Some important themes are emerging in auditors’ reporting of critical audit matters, which are the key component of the biggest change to public company auditor reporting in 70 years. Goodwill and ...

The report is the culmination of an internal audit, where the internal auditors describe what they found, provide evidence of the issues that were detected, and the corrective action that they ...

In 2024, the U.S. Department of Justice announced a new whistleblower award program to incentivize disclosures of “corporate crime.” Three years earlier, Congress created a whistleblower award program ...

PwC’s 2023 global internal audit study has highlighted the need for companies to rethink their strategy to make them commercially viable in 10 years. This is due to increasing trends in abuse. The ...

Hospitals are subject to numerous state and federal laws, rules, and regulations, like all healthcare organizations. However, due to their outsized role in our nation's healthcare system, the ...

NFRA held that weak, undocumented communication between auditors and governance bodies violates auditing standards and governance duties, requiring structured two-way ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. In settings where both the audit committee is highly effective ...

The coronavirus pandemic has the potential to create significant changes for CPAs who prepare company financial statements — and for auditors as well. In the face of disruptions to global supply ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...