Auditing

An in-depth academic analysis of trends and characteristics of restatements to public company financial statements in the United States in the 10-year period following the Sarbanes-Oxley Act (SOX) reveals a substantial drop in the number and severity of restatements.

Felicia Anne Straub knew that her boss suspected someone was embezzling from the Whitehall Township repo business where she worked as an office manager.

Jurors deliberated about 90 minutes before finding the former Georgia State Fair director guilty of fiduciary theft. The trial began Monday in Bibb County Superior Court.

As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items

Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.

A 65-year-old New Mexico woman is accused of stealing nearly $400,000 from her employer, including forging more than 200 checks and paying $30,000 in mortgage payments via electronic transfers from her employer's account.

The operations supporting ADP's SmartCompliance Tax Credits module have successfully completed its first Service Organization Controls (SOC) 2 Type 1 audit.

Thomson Reuters has released a special report, Cause and Effect of the Changing Broker-Dealer Audit Landscape, which provides an overview of the PCAOB's new standards affecting broker-dealer audits.