Many taxpayers in the United States wonder if the IRS can audit them based on the amount of money in their bank accounts. The ...

Banks, credit unions and financial institutions must undergo a strenuous review of procedures and practices, just as public companies must submit to official audits. As part of this process, banks ...

Audit partners’ professional skepticism varies from high to low as the relationship between the partner and the audit client continues year after year, according to a study available at ssrn.com.

The Public Company Accounting Oversight Board staff released a report Monday on how during 2022 and 2023, several firms' engagement teams working on audits in the banking sector did not adequately ...

This paper takes stock of external audit arrangements at central banks. Its focus is on the annual audit of central bank financial statements, as well as legal and institutional measures that support ...

The Securities and Exchange Commission has charged two auditors at KPMG for playing a role in a failed audit of a Nebraska bank that hid millions of dollars in loan losses from investors during the ...