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PCAOB Report: Average Number of Critical Audit Matters Has Declined Over Time
Auditing
The average number of critical audit matters (CAMs) per audit report has declined over time, and the proportion of audit…
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Crypto Exchanges Try to Mollify Investors with Limited Attestations
Auditing
Prompted by the collapse of FTX, cryptocurrency exchanges have hired outside auditors to provide a proof-of-reserves report…
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Report: Audit Committees Increasingly Disclose Oversight Related to Cybersecurity and ESG
Auditing
Audit committees are increasingly including disclosures about oversight related to cybersecurity and to environmental,…
Read More
For CFOs, Fourth Quarter Can Be Best Time for Year-End Cleanup
Accounting
Chief financial officers need to look beyond preparing for fourth quarter reports at this time of year and use the time for…
Read More
GAO Report Notes IRS Lag in Addressing Tax Gap
Auditing
A new Government Accountability Office (GAO) report has faulted the IRS for not implementing certain recommendations for…
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Some Auditors May Reexamine Their Crypto Clients in Wake of FTX Collapse
Auditing
Some auditing firms are reevaluating their work in the wake of the spectacular collapse of FTX, and those reevaluations will…
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PCAOB Proposes New Quality Control Rules for Auditors
Auditing
The Public Companies Accounting Oversight Board (PCAOB) has issued a proposal to update its rules governing auditing…
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CAQ Survey: Audit Partners Say Cost Management and Talent Retention Are Top Priorities
Auditing
More than half of all audit partners polled by the Center for Audit Quality (CAQ) in its semi-annual Audit Partner Pulse…
Read More
Deloitte-China to Pay $20 Million Penalty for Allowing Self-Audits
Auditing
The Chinese affiliate of Deloitte, known as Deloitte-China, has reached a $20 million settlement with the Securities and…
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