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 274

Auditing Accounting 274

CFO Dive

APRIL 29, 2024

Companies hiring for internal audit need to prepare for disruption from new technology such as artificial intelligence and robotic process automation, IIA said.

Auditing 276

Auditing Accounting Technology 276

CFO Dive

MAY 13, 2024

audit watchdog updated standards created two decades ago and aligned regulation with changes in technology.

Auditing 285

Auditing Technology 285

CFO Dive

JANUARY 11, 2023

Ernst & Young is moving forward with a “soft separation” of its audit and consulting arms as they appoint Jamie Miller to the CFO seat of what will be a new public entity.

CFO 260

CFO 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 300

Auditing Accounting 300

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 261

Auditing Technology 261

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

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 293

Auditing 293

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.

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Auditing 259

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.

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Auditing Accounting 228

CFO Dive

JANUARY 13, 2023

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

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Auditing 260

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.

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Auditing 279

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.

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Auditing Accounting 242

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 292

Auditing 292

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.

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Auditing 199

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 245

Auditing Planning 245

CFO Dive

APRIL 26, 2024

Jonathan Lock’s resignation comes after an internal audit determined he had engaged in unethical financial practices.

Accounting 272

Accounting Auditing CFO 272

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 275

Auditing 275

CFO News Room

NOVEMBER 14, 2022

accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed audit watchdog. audit watchdog. WSJ | CFO Journal. A recent agreement between Washington and China allowing U.S. Lead auditors, often the U.S.

Auditing 100

Auditing CFO Accounting Corporate Finance 100

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.

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Auditing 214

CFO Dive

APRIL 20, 2023

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

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Auditing 257

The Charity CFO

MARCH 31, 2023

The word audit can invoke instant fear and dread. Whether it’s an IRS audit, external audit, or even an internal audit, the process can feel burdensome and worrying. Contrary to popular belief, most audits are not conducted to detect a problem. Should My Nonprofit Obtain an Independent Audit?

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Nonprofit Auditing Compliance CFO 98

CFO Dive

OCTOBER 9, 2023

Jamie Miller departed from the Big Four firm just weeks following the failure of its plan to split its audit and consulting business into two distinct entities.

Auditing 300

Auditing CFO Planning 300

CFO Dive

NOVEMBER 29, 2022

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

Auditing 282

Auditing Marketing 282

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

OCTOBER 29, 2024

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

Auditing 265

Auditing Accounting 265

The Charity CFO

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. What is a financial statement audit?

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

CFO Dive

FEBRUARY 15, 2024

The aerospace company is grappling with the implications of last month’s midair door plug blowout that shocked travelers and sparked an FAA audit.

Auditing 269

Auditing CFO 269

CFO Dive

JANUARY 22, 2024

Archer Daniels Midland named Ismael Roig interim finance chief as the board's audit committee and outside counsel conduct an investigation into accounting practices.

Accounting 278

Accounting Auditing CFO Finance 278

The Charity CFO

AUGUST 23, 2024

Download the Article For nonprofits, audits are more than just a regulatory requirement–they’re a tool for safeguarding the organization’s mission and financial health. An audit helps improve an organization’s financial transparency, builds donor trust, and ensures compliance with regulations. Why is Your Nonprofit Being Audited?

Nonprofit 52

Nonprofit Auditing Compliance CFO 52

CFO News

JUNE 8, 2023

Joint Audit India: David Herbinet, its global head of audit, says joint audit deals with challenges of high concentration of Big Four firms and of audit quality

Auditing 98

Auditing Concentration 98

CFO News

SEPTEMBER 11, 2024

In light of ongoing debates surrounding group audits, Ashok Haldia, a seasoned finance expert and Chartered Accountant, examines the complexities of SA 600 versus ISA 600 in group audits, exploring contentious issues related to responsibility, access to working papers, and the appointment of component auditors.

Auditing 75

Auditing Finance Accounting 75

CFO News

AUGUST 22, 2023

The National Financial Reporting Authority (NFRA) has imposed fines totalling Rs 30 lakh on an audit firm and its partner for lapses in the audit of Burnpur Cement Ltd. The regulator has slapped a fine of Rs 25 lakh on the audit firm K Pandeya & Co and Rs 5 lakh on Manjeet Kumar Verma, a partner with the audit firm.

Auditing 98

Auditing Financial Reporting 98

CFO News

MARCH 10, 2024

Top audit firms in India, including KPMG affiliate BSR & Affiliates and BDO affiliate MSKA & Associates, have stopped offering non-audit services to audit clients. This move aligns with the NFRA's strict stance on conflict-of-interest issues.

Auditing 111

Auditing 111

The Charity CFO

DECEMBER 30, 2021

Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.

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Nonprofit Auditing GAAP Accounting Principles 98

CFO News

MAY 25, 2023

Hilary Maxson feels two eyes are better than one and mandatory joint audits can help improve audit quality.

Auditing 98

Auditing CFO 98

CFO Share

JUNE 27, 2024

How a CFO Ensures Compliance in Financial Reporting Reliable financial statements are crucial for business management, but ensuring compliance may feel like a luxury in the resource-constrained world of small business. How can a small business ensure compliance in reporting without overspending on accounting staff and audits?

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Financial Reporting Compliance CFO Auditing 52