Accounting and auditing ethics

Why Do Audit Reports Have Such a High Deficiency Rate?

Indicators of Audit Quality Forty percent of the audits inspected by audit firm regulators had at least one finding indicating a serious problem, according to a new survey. A recent report from the International Forum of Independent Audit Regulators, a group of national audit regulators including the Public Company Accounting... Read more →


Holding Top Officials and the Auditors Responsible for the Data Breach at Equifax

What Should Government Regulators Do? In my last blog I examined the bewildering action by the IRS to award a $7.25 million-dollar contract to Equifax to verify taxpayer identities and help prevent fraud under a no-bid contract. This is nothing less than rewarding bad behavior. In this blog I look... Read more →