Regulatory complexity also continues to be a significant challenge, and was cited by 41% of firms as their top issue.

Audit partners who issue adverse internal control opinions are often replaced and experience unfavorable changes in their ...

Blue & Co., LLC (“Blue”) filed a notice of data breach with the U.S. Department of Health and Human Services Office for ...

The study highlights how prevalent and acute the challenges are that CPA firms are facing, such as staffing shortages, client delays, and inaccurate data. These challenges cause ripple effects across ...

The Public Company Accounting Oversight Board has withdrawn the two standards it approved on firm and engagement metrics and firm reporting.

This included a review of remedial actions taken by the firms following previous reports and an examination of three audit ...

The AICPA had urged the SEC to refrain from approving the rules, warning they would “pose significant challenges” to small and midsize firms. An AICPA statement said that the “PCAOB’s decision not to ...

In the past five years, regional accounting firms have begun merging with larger players in earnest, with industry titans ...