Auditing

Advantage Audit AI leverages a patented artificial intelligence engine to optimize and automate the auditing process.

The PCAOB has doled out a record $20 million in total fines so far in 2023, almost doubling the previous high mark of $11 million last year.

Conservative justices, in a securities fraud enforcement case, sound skeptical that defendants shouldn’t have a right to be judged by peers.

Technologists Randy Johnston and Brian Tankersley, CPA, discuss TeamMate Document Linker for External Audit, a solution designed for CPAs, saving junior auditors time, strengthening audit quality, and improving auditor satisfaction.

The investment comes at a critical time, as prosecutions and reported losses from fraud are on the rise, according to the Department of Justice and the Federal Trade Commission.

The study also found that 21 percent of respondents noted acquisitions as the primary driver of the increase in management’s effort to support the external audit, which was consistent with 2021 and 2020.

A Big Four firm audited the most companies going public in the third quarter of this year, as total IPOs increased 32% over Q2.

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