“The auditors fluttered anxiously. And, as always happens in their species, when something goes radically wrong and needs fixing instantly, they settled down to try to work out who was to blame.” ...

Lawyers and other professionals, such as auditors and accountants, are more likely to report gains from AI than some other "knowledge workers." But how AI is changing these professions holds lessons ...

Reliance on generative artificial intelligence (GenAI) in the financial reporting space is rapidly expanding, as is reliance on auditors to play a leading role in all aspects of the revolution. In a ...

More companies are hiring outside auditors to certify sustainability metrics such as greenhouse-gas emissions and water use, spurred by looming regulations, investor concerns about accuracy and the ...

Auditors are failing in their role as third-party guarantors of the quality of carbon offsets, according to new academic research. In a paper published Thursday in Science, an international ...

Firms urged to allow contracts with Deloitte, KPMG, EY and PwC to expire The Chinese government has reportedly instructed state-owned companies to phase out contracts with the big four accounting ...

Investors rely on corporate auditors to keep impartial watch on the accounting practices of the companies they invest in. Historically, investors have not been shy about launching litigation when they ...

The audit profession must get “serious” and “stop pretending” that catching fraud is not part of their role, says Brian Fox, president and founder of Confirmation, part of Thomson Reuters. The ...

A weakness in the system used to detect improper payments in subsidized child care contributed to an estimated $37M in ...

Michela Tindera Over the last decade or so, wells Fargo has spent a lot of time in the headlines. News clip Breaking news tonight. Bank bombshell. Thousands of employees caught opening over a million ...