Auditing

Featured Articles

 Homeowners Being Duped by “Securitization Audits,” According to Fraud Examiners

January 16, 2014 

Homeowners Being Duped by “Securitization Audits,” According to Fraud Examiners

A new foreclosure rescue scam promises to help distressed homeowners keep their homes through the use of a "securitization audit." "The only problem, according to investigative firm Mortgage Fraud Examiners: These "hucksters" are charging fees for information that's free to anyone for the asking, and knowing who owns the note won't save anyone's home."

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December 11, 2013 

PCAOB Scrutinizes Engagement Quality Reviews

The Public Company Accounting Oversight Board (PCAOB) has released a report that provides information about registered audit firms' implementation and compliance with Auditing Standard No. 7, Engagement Quality Review.

 Pittsburgh Controller Says Better Controls Needed

December 3, 2013 

Pittsburgh Controller Says Better Controls Needed

Pittsburgh City Controller Michael Lamb said today that the Department of Public Works needs to do a better job of keeping track of its inventory after an audit found equipment was missing.

 How CPAs Should Respond to a Malpractice Suit

November 12, 2013 

How CPAs Should Respond to a Malpractice Suit

CPAs have close relationships with their clients (especially in smaller accounting practices) and rightfully so. Who else is better to understand their client’s financial and business affairs than their trusted CPA? And the relationship generally remains close…

Ralph Q. Summerford

 KPMG Appoints New Managing Partner for D.C. Region

October 21, 2013 

KPMG Appoints New Managing Partner for D.C. Region

In his new role, Carlson, who has led KPMG's St. Louis office since 2008, will be responsible for the strategic direction and growth of the area offices. He assumes his new role on Dec. 1, succeeding Candace H. Duncan, who will retire after 35 years with the firm.

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September 14, 2013 

Nonprofits & the IRS: 5 Risk Areas to Watch For

As the Internal Revenue Service Exempt Organization division twists and turns in the wind over the recent scandal involving undue scrutiny on certain tax-exempt applications, nonprofit managers and practitioners might wonder how this will impact them.