CFO Dive

APRIL 10, 2023

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 240

Auditing Banking 240

CFO Dive

APRIL 28, 2023

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 242

Auditing 242

CFO Dive

JANUARY 13, 2023

Audit committees are taking on more responsibilities as the SEC writes several rules requiring more detailed corporate disclosure.

Auditing 245

Auditing 245

CFO Dive

FEBRUARY 3, 2023

With internal audit committees biting off more than they can often chew, committee members across businesses are feeling the burnout.

Auditing 250

Auditing 250

Mckinsey and Company

JULY 12, 2023

Roberto Rovere, chief audit officer of Italy’s BPER Banca, shares insights about the changing role of the auditor, innovation in the space, and the biggest hurdles he finds in the role.

Auditing 158

Auditing 158

CFO Dive

OCTOBER 19, 2022

The fine is the largest civil penalty levied against an individual by the federal audit watchdog since it was established in 2002.

Auditing 285

Auditing 285

CFO News

AUGUST 22, 2023

The National Financial Reporting Authority (NFRA) has imposed fines totalling Rs 30 lakh on an audit firm and its partner for lapses in the audit of Burnpur Cement Ltd. The regulator has slapped a fine of Rs 25 lakh on the audit firm K Pandeya & Co and Rs 5 lakh on Manjeet Kumar Verma, a partner with the audit firm.

Auditing 98

Auditing Financial Reporting 98

CFO Dive

APRIL 20, 2023

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

Auditing 235

Auditing 235

CFO News

SEPTEMBER 27, 2023

The Telangana High Court has ruled that the National Financial Reporting Authority does not have jurisdiction over audits prior to its constitution in October 2018. Legal and audit experts debate the issue.

Auditing 111

Auditing Accounting Financial Reporting 111

CFO Dive

OCTOBER 5, 2022

The watchdog for the firms that audit publicly-traded companies has intensified supervision in 2022, with plans to sharpen penalties against rule-breakers.

Auditing 228

Auditing Planning 228

CFO Dive

AUGUST 16, 2022

SEC Chair Gary Gensler hailed efforts to avert significant errors in audits by multiple firms, including mistakes in the calculation of revenue and measurement of fair value.

Auditing 246

Auditing 246

CFO Dive

NOVEMBER 29, 2022

Chief audit executives struggle to fend off ransomware attacks as the tight labor market leaves them understaffed.

Auditing 267

Auditing Marketing 267

CFO News

JUNE 8, 2023

Joint Audit India: David Herbinet, its global head of audit, says joint audit deals with challenges of high concentration of Big Four firms and of audit quality

Auditing 98

Auditing Concentration 98

CFO News

AUGUST 7, 2023

Amid instances of auditing lapses at companies and the regulator taking action against erring auditors, NFRA Chairperson Ajay Bhushan Prasad Pandey on Monday stressed on the need of audit documentation.

Auditing 98

Auditing 98

CFO News

JULY 27, 2023

In India, audit committees of companies are increasingly paying attention to the greater diligence needed. It is high time that they realize the criticality of their role in improving audit quality. However, in many companies, the process followed continues to remain ad-hoc and at times lacks transparency.

Auditing 98

Auditing 98

The Charity CFO

MARCH 31, 2023

The word audit can invoke instant fear and dread. Whether it’s an IRS audit, external audit, or even an internal audit, the process can feel burdensome and worrying. Contrary to popular belief, most audits are not conducted to detect a problem. Should My Nonprofit Obtain an Independent Audit?

Auditing 98

Auditing Nonprofit Compliance CFO 98

CFO News

JUNE 13, 2023

Sudhir Soni says there is also a risk of something slipping through the cracks as in a joint audit responsibility gets divided and allocation of work may get missed.

Auditing 116

Auditing 116

CFO News Room

NOVEMBER 14, 2022

accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed audit watchdog. audit watchdog. A recent agreement between Washington and China allowing U.S. listed casino businesses operate. Associates Inc.,

Auditing 100

Auditing CFO Accounting Corporate Finance 100

The Charity CFO

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. What is a financial statement audit?

Auditing 105

Auditing Nonprofit General Ledger CFO 105

Future CFO

MAY 26, 2022

EY is considering a global audit spinoff amid growing regulatory pressure, according to media reports. EY and other Big Four accounting firms — PwC, Deloitte, and KPMG — have long been slammed for their lack of independence in their auditing of company accounts from which they also generate income with consulting, tax, and advisory services.

Auditing 97

Auditing Accounting Firms Accounting 97

CFO News

JUNE 15, 2023

The latest development in India is now that a government panel has recommended a mandatory joint audit rule for public interest companies; the proposal is yet to see the light of day.

Auditing 97

Auditing Banking 97

Embark With Us

DECEMBER 13, 2022

As a business leader at a growing company, a financial statement audit probably isn't top-of-mind right now. After all, you also have to grow revenue, manage day-to-day operations, and navigate a pretty volatile marketplace.

Auditing 98

Auditing Accounting 98

E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. This is not just because of the intricacies and specificities required by the auditing standards but also due to the numerous challenges faced by organizations in the run-up to an audit.

Auditing 52

Auditing Reconciliations General Ledger Accounting Standards 52

CFO News

AUGUST 2, 2023

Sudhir Soni also stressed retaining high-quality talent in audit and responding to rapid technology changes are the top two challenges facing the accounting profession.

Auditing 98

Auditing Accounting Technology 98

CFO News Room

NOVEMBER 22, 2022

Newly released federal audits reveal widespread overcharges and other errors in payments to Medicare Advantage health plans for seniors, with some plans overbilling the government more than $1,000 per patient a year on average. Originally published at Kaiser Health News. The public deserves more information about that.”.

Auditing 100

Auditing Planning Accounting Economics 100

CFO Dive

JULY 7, 2023

CFOs can help to champion internal auditors when it comes to assessments of company culture, which can help boost long-term performance.

Auditing 248

Auditing 248

CFO News

JUNE 25, 2023

For the very first episode of the ETCFO Accounting Diaries, we have with us Milind Kothari, chief BDO India who talked about the roadmap for joint audits in India. Taking an affirmative stance, Kothari believes joint audits will iron out quality issues and improve competition in the audit markets. Read here:

Auditing 98

Auditing Accounting Marketing 98

CFO Dive

JANUARY 9, 2023

The second edition of the biannual survey of audit partners carried out by the CAQ shows corporations are taking action against rising inflation, labor shortages and supply chain disruptions.

Auditing 130

Auditing Economics 130

Global Finance

FEBRUARY 4, 2023

Audit companies face an audit by an government oversight agency and are found lacking.

Auditing 90

Auditing 90

CFO News

AUGUST 25, 2023

The Supreme Court on Friday allowed completion of a forensic audit of Ruchi Soya Industries (now taken over by Baba Ramdev's Patanjali Ayurved) and asked its erstwhile management to cooperate in the process. The audit has been initiated at the instance of IDBI Bank, which is leading a consortium of lenders of Ruchi Soya.

Auditing 52

Auditing Banking 52

The Charity CFO

DECEMBER 30, 2021

Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.

Auditing 98

Auditing Nonprofit GAAP Accounting Principles 98

CFO News

APRIL 20, 2023

"I don’t think there is a grave delivery gap in the audit. If that were the case, you would not have seen India progressing; we are right now projected as one of the bright spots in terms of the economic outlook. The whole world is looking up to India.

Auditing 105

Auditing Financial Reporting Economics 105

Future CFO

JULY 16, 2023

The top priorities for chief audit executives (CAEs) in 2023 are advancing data analytics, providing assurance on proliferating digital risks, and talent management, said Gartner recently. CAEs’ focus on providing assurance over technology and digitalisation and advancing audit’s use of data analytics is not new,” said McKnight.

Auditing 52

Auditing Technology Communication Investments 52

CFO News

MAY 25, 2023

Hilary Maxson feels two eyes are better than one and mandatory joint audits can help improve audit quality.

Auditing 98

Auditing CFO 98

E78 Partners

SEPTEMBER 28, 2023

Organizations, during this period, often find their resources spread thin, and the existing staff may lack the necessary expertise or experience to navigate through budgeting, year-end, or audit preparation effectively. Contact us to see how E78 can support your need for interim solutions.

Auditing 52

Auditing Budgeting Marketing Finance 52

CFO News

JULY 3, 2023

BSR's Head of Audit, however, hinted the current regulatory framework is sufficient to safeguard independence of auditors. Also, he sought more clarification on interpretative issues like what constitutes “management services” which are prohibited in Section 144 of the Companies Act, 2013.

Auditing 105

Auditing 105

CFO Dive

JANUARY 26, 2022

To the extent CFOs support the committees, they could be called on to help find experts to join, or present to, members who are tasked with preventing a damaging breach.

Auditing 271

Auditing 271