CFO Dive

DECEMBER 7, 2023

Since early 2021 SEC Chair Gary Gensler has called on the PCAOB to more aggressively oversee the accounting firms that audit publicly listed companies.

Auditing 311

Auditing Accounting Firms Accounting 311

CFO Dive

OCTOBER 19, 2022

The fine is the largest civil penalty levied against an individual by the federal audit watchdog since it was established in 2002.

Auditing 299

Auditing 299

CFO Dive

SEPTEMBER 26, 2023

As regulators worldwide begin to mandate ESG disclosures, only 25% of companies are ready for audits of their reports, KPMG said.

Auditing 305

Auditing 305

CFO Dive

MARCH 20, 2023

The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says.

Auditing 279

Auditing Accounting 279

CFO Dive

AUGUST 16, 2022

SEC Chair Gary Gensler hailed efforts to avert significant errors in audits by multiple firms, including mistakes in the calculation of revenue and measurement of fair value.

Auditing 295

Auditing 295

CFO Dive

NOVEMBER 9, 2023

GenAI isn’t likely to replace accountants any time soon — but firms like Deloitte are already integrating it into their accounting and audit practices.

Auditing 306

Auditing Accounting 306

CFO Dive

JANUARY 13, 2023

Audit committees are taking on more responsibilities as the SEC writes several rules requiring more detailed corporate disclosure.

Auditing 264

Auditing 264

CFO Dive

DECEMBER 11, 2023

Veradigm appointed an interim CEO and CFO as it struggles to course correct in the midst of an ongoing audit and a shareholder complaint alleging it artificially inflated revenues for a two-year period.

Auditing 299

Auditing CFO 299

CFO Dive

NOVEMBER 29, 2022

Chief audit executives struggle to fend off ransomware attacks as the tight labor market leaves them understaffed.

Auditing 289

Auditing Marketing 289

CFO Dive

MARCH 28, 2023

The audit watchdog aims to update and unify interim standards created 20 years ago, aligning its rules with new independence requirements and advances in technology.

Auditing 264

Auditing Technology 264

CFO Dive

APRIL 10, 2023

The new SVB shareholder lawsuit shines a light on KPMG’s February audit that effectively gave the bank a clean bill of health about two weeks before its collapse.

Auditing 264

Auditing Banking 264

CFO Dive

APRIL 20, 2023

The criticism of SPAC audits follows a surge in restatements by the so-called blank-check companies.

Auditing 264

Auditing 264

CFO Dive

APRIL 28, 2023

Audit firms face a conflict between sustaining income from client fees and their legal obligation to identify weaknesses in a client’s internal controls, researchers said.

Auditing 264

Auditing 264

CFO Dive

JULY 28, 2023

The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.

Auditing 242

Auditing Accounting 242

CFO Dive

OCTOBER 5, 2022

The watchdog for the firms that audit publicly-traded companies has intensified supervision in 2022, with plans to sharpen penalties against rule-breakers.

Auditing 246

Auditing Planning 246

CFO Dive

JANUARY 18, 2024

A barrage of business risks may intensify this year, and audit committees need to help C-suite executives limit potential losses and seize opportunities, EY said.

Auditing 239

Auditing 239

CFO Dive

AUGUST 16, 2023

The firm violated Public Company Accounting Oversight Board standards in connection with an audit of music streaming business Akazoo, the SEC found.

Auditing 246

Auditing Accounting 246

CFO Dive

DECEMBER 19, 2024

Additional pressure on audit pricing is expected to come from regulatory changes on the horizon such as the FASB’s income statement expense rules, FERP reports.

Auditing 200

Auditing 200

CFO Dive

AUGUST 23, 2024

Internal auditors are joining the CFO as strategic business leaders, according to a Protiviti report.

CFO 312

CFO Auditing 312

CFO Dive

JANUARY 26, 2022

To the extent CFOs support the committees, they could be called on to help find experts to join, or present to, members who are tasked with preventing a damaging breach.

Auditing 305

Auditing 305

CFO Dive

NOVEMBER 21, 2024

CFOs are keeping their focus on finding AI tools with “some good bit of traceability” in the face of a rising tide of potential vendors, Visual Lease’s Amie Durr said.

Auditing 328

Auditing 328

CFO Dive

OCTOBER 29, 2024

The Big Four accounting and consulting firm is interested in becoming a leader in the emerging AI agent space.

Auditing 285

Auditing Accounting 285

CFO Dive

AUGUST 16, 2024

Inspections of nearly half of the firms’ engagements reviewed by the PCAOB revealed evidence that the auditor failed to obtain enough evidence to support its opinion.

Auditing 304

Auditing 304

CFO Dive

JULY 7, 2023

CFOs can help to champion internal auditors when it comes to assessments of company culture, which can help boost long-term performance.

Auditing 300

Auditing 300

CFO Dive

NOVEMBER 18, 2024

Nearly four out of five investors said boards should demonstrate expertise in climate, cybersecurity and other risks by detailing their work to limit such hazards, EY said.

Auditing 298

Auditing 298

CFO Dive

FEBRUARY 1, 2022

Delays mean companies can face hurdles raising capital, securing financing or making financials available to buyers interested in an acquisition.

Auditing 264

Auditing Finance Securities 264

CFO Dive

DECEMBER 8, 2022

To avert flaws in reports, CFOs should keep auditors apprised of any big changes or new business risks and invest in internal controls.

Auditing 264

Auditing Investments 264

CFO Dive

MAY 15, 2023

As generative AI continues to develop swiftly, PwC is betting big on its potential for transformation.

Auditing 258

Auditing 258

CFO Dive

DECEMBER 15, 2022

The PCAOB’s push for more transparency in China-based companies will enable CFOs and auditors who heavily rely on Chinese firms to better understand their partners’ operations.

Auditing 264

Auditing 264

CFO Dive

OCTOBER 5, 2023

The federal overseer of audit firms last year doubled the number of enforcement orders compared with 2021 and imposed record penalties.

Auditing 344

Auditing Numbers 344

CFO Dive

OCTOBER 4, 2023

Total monetary recoveries arising from ERISA enforcement actions exceeded $1.4 billion in fiscal 2022.

Auditing 261

Auditing 261

Global Finance

FEBRUARY 4, 2023

Audit companies face an audit by an government oversight agency and are found lacking.

Auditing 116

Auditing 116

CFO Dive

JANUARY 22, 2024

Do you know how audits can enhance the investment decision-making process? This short video explains how accurate, reliable and transparent financial reporting keep capital markets operating effectively.

Auditing 130

Auditing Financial Reporting Investments Marketing 130

CFO Dive

SEPTEMBER 17, 2024

Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges.

CFO 301

CFO Accounting Auditing 301

CFO Dive

FEBRUARY 12, 2024

A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.

Auditing 299

Auditing 299

CFO Dive

DECEMBER 4, 2023

auditing watchdog secured last year to inspect China-based auditing firms. The enforcements are among the first three stemming from access the U.S.

Auditing 278

Auditing Securities 278