Audit Quality

KPMG US Redesigns Audit Training as AI Takes Over Routine Testing

Nearly 1,000 audit and assurance interns have been trained in judgement, fraud detection and critical thinking as the firm prepares for the automation…

2 hrs ago • Claudine Cassar

FRC Warns Big Four Over Growing Use of Offshore Audit Teams

The UK regulator says overseas teams are increasingly performing work requiring professional judgement and will monitor the largest firms’ extended-team…

3 hrs ago • Claudine Cassar

AI Governance in Audit: Wayne Banks on What Firms Must Do to Protect Trust

Chartered accountant and former global CFO Wayne Banks talks to Claudine Cassar about Big Four AI adoption, board accountability, client data and the…

9 hrs ago • Claudine Cassar

Dennis Beresford on the stock-options battle that tested FASB’s independence

Exclusive Interview: Former FASB chairman Dennis Beresford on the stock-options expensing battle: private meetings with firm leaders and Arthur Levitt…

Jul 23 • Claudine Cassar

KPMG tops UK Big Four in FRC’s 2026 audit quality inspections

Financial Reporting Council finds 95% of KPMG UK audits inspected required no more than limited improvements, ahead of Deloitte, EY and PwC

Jul 22 • Claudine Cassar

PwC’s second Babcock fine: the warnings were there

PwC hit with second FRC fine (£3.25m) over 2019-20 Babcock audits. Component auditors raised clear warnings – the group team didn’t act. Full analysis.

Jul 21 • Claudine Cassar

Why Big Four liability caps undermine audit quality and fair competition

Former KPMG partner and whistleblower Professor Brendan Lyon discusses his Supreme Court challenge to CA ANZ’s liability scheme, Big Four competitive…

Jul 21 • Claudine Cassar

KPMG’s audits of three failed banks: what the 2025 minority Senate report reveals about whistleblower protections

What the 2025 Senate report on KPMG’s audits of SVB, Signature Bank and First Republic reveals about the need for external auditor-whistleblower…

Jul 14

PwC audit failures: CTM, WHSmith and the foreign subsidiary blind spot

Analysis of PwC audit failures at Corporate Travel Management and WHSmith, where weak professional scepticism allowed serious issues in foreign…

Jun 25 • Claudine Cassar

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