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 ...

IDFC FIRST Bank has appointed KPMG to conduct an independent forensic audit following the Haryana government's decision to de-empanel the bank for alleged irregularities concerning ₹590 crore in ...

Internal Audit identifies all auditable activities and relevant risk factors, and assesses their significance through an annual risk assessment, utilizing the Committee of Sponsoring Organization's ...

Following the conclusion of a formal audit tender process, Revolut Group Holdings Ltd has announced the appointment of Ernst & Young LLP (EY) as the Company’s Global Auditor, “effective for the ...

In 2026, Vendor Management Software (VMS) played a central role in controlling and auditing vendor bank detail changes. What was once treated as a routine administrative update is now recognized as a ...

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...