An audit is an inspection of a company's accounting records, usually done by an independent certified public accountant. Audits are performed in an effort to determine whether a business is ...

The Public Company Accounting Oversight Board recently proposed amendments to the standard audit report that would require the disclosure of critical audit matters (CAMs), and the Securities and ...

The International Ethics Standards Board for Accountants released an annual update of its ethics code handbook to reflect the latest changes in auditing and quality management standards. The 2023 ...

An effective definition of audit quality should encompass two key factors, the Center for Audit Quality (CAQ) told the PCAOB in a comment letter dated May 13. The CAQ, which is affiliated with the ...

When a company first goes into business, it chooses the yearly reporting period for tax purposes. Fiscal auditing periods may start during any month. For example, perhaps your employer has a fiscal ...

The Big Four refers to the four largest global accounting firms—Deloitte, PwC, EY, and KPMG—that provide a range of services. Measured by revenue, the Big Four global accounting firms are Deloitte, ...