United States: Audit

Mowery & Schoenfeld celebrates its 30th anniversary by promoting seven professionals to partner positions across tax, assurance, transaction advisory, and client advisory services. The promotions include Justin Goetz, Jim Odegard, TJ Van Derpluym, Doug DeLara, Mark Hallgren, Cameron Richey, and Nicole Zambetti, reflecting the firm's commitment to developing leadership from within and positioning for future growth.

Internal audit delivers greater value when finance leaders and executive teams actively engage with auditors throughout the entire audit lifecycle. How can state and local government organizations strengthen collaboration between internal audit, finance, and leadership to transform audit findings into meaningful operational improvements while maintaining audit independence?

On August 5, 2026, China’s Ministry of Commerce placed six U.S. supply chain due diligence entities on its countermeasure list and prohibited organizations and individuals in China from transacting or cooperating with them. The six include the DNA tagging, isotopic testing, supply chain mapping, and labor audit providers that many importers rely on to document origin when U.S. Customs and Border Protection (CBP) detains goods under the Uyghur Forced Labor Prevention Act (UFLPA). Importers in cotton, apparel, electronics, minerals, and other UFLPA high-priority sectors should treat this as a direct hit on their evidence chain and act now.

The Securities and Exchange Commission has established a specialized Financial Reporting and Accounting Unit within its Division of Enforcement, staffed by attorneys and accountants to investigate accounting fraud, financial reporting violations, and auditor misconduct. Led by Timothy Zimmerman under the direction of Enforcement Director David Woodcock...

The SEC has established a specialized Financial Reporting and Accounting Unit within its Division of Enforcement, signaling renewed focus on accounting fraud and financial reporting misconduct. Led by Timothy Zimmerman and staffed with attorneys and accountants possessing specialized expertise, this unit aims to crack down on bad actors in the accounting and auditing profession. The move reflects Chair Paul S. Atkins' emphasis on returning to core accounting principles and protecting investors through rigor

The U.S. Securities and Exchange Commission has established a new Financial Reporting and Accounting Unit within its Division of Enforcement, staffed by specialized attorneys and accountants to pursue accounting fraud and financial reporting misconduct. While similar task forces have existed before with modest impact, this dedicated unit may signal increased regulatory scrutiny in an area where other enforcement agencies have reduced their activity.

An environmental self-audit is a systematic, documented, and objective evaluation of how well an organization, its management systems, and its equipment perform and comply with federal, state, and local environmental statutes, regulations, and permit provisions. When conducted properly, these detailed self-assessments can identify areas of non-compliance, inefficiencies, and opportunities for improvement before they become costly compliance issues. More broadly, environmental self-audits also lead to improved protection of human health and the environment.

The California Privacy Protection Agency's (CalPrivacy) Executive Director Tom Kemp recently stated that the agency's new Audits Division will begin conducting audits assessing companies' compliance with California data privacy laws this year

Plan sponsors have been told for years that the answer to rising prescription drug costs is simple. Move to a pass-through PBM arrangement, require transparency, and the incentives will finally align.