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Helen Munter, the director of registration and inspections for the government’s audit watchdog, didn’t mince words about the problem areas in corporate audits. Ms. Munter, at a conference for ...

First, there were trackers on Taylor Swift and other celebrities' private jet usage. Now, the IRS is scrutinizing businesses' use of private aircraft, with the tax agency announcing that it will ramp ...

Audits will be focused on aircrafts used by large corporations, large partnerships and high-income taxpayers with a look at whether there is a proper allocation between business and personal use.

Corporate auditing is not normally seen as a creative act. Yet in-house audit guidelines at the Big 4 firms grant individual auditors a significant degree of discretion. And it turns out that there is ...

The Internal Revenue Service is fundamentally shifting its approach to auditing business tax returns, hoping to rapidly expand the number of businesses it audits by shrinking the time and scope of ...

The ups and downs in the economy during the novel coronavirus pandemic are causing audit committees at public companies to focus on the disclosures in their financial statements and SEC filings about ...

Corporate jet owners and operators are bristling at the dozens of additional audits that are coming their way later this spring as announced last week by the IRS. Industry groups say jet users haven’t ...

ICAI’s revised SA 600 tightens safeguards but allows lead auditors to rely on subsidiary auditors, while audit regulator NFRA ...

— -- The IRS audit rate for the nation's large corporations last year dropped to 26%, down from a high of 72% in 1990 and the lowest level in two decades, a new analysis of the tax agency's data ...