Audit

Michael Burry, the investor who foresaw the housing market crash in 2008, is skeptical about today's proof-of-reserve audits.

The agency aims to hire scores of auditors, but there's a nationwide shortage of accountants.

A financial planner can complement the CPA through the stressful process by taking on a number of supporting — yet crucial — roles.

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

The Securities and Exchange Commission charged several investment advisors with combined penalties of $1 million for violating the Investment Advisors Act's Custody Rule.

There were signs of improvement in terms of audit engagements and quality control systems.

Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.

The agency is continuing its focus on firms that have never been examined, including recently formed ones.

The service is taking steps to increase its audit rates of higher-income taxpayers after coming under sharp criticism in Congress over its lagging audit numbers.

Advisors tend to avoid clients' tax issues when they involve the IRS. It's a missed opportunity to add value.