Clients hire auditing firms for an array of reasons. A client may require a financial audit of his business's records for federal auditing purposes, or may simply need financial advice for his ...

Asking the right questions when considering accepting new audit clients, or continuing a relationship with an existing client, is the key to establishing a quality relationship, according to a new ...

Deloitte was the only Big Four audit firm to net positive in new public company clients in 2022, while Marcum saw the largest overall gains a year removed from losing 110 clients, according to the ...

With the Inflation Reduction Act upping the IRS' budget by $80 billion over the next 10 years, it's reasonable to expect more audits in your clients' futures. Processing Content Perry Green is chief ...

Businesses face specific inherent risks within accounts payable. Among these are the risk of erroneous overpayments to vendors, negligent underpayment or nonpayment of invoices, and payments to ...

FASB’s new revenue recognition standard, FASB ASC Topic 606, Revenue From Contracts With Customers, is one of the most significant changes ever in U.S. GAAP. The new, principles-based standard ...

Two Salt Lake City firms led the auditing profession in terms of new Securities and Exchange Commission clients in the first quarter of 2018, while Big Four firms Deloitte and Ernst & Young led among ...

Auditing standards state that inquiry alone does not provide sufficient evidence regarding the lack of material misstatement (AU-C §500, Audit Evidence, ¶.A2), yet regulatory inspections and ...

WASHINGTON/NEW YORK (Reuters) - The Securities and Exchange Commission is investigating whether auditing company Ernst & Young violated auditor rules by letting its lobbying unit perform work for ...

This study investigates whether companies engage in audit opinion shopping activities by exerting influence over an audit firm's decision to switch the engagement partner ("partner-level opinion ...