Get off the monotonous treadmill of your job, and seek a different running path of meaning on your journey toward career satisfaction. Read More >

The reality is that no matter the size or the scope of a breach, usually it’s caused by an action, or failure, of someone inside the company. Read More >

This one may be a no brainer, but "being super wealthy" increases your chance of an IRS audit. The IRS sees those with high incomes as opportunities to uncover dollars owed. Also, hiding off-shore accounts invites an audit. Remember, it's not ill... Read More >

According to a new report, more than 40 percent of all audits inspected by the PCAOB in 2012 had deficiencies, and the number of fair value measurement audit deficiencies made up approximately one-fourth of all audit deficiencies. Read More >

In Staff Audit Practice Alert No. 12, the PCAOB discusses board requirements for auditing revenue that are relevant to significant audit deficiencies found frequently during inspections. Read More >

The Center for Audit Quality released results from its field-testing of proposed changes to the auditor's reporting model. Based on the results, they made four key observations related to identifying critical audit matters. Read More >

A recent report reveals that the fees from work conducted for non-audit clients provided firms with the largest growth in income for 2012-2013. The Big Four saw a 5.8 percent growth in this area, and other firms had a 2.6 percent growth. Read More >

The PCAOB adopted a new standard requiring auditors to pay more attention to three critical areas: related-party transactions, significant unusual transactions, and a company's financial relationships and transactions with its executive officers. Read More >

Recent data from Audit Analytics shows that companies with market values of $700 million or more are turning to smaller auditing firms. They feel they get better service for a better price versus what they would get from a large firm like Ernst &... Read More >

The Public Company Accounting Oversight Board continues to find an unacceptably high degree of problems in the audits of broker dealers as auditors transition to the new PCAOB standards. The PCAOB plans to issue staff guidance to help them better... Read More >