A nonstatutory audit report is any audit that is not legally required. For example, the Securities and Exchange Commission and the Sarbanes-Oxley Act both require companies to perform certain types of ...

Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

A more collaborative relationship between internal and external audit will be a critical step as the profession strives to increase quality and bolster its standing in the public eye, according to ...

In February 2021, Audit-USA made a public records request to the Maricopa County Board of Supervisors for digital images and associated data of ballots cast in the November 2020 election. Maricopa ...

NEW DELHI: India’s audit regulator on Friday pointed to gaps and inadequacies in procedures followed and documentation of statutory audits done by top audit firms. The National Financial Reporting ...

The National Financial Reporting Authority (NFRA), the country’s sole independent audit regulator, has found several deficiencies in the statutory audit conducted by EY member firm SRBC & Co LLP of ...

The UK Financial Reporting Council (FRC) has formally opened an investigation into Ernst & Young LLP’s statutory audit of Shell plc’s consolidated financial statements for the year ended December 31, ...