broker-dealers, according to a new report Thursday.


AICPA Proposes Changes in Peer Review Reports and Firm Representation Letters

The American Institute of CPAs is proposing to change the current peer review report so it clearly indicates if a Single Audit was chosen.


Crowe Horwath Enhances Audit Technology

Crowe Horwath has introduced the Crowe Insight Center for Audit to advance the firm’s auditing services.


IIA and IFAC Renew Their Vows

The Institute of Internal Auditors and the International Federation of Accountants have renewed an agreement to collaborate on advancing auditing and accounting practices around the world.


American Accounting Association Debuts Research Database

The American Accounting Association’s Auditing Section has introduced a database summarizing research papers on auditing that were published in seven academic journals.


CAQ and AAA Expand Audit Research Program

The Center for Audit Quality and the American Accounting Association have expanded their Access to Audit Personnel program for connecting academic researchers with auditors.


Internal Audit Leveraging Data Visualization Tools

Internal audit departments are making greater use of innovative technologies such as data visualization, according to a new report.


PwC Fights $5.6 Billion Fraud Trial over Taylor Bean's Collapse

PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender’s bankruptcy trustee told a Miami jury on Tuesday.


Munger's Daily Journal Resolves Material Weaknesses in Controls

Daily Journal Corp., a publisher that counts billionaire investor Charles Munger as chairman, has shored up how it discloses information to investors after years of disputes with auditors.


Judge Lets PwC Lawsuit Proceed over MF Global Audits

A federal judge in New York has refused to dismiss a $1 billion lawsuit against PricewaterhouseCoopers over its audits of the bankrupt investment firm MF Global.