Audit

Global Customs Audit Market Report 2020: Shifting Trade Pattern to APAC Economies - ResearchAndMarkets.com

Thursday, February 25, 2021 - 3:28pm

The customs audit market is poised to grow by $2.10 billion during 2020-2024 progressing at a CAGR of 5% during the forecast period.

Key Points: 
  • The customs audit market is poised to grow by $2.10 billion during 2020-2024 progressing at a CAGR of 5% during the forecast period.
  • This report on the customs audit market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
  • This study identifies the shifting trade pattern to APAC economies as one of the prime reasons driving the customs audit market growth during the next few years.

Protiviti Teams with Celonis to Deliver Controls Excellence Process Mining App

Thursday, February 25, 2021 - 3:03pm

MENLO PARK, Calif., Feb. 25, 2021 /PRNewswire/ --Global consulting firm Protiviti has launched its Controls Excellence App built on the Celonis Execution Management System platform.

Key Points: 
  • MENLO PARK, Calif., Feb. 25, 2021 /PRNewswire/ --Global consulting firm Protiviti has launched its Controls Excellence App built on the Celonis Execution Management System platform.
  • However, these teams at many of our clients were using process mining for exploratory analysis and process discovery and hadn't been able to unlock its potential with respect to analysis of controls performance," said Andrew Struthers-Kennedy, a Protiviti managing director and leader of the Technology Audit practice.
  • "Our Controls Excellence app serves as a risk and controls lens providing an enterprise view into whether key controls are in place and operating effectively while arming teams with the tools necessary to quickly categorize and investigate failures when they arise.
  • Access to the app can be requested from Protiviti directly or through the Celonis EMS Store .

Very Good Security (VGS) Further Enhances Mission to Secure the World's Information with VGS Control

Thursday, February 25, 2021 - 2:00pm

Today, Very Good Security (VGS) , the modern standard for data security and compliance, has further cemented its commitment to securing the worlds information by empowering organizations to prepare for their first SOC 2 audits completely free with VGS Control (Control) .

Key Points: 
  • Today, Very Good Security (VGS) , the modern standard for data security and compliance, has further cemented its commitment to securing the worlds information by empowering organizations to prepare for their first SOC 2 audits completely free with VGS Control (Control) .
  • VGS employs a fundamentally different approach to data security and compliance , which drastically improves an organization's ability to seek and maintain SOC 2 compliance using VGS Control.
  • Now, any organization can build a strong security posture to achieve SOC 2 compliance, without letting price get in the way of Very Good Security.
  • Very Good Security (VGS) is on a mission to secure the worlds information.

FERF'S Annual Public Company Audit Fee Survey Reveals New Accounting Standards and Acquisitions Increased Audit Scope and Fees

Thursday, February 25, 2021 - 1:05pm

Overall, the growth in average audit fees continued, increasing six percent from 2018 to 2019 due to expanded audit scope.

Key Points: 
  • Overall, the growth in average audit fees continued, increasing six percent from 2018 to 2019 due to expanded audit scope.
  • Fifty-six percent of public company respondents cited accounting standards changes as the major driver, with 21 percent indicating acquisitions as the second largest.
  • Sixty-nine percent of public company respondents indicated that their external audit and quarterly reviews had been impacted to some extent by COVID-19.
  • The 11th Annual Public Company Audit Fee Study Report can be obtained by visiting the online FERF bookstore at http://www.ferf.org/reports .

KPMG Deploys AMA XpertEye's Technology For Remote Inventory Review

Wednesday, February 24, 2021 - 6:35pm

By implementing the use of AMA XpertEye's technology software on the RealWear HMT-1, KPMG's deployment enables inventory observations to be conducted from remote locations, enhancing accuracy while mitigating many travel and logistical issues, as well as health and safety concerns.

Key Points: 
  • By implementing the use of AMA XpertEye's technology software on the RealWear HMT-1, KPMG's deployment enables inventory observations to be conducted from remote locations, enhancing accuracy while mitigating many travel and logistical issues, as well as health and safety concerns.
  • The technology allows off-site auditors to view and interact with the inventory observation in real time, enabling a more efficient resolution of issues and reducing travel costs.
  • Audit teams can direct and observe inventory activities to confirm inventory amounts.
  • KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services.

Ambrx Appoints Audit Executive Chris Nolet to Board of Directors

Tuesday, February 23, 2021 - 9:05pm

Ambrx, a clinical stage biopharmaceutical company using an expanded genetic code to create Engineered Precision Biologics, today announced the appointment of Chris Nolet to the companys Board of Directors.

Key Points: 
  • Ambrx, a clinical stage biopharmaceutical company using an expanded genetic code to create Engineered Precision Biologics, today announced the appointment of Chris Nolet to the companys Board of Directors.
  • Mr. Nolet brings extensive experience as a long-time audit partner and business advisor in the life sciences industry, and has assumed the role of Chair of Ambrxs Audit Committee.
  • We are delighted that Chris will be joining our Board of Directors given his deep expertise, knowledge base and industry network, said Feng Tian, Ph.D., President and CEO of Ambrx.
  • As Chair of the Audit Committee, he will provide the accounting and financial oversight to support Ambrx through the next stages of the companys growth.

SEC Charges Two Former KPMG Auditors for Improper Professional Conduct During Audit of Not-for-Profit College

Tuesday, February 23, 2021 - 4:12pm

Washington, D.C.--(Newsfile Corp. - February 23, 2021) - The Securities and Exchange Commission today suspended two former KPMG auditors from practicing before the SEC in connection with settled charges against the two for improper professional conduct during an audit of the now defunct, not-for-profit College of New Rochelle.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - February 23, 2021) - The Securities and Exchange Commission today suspended two former KPMG auditors from practicing before the SEC in connection with settled charges against the two for improper professional conduct during an audit of the now defunct, not-for-profit College of New Rochelle.
  • The SEC previously charged the colleges former controller with fraud in connection with the colleges fiscal year 2015 financial statements.
  • As described in the orders, KPMGs work on the audit had stalled because the colleges former controller had provided the audit team with inaccurate, incomplete, and contradictory information.
  • We will investigate auditors conduct in municipal audits and, where appropriate, hold them accountable when they act improperly.

Saniona postpones 2020 year-end financial report due to restatement and re-audit of prior period financial statements in line with U.S. PCAOB audit standards

Monday, February 22, 2021 - 10:59pm

The 2020 year-end report will be issued on 17 March 2021.

Key Points: 
  • The 2020 year-end report will be issued on 17 March 2021.
  • Saniona has engaged independent auditors to perform an audit of the restated financial statements in accordance with PCAOB standards.
  • The restated financial statements will continue to be presented in accordance with International Financial Reporting Standards (IFRS) standards.
  • Saniona is a biopharmaceutical company focused on discovering, developing, and delivering innovative treatments for rare disease patients around the world.

Huntsman Appoints Jeanne McGovern to Its Board of Directors and Announces the Formation of a Sustainability Committee

Friday, February 19, 2021 - 11:04pm

THE WOODLANDS, Texas, Feb. 19, 2021 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced the appointment of Jeanne McGovern to its Board of Directors effective February 16, 2021.

Key Points: 
  • THE WOODLANDS, Texas, Feb. 19, 2021 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced the appointment of Jeanne McGovern to its Board of Directors effective February 16, 2021.
  • Ms. McGovern will serve on the Audit Committee and was designated an "audit committee financial expert" as defined by the applicable regulations of the SEC.
  • The Huntsman Board now has eleven directors, ten of whom are independent.
  • The formation of the new Sustainability Committee underscores and reaffirms Huntsman's commitment to the long-term, continued leadership and focus in sustainability, social responsibility, and creating shareholder value."

Access-Power & Co., Inc. is pleased to announce the Company has hired Ben Borgers as its PCAOB/CPA Auditor

Friday, February 19, 2021 - 10:57pm

Ben developed and maintained the databases and the web portal for these and also worked for an IT consulting company on weekends doing general IT and database consulting.

Key Points: 
  • Ben developed and maintained the databases and the web portal for these and also worked for an IT consulting company on weekends doing general IT and database consulting.
  • This involved locating fraudulent data and restating the financial statements using individual financial data from over 1,400 locations across the US.
  • ACCR is very pleased to announce our new PCAOB/CPA auditor to beemployed by retainer with the firm.
  • We are paying the AUDITOR feefrom our cash balances that have built up over the monthsBen Borgers.