Auditing
Very few companies are ready to handle government or regulatory investigations
Even though 24.3 percent feel the risk of a government investigation is higher today than a year ago, only one-fifth (20.8 percent) of executives say ...
Are clean opinions materially misstated?
WARNING: Reading this article will be painful By Gary Zeune, CPAHave you ever asked yourself, "Why do we even do audits?" Most CPAs will say, "Because...
PCAOB says post-Sarbanes-Oxley audits still deficient
The Public Company Accounting Oversight Board has released a report summarizing the inspection findings of the eight domestic accounting firms that we...
Center for Audit Quality responds to issues regarding Section 404 compliance
As a result of the current market conditions, Center for Audit Quality (CAQ) member firms have raised questions regarding Section 404 compliance when ...
PCAOB proposes seven new risk assessment auditing standards
The Public Company Accounting Oversight Board voted this week to propose for public comment a suite of seven new auditing standards related to the aud...
Microsoft Hires Accounting Firm to Audit MSN Users
Microsoft recently hired accounting firm PricewaterhouseCoopers (PwC) to audit the number of people who use the MSN network of Internet services. Indu...
Canada Develops Principles-Based Independence Standard
The Canadian Institute of Chartered Accountants (CICA) has proposed a new kind of standard that would provide a systematic, principles-based framework...
PCAOB adopts new audit committee communication rule and amends tax services rule
The PCAOB voted last week to adopt Rule 3526, Communication with Audit Committees Concerning Independence, and an amendment to Rule 3523, Tax Services...
KPMG presents first place and $25,000 to University of Virginia team
KPMG PRESENTS FIRST PLACE AND $25,000 TO UNIVERSITY OF VIRGINIA TEAM IN SECOND ANNUAL STUDENT AUDITING COMPETITION University of California – Santa ...
