article thumbnail

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 301
article thumbnail

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 305
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Accountant shortages likely to yield more audit failures

CFO Dive

The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says.

Auditing 278
article thumbnail

75% of companies unprepared for coming ESG audits: KPMG

CFO Dive

As regulators worldwide begin to mandate ESG disclosures, only 25% of companies are ready for audits of their reports, KPMG said.

Auditing 279
article thumbnail

PCAOB proposes updated standards, faster audit filing

CFO Dive

The audit watchdog aims to update and unify interim standards created 20 years ago, aligning its rules with new independence requirements and advances in technology.

Auditing 262
article thumbnail

SVB shareholder suit cites KPMG’s ‘silent’ audit

CFO Dive

The new SVB shareholder lawsuit shines a light on KPMG’s February audit that effectively gave the bank a clean bill of health about two weeks before its collapse.

Auditing 249
article thumbnail

SEC’s Munter warns of ‘purported’ crypto audits

CFO Dive

The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.

Auditing 204