Amanda Iacone

KPMG LLP said Monday that it has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.

SEC officials will be watching closely to see what details US companies provide investors about their ongoing reliance on artificial intelligence or how they are developing the fast-emerging technology.

A hotly contested proposal that would require auditors to dig far deeper into their clients' potential lawbreaking activities won't be finalized this year, the US audit regulator said on Friday.

RICHMOND — State lawmakers will try again this year to pass a controversial law requiring welfare recipients in Virginia to undergo drug testing.

KPMG reported Tuesday that fees across its global network rose to $38.4 billion despite sluggish growth in its advisory business.

Auditors are lobbying the SEC to reject planned new disclosure rules that would require them to publicly detail metrics on partner oversight, staff training, and hours spent auditing corporate accounting.

Baker Tilly US LLP agreed to pay $500,000 to settle US audit board charges that it failed to correct repeated lapses uncovered during routine regulatory inspections.