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 ...

Click here to view this article as an Adobe Acrobat PDF. The World Bank has changed the name of its Operations Evaluation Department, but it doesn’t mean to change its ways. The new sign on the door ...

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.

\xa0Banks are the lifeblood of any economy, managing vast sums of money, facilitating the transfer of funds between savers and borrowers, investment, and driving economic growth. But in recent years, ...

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 ...

The Federal Board of Revenue (FBR) has termed confidentiality law or secrecy clause in banking laws as a major impediment to the forensic audit of banks for which State Bank of Pakistan (SBP) can play ...

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 ...

Detroit — A new independent audit of the Detroit Land Bank Authority's accounting practices turned up concerns over vendor payments, demolition records to back up costs and weak internal controls. The ...