Audit Archives

Audit
KPMG

KPMG Settles With SEC Over a Giant Failure of an Audit

Caleb Newquist
August 15, 2017

KPMG has settled SEC charges for $6.2 million due to a shoddy audit of an […]

Sarbanes-Oxley 15 Years Later: Accountants Need to Speak Up Now More Than Ever

Jason Zuckerman and Matthew Stock
July 26, 2017

This Sunday, July 30, 2017, marks the 15th anniversary of the enactment of the Sarbanes-Oxley […]

Audit
PCAOB

Big 4 Auditors Are Probably Looking Forward to More Amiable PCAOB

Caleb Newquist
January 10, 2017

Michael Rapoport reports in the Wall Street Journal on the waning James Doty era at […]

PCAOB Inspectors Find IT Auditors on the Struggle Bus

Megan Lewczyk
December 20, 2016

In case you missed the news earlier this month, all of the PCAOB reports are […]

Deloitte’s Brazil Firm Covered Up a Couple of Bad Audits

Caleb Newquist
December 5, 2016

The big news in the international audit firm world today is an announcement by the […]

Audit

Good Enough for Government Accounting: Junk Shop Treasure and Two (Allegedly) Crooked Auditors

Leona May
June 24, 2016

First the good news (treasure discovered!) and then the bad news (some auditor generals are […]

Audit

PwC Is in the Midst of a Independence Quagmire

Caleb Newquist
May 17, 2016

Independence: its complicated. Except it isn’t, really. Audits firms are conflicted because they’re paid by the organizations who they’re supposed to be independent of audit clients. Most people, I think, know this yet choose to ignore it. Fine.