CFO Dive

FEBRUARY 3, 2023

With internal audit committees biting off more than they can often chew, committee members across businesses are feeling the burnout.

Auditing 287

Auditing 287

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 303

Auditing Accounting Firms Accounting 303

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 303

Auditing 303

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 290

Auditing 290

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 296

Auditing 296

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 271

Auditing Accounting 271

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 286

Auditing 286

CFO Dive

JANUARY 13, 2023

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

Auditing 260

Auditing 260

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 297

Auditing Accounting 297

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 290

Auditing CFO 290

CFO Dive

NOVEMBER 29, 2022

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

Auditing 281

Auditing Marketing 281

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 260

Auditing Technology 260

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 259

Auditing Banking 259

CFO Dive

APRIL 20, 2023

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

Auditing 259

Auditing 259

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 260

Auditing 260

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

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

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. This article provides a deeper look at the steps CFOs can take to create a seamless, streamlined audit experience.

Auditing 59

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 59

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 227

Auditing 227

CFO Dive

AUGUST 23, 2024

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

CFO 304

CFO Auditing 304

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 296

Auditing 296

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 323

Auditing 323

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 277

Auditing Accounting 277

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 295

Auditing 295

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 291

Auditing 291

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 289

Auditing 289

E78 Partners

NOVEMBER 19, 2024

Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Ensure that impairment analyses are completed according to audit priorities, with asset groupings and forecast data that align with GAAP standards.

Auditing 52

Auditing GAAP Restructuring Compliance 52

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 260

Auditing Finance Securities 260

The Charity CFO

MARCH 20, 2025

And heres the real kicker: audits dont catch most of it. On a recent episode of A Modern Nonprofit Podcast , Tosha sat down with Jason Kruger, Partner at Citrin Cooperman, to expose the real risks of nonprofit fraudand why audits wont protect you. Why Audits Wont Save You “The easiest way to steal? Audits wont catch it.

Nonprofit 52

Nonprofit Auditing Accounting Standards CFO 52

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 259

Auditing Investments 259

CFO Dive

MAY 15, 2023

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

Auditing 253

Auditing 253

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 260

Auditing 260

CFO News

FEBRUARY 17, 2025

The National Financial Reporting Authority (NFRA) has published its 2023 audit inspection report on Price Waterhouse Chartered Accountants LLP (PWCA) and Price Waterhouse & Co Chartered Accountants LLP (PW & Co CA), highlighting issues related to the verification of related party transactions and adherence to independence standards.

Auditing 68

Auditing Financial Reporting Accounting 68

CFO News

MARCH 9, 2025

The National Financial Reporting Authority (NFRA) has called for enhanced communication between auditors and audit committees regarding complex tax estimates under Ind AS 12, particularly Deferred Tax Assets (DTAs) and Liabilities (DTLs).

Communication 55

Communication Auditing Financial Reporting 55

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 342

Auditing Numbers 342