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Deploying AI in accounting poses 12 audit risks: CAQ study

CFO Dive

CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.

Auditing 292
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Audit committees rank cybersecurity as top priority amid SEC crackdown

CFO Dive

Cyberattacks are just one of several rapidly changing threats confronting audit committees, according to the Center for Audit Quality and Deloitte.

Auditing 289
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SEC approves new PCAOB audit confirmation standards targeting fraud

CFO Dive

Since early 2021 SEC Chair Gary Gensler has called on the PCAOB to more aggressively oversee the accounting firms that audit publicly listed companies.

Auditing 275
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Veradigm CEO, CFO asked to resign amid audit committee probe

CFO Dive

Veradigm appointed an interim CEO and CFO as it struggles to course correct in the midst of an ongoing audit and a shareholder complaint alleging it artificially inflated revenues for a two-year period.

Auditing 273
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Typical results our customers have enjoyed include: Reduction of reconciliation volume by 10 to 40% Increasing the speed of close processes Saving time during audits Staying up to date on close status in real-time Register now and see how all these can be achieved!

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PwC, KPMG China audits are flawed: PCAOB

CFO Dive

success in overcoming opposition from Beijing to the inspection of audits of China-based companies listed on U.S. The PCAOB findings follow U.S. stock exchanges.

Auditing 295
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Deloitte brings GenAI to internal audit, accounting professionals with new bot

CFO Dive

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 289