To fulfill their oversight responsibilities, audit committees typically evaluate the outside auditor at least annually to determine, in part, whether the auditor should be engaged for the subsequent ...

The Audit Committee Collaboration (ACC) has announced the release of new tools, the External Auditor Assessment Tool: A Reference for Audit Committees Worldwide and an updated U.S. version of the ...

The Center for Audit Quality and several corporate governance organizations and companies have created a new online auditor evaluation tool to help the audit committees on corporate boards evaluate ...

Businesses today operate in a dynamic, fast-moving, digitally enabled, and fiercely competitive global economy. To respond, organizations must constantly adapt – and so must their auditors, by ...

Simply sign up to the Accountancy myFT Digest -- delivered directly to your inbox. The six largest UK accounting firms do not formally monitor how automated tools and artificial intelligence impact ...

The Public Company Accounting Oversight Board has been requiring auditing firms to conduct engagement quality reviews ever since 2009 as a way to improve audit quality, but the number of auditing ...

Today’s audit profession is driving exciting and unprecedented changes that are fundamentally evolving the role of the auditor and how audits are performed. Breakthrough innovations in areas such as ...

Please note: This item is from our archives and was published in 2022. It is provided for historical reference. The content may be out of date and links may no longer function. Transformation of the ...

The Financial Reporting Council (FRC) has raised concerns over the UK’s largest audit firms’ failure to measure how artificial intelligence and automated tools are affecting audit quality, despite ...