The Public Company Accounting Oversight Board staff released a report Monday on how during 2022 and 2023, several firms' engagement teams working on audits in the banking sector did not adequately ...

Identifying and assessing the risks of material misstatement due to fraud are among the most challenging aspects of auditing in recent years, according to outreach conducted by the AICPA Auditing ...

David joined Raw Story in 2023 after nearly a decade of writing about the legal industry for Bloomberg Law. He is also a co-founder and a commissioning editor at Hypatia Press, a publisher that ...

Check out Taxmann's Audit of Financial Statements which is a comprehensive guide that assists auditors conducting financial statement audits, covering every step from auditor appointment to audit ...

In Legg v. Commissioner, 145 T.C. No. 13 (Dec. 7, 2015), the Tax Court looked at whether the Internal Revenue Service followed the procedural requirements of Internal Revenue Code Section 6662(h), ...

a term that means widespread. Pervasive is also an auditing term that refers to errors or misstatements that could have an overall effect on the financial statement. When something is pervasive, you ...