Over one-third of U.S. public company audits rely on at least one audit firm abroad, according to new research.
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Audit & Accounting
January 11, 2021
Upcoming Events January 11, 2021
Foreign auditor use increasing among U.S. companies
By Michael Cohn      3 min read
Over one-third of U.S. public company audits rely on at least one audit firm abroad, according to new research.
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U.K. Financial Reporting Council reports record fine against Deloitte for Autonomy audits
By Michael Cohn     4 min read
The United Kingdom’s Financial Reporting Council issued a report Wednesday on its sanctions against Deloitte for audits of a British software company that was acquired by HP.
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FASB clarifies reference rate reform rules
By Michael Cohn     2 min read
The Financial Accounting Standards Board has released an update on its recent guidance on reference rate reforms to clarify its scope.
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Deloitte and Autonomy: How two auditors can get too close to clients
By Chris Hughes     3 min read
The U.K. arm of Deloitte got a record fine from Britain’s accounting watchdog in September. With the full judgment against the firm laid bare last week, you can see why.
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Opening the black box: AI, applied
By Ranica Arrowsmith     13 min read
Artificial intelligence is being put to the test in service areas far beyond just audit.
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