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The IRS has entered a new era of enforcement, leveraging artificial intelligence (AI) and advanced data analytics to enhance its audit capabilities.

The time has come to begin implementing the new not-for-profit financial statement presentation standard. ASU 2016-14 is effective for all not-for-profit entities with calendar years ...

On July 9, 2020, SEC Chief Accountant Sagar Teotia and SEC Division of Enforcement Co-Director Stephanie Avakian moderated a panel discussion concerning limitations

A compliance audit is a formal review of an organization's compliance with particular laws, regulations, or policies.

For most covered entities, HIPAA Privacy Rules' April 14, 2003, enforcement deadline has come and gone with great relief that all measures are in place.

Earlier this week, the Center for Audit Quality released Critical Audit Matters: Key Concepts and FAQs for Audit Committees, Investors, and Other Users of Financial Statements.

On May 4, 2023, the Federal Election Commission (FEC) approved new audit procedures for political committees that do not receive public funds. The new procedures take effect June 1, 2024...

Lewis Ferguson, a member of the Public Company Accounting Oversight Board, recently provided guidance to audit committees on how committees might use new, publicly available information regarding other accounting firm(s) that participate in an audit.

Most commenters at the PCAOB’s April 2–3 public meeting on the Auditor’s Reporting Model proposal expressed support for additional reporting by auditors.

The Center for Audit Quality — an autonomous, nonprofit public policy organization composed of accounting professionals — has compiled a checklist of possible questions for audit committees...

The PCAOB received 138 comment letters regarding the Proposal, and most echo the concerns of the two out of five PCAOB members who voted against the Proposal

On June 3, 2022, the IRS Employee Plans division announced a new pilot program for retirement plans beginning in June 2022 (the "Pilot Program").

Environmental law NGO ClientEarth has written to the Global Public Policy Committee (GPPC), which brings together representatives of the six large international accounting organizations...

On November 8, 2011, the U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) published on its website the details of its pilot program to perform up to 150 audits of compliance with the privacy, security and breach notification standards (collectively, the Standards) adopted under the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (HITECH Act) between November 2011 and December

Last month, the Centers for Medicare & Medicaid Services announced important changes to the Recovery Audit Program.