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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 291
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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 277
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Audit partners suffer after writing critical ICOs: study

CFO Dive

Audit firms face a conflict between sustaining income from client fees and their legal obligation to identify weaknesses in a client’s internal controls, researchers said.

Auditing 245
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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 260
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Saving time during audits. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team. Increasing the speed of close processes. Staying up to date on close status in real-time.

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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 243
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PCAOB flags widespread weaknesses in audits of SPACs

CFO Dive

The criticism of SPAC audits follows a surge in restatements by the so-called blank-check companies.

Auditing 238
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How Automation Can Streamline Your Month-End Close Process

See how automation can change the trajectory of the close, buy back time, instill more confidence in the results, eliminate administrative headaches and be audit-ready. Start the new year with powerful automation for your month-end close and reconciliation process. We would love to meet you!