Audit engagement partners reported that, on average, audit engagement teams spend 1% to 2% of total audit hours on CAM-related activities. On average, non-U.S. auditors at the six biggest global ...

The U.S. accounting watchdog has found an "absolutely unacceptable" level of serious deficiencies in public company audits it inspected in 2022, chair Erica Williams said in a statement on Tuesday.

State agencies in Oregon made $1.8 billion in accounting errors during the 2024 budget year, according to an audit report from the Secretary of State's Office released May 13.