Public accounting firms love to land new audit clients and keep their current audit clients happy. After all, acquiring new business and retaining it is the key to growth. But revenue growth can cause ...

Question: What is the time frame requirement with regard to post-closing quality control (QC) audits? In short, when must they be completed? Answer: HUD and VA require that FHA and VA loans be ...

SEATTLE — Quality inspectors at Boeing, angry at management’s plan to streamline and automate some quality-control processes with fewer inspectors overseeing the work of mechanics, point to a recent ...

The Federal Aviation Administration said the agency’s 737 MAX production audit into Boeing and supplier Spirit AeroSystems found multiple instances where the companies allegedly failed to comply with ...

The Audit Quality Board is an advisory body composed of three independent board members — Tracey Golden, Dave Sullivan and Dan Sunderland — who are responsible for evaluating the effectiveness of ...

The regulator has said it intends to place greater weight on oversight of firms’ internal quality and control systems.

IN BRIEF Public company auditing is a complex and challenging area of accounting practice. The following revisits the authors ...

The Federal Aviation Administration (FAA) on Monday said its production audit of Boeing 737 Max manufacturing processes and its supplier Spirit AeroSystems found multiple cases in which the companies ...

After a six-week audit of Boeing, federal regulators say they found quality control problems at Boeing and Spirit AeroSystems, one of its top suppliers. The Federal Aviation Administration says it ...

In a six-point plan released May 14, the AICPA describes extensive ongoing and new efforts to improve audit quality. Continued improvement in the quality of audits has long been a core focus of the ...

An FAA audit of Boeing and Boeing supplier Spirit AeroSystems found multiple instances in which the companies failed to comply with quality-control standards on the 737 Max 9 production line. Photo ...

Testing payroll during an audit can be a tedious manual process, the kind of grunt work that has long been viewed as the “dues” paid by young auditors before they advance in their careers. Recently, ...