Going Concern

APRIL 30, 2024

It’s been almost six years since the Canadian government legalized recreational cannabis and ever since, a microcosm of financial reporting and auditing has been growing (no pun) beside it. Note that many companies switched auditors so not all fees listed went to the current auditor.) billion Canadian dollar ($3.7

auditor 102

auditor audit Legal Tax 102

Going Concern

AUGUST 12, 2022

Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. PwC fined nearly £1.8m Cordes, EA (@cordes_tax) August 11, 2022.

auditor 97

auditor Account accountant accounted 97

CPA Practice

MAY 14, 2024

The Public Company Accounting Oversight Board (PCAOB) has overhauled its decades-old quality control requirements for audit firms by adopting a new standard on May 13 designed to put the onus squarely on auditors and executives. Firms themselves have also changed significantly, as has the role of firm networks.

auditor 69

auditor audit accounting firms financial statements 69

ThomsonReuters

JUNE 28, 2023

Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management. When you look at ESG through the lens of a tax and accounting firm, reporting on environmental, social, and governance factors is enabled by data.

Tax 98

Tax auditor audit Technology 98

Going Concern

MARCH 15, 2024

EY’s new boss shuffles leadership roles and plans cost cuts [ Financial Times ] EY’s new boss Janet Truncale has set out her leadership team for the Big Four accounting firm, moving an architect of its failed split from his executive role and signalling plans to cut costs across the global firm.

auditor 110

auditor audit cpas Iowa 110

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? Tesla Korea makes accounting errors [ The Chosun Daily ] Tesla Korea, the South Korean unit of U.S.

CPA 100

CPA auditor Tax audit 100

Going Concern

MARCH 1, 2024

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Deloitte examines the future role of the government [ Channel Daily News ] Of course that’s Deloitte’s strong view, they stand to profit from it.

audit 106

audit Nebraska auditor chartered accountant 106

Going Concern

SEPTEMBER 29, 2022

The talent shortage has long been wreaking havoc on the profession and with the accounting pipeline drying up faster than Lake Mead, there doesn’t seem to be much relief on the horizon (if anything, things are getting worse ). This isn’t solely a matter of firms struggling to find talent, there is no talent to find.

auditor 57

auditor audit accounting and finance accounting firms 57

Going Concern

SEPTEMBER 29, 2023

The London-based global accounting firm officially known as PricewaterhouseCoopers International is in talks to lease three floors at a new office building at 3155 Olsen Drive, across from Santana Row in West San Jose, the San Jose Mercury News reported, citing unidentified sources.

auditor 103

auditor audit New York CPA 103

Going Concern

NOVEMBER 24, 2023

KPMG extends pay freeze to 12,000 UK staff [ Financial Times ] Bosses at the Big Four accountancy firm told staff across its four divisions in recent weeks that they would not receive a pay rise this year unless they were promoted, according to people familiar with the matter. .”

auditor 109

auditor audit tax return cpas 109

Going Concern

APRIL 29, 2022

Less work for EY auditors? What about more accountability [ Financial Times ] “Quality before growth, quality before margin.” Launches Inaugural Impact Plan Affirming Commitment to Transparency and Accountability [ PR Newswire ] KPMG LLP1 published its inaugural U.S. have quit or stopped all client work.

auditor 52

auditor audit Account accountant 52

Going Concern

APRIL 1, 2022

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. Over the past year, average hourly earnings have increased 5.6%.

auditor 52

auditor accounting jobs accountant jobs accounts jobs 52

Going Concern

JUNE 23, 2023

Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties. 31 is still not finished.

cpa firm 102

cpa firm CPA auditor North Carolina 102

Going Concern

MAY 6, 2024

Bloomberg Tax drops a scary headline : End of Trump Media’s Auditor Jolts Hundreds of Other Companies The sudden shutdown of what the SEC dubbed a “sham audit mill” will force hundreds of companies, including Trump Media & Technology Group Corp., WE’RE AWARE. Borgers had clients ranging from American Rebel Holdings Inc.,

auditor 79

auditor audit Account accountant 79

Going Concern

DECEMBER 11, 2023

In new research, Matthias Breuer, Anthony Le, and Felix Vetter find that when companies are required by the government to seek a third-party financial audit, they turn to lower quality auditors. As a result, the accounting industry grows, but touted benefits for markets and corporate stakeholders appear elusive.

auditor 102

auditor Account accountant accounted 102

Going Concern

APRIL 15, 2022

Accounting watchdog investigates Deloitte over Go-Ahead audits [ The Guardian ] One of the UK’s biggest accounting firms, Deloitte, is under investigation by regulators for its audits of Go-Ahead, after the bus and rail operator was embroiled in a scandal for wrongly withholding £50m of taxpayers’ money. As a result, U.S.-based

accounting firms 52

accounting firms audit Account accountant 52

Going Concern

MARCH 17, 2023

The best financial planners or wealth managers will set themselves apart with outstanding soft skills.” Johnson continues, “If accounting firms want to venture deeper into the world of financial planning or wealth management, I suspect they would not be able to find enough CPAs with the necessary skill set to easily step into the role.

Government 83

Government Gambling audit CPA 83

CPA Practice

APRIL 10, 2024

The Public Company Accounting Oversight Board (PCAOB) issued a pair of proposals on April 9, one of which would require audit firms to publicly disclose several metrics —including the involvement of partners and managers on an audit, auditor workload, and auditor turnover—on a new form that would be accessible to investors.

audit 52

audit auditor public accounting accounting firms 52

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!

Real Estate 57

Real Estate Account accountant accounted 57

Going Concern

MAY 24, 2024

PwC is facing a crisis in China as partners brace for penalties over its audit of collapsed property developer Evergrande and some clients reconsider their relationship with the accounting firm. This deal, on both sides, was ultimately about perseverance and finding value in an unsexy sector.

audit 72

audit auditor accounting and finance accounting firms 72

Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. But what about the books of the auditor?

audit 62

audit Account accountant accounted 62

Going Concern

MAY 26, 2023

PwC to remove staff involved in Australia tax leak scandal from govt work [ Reuters ] PricewaterhouseCoopers (PwC) has agreed to remove staff with links to the leak and use of confidential Australian tax plans from government work, a senior government official told an inquiry on Thursday. Big four consultancies win $1.4

public accounting 89

public accounting Account accountant accounted 89

Going Concern

FEBRUARY 27, 2023

In Australia, EY is still bungling this one up : EY accidentally leaked the personal details of current and former employees while trying to launch a massive review into the firm’s workplace culture. From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

Technology 103

Technology Account accountant accounted 103

Going Concern

APRIL 8, 2024

Business Insider analyzed the US Office of Foreign Labor Certification’s 2023 disclosure data for permanent and temporary foreign workers to find out what Big 4 firms pay. Bloomberg went digging around in Trump Media’s auditor’s PCAOB inspection reports: Trump Media & Technology Group Corp. Are they really tho?

auditor 57

auditor audit Account accountant 57

Going Concern

DECEMBER 8, 2023

Expand the accounting pipeline with a mentorship circle [ Journal of Accountancy ] At a time when the CPA pipeline is running slow, mentoring can be a powerful tool to recruit potentially interested students into accounting and guide them to careers in the profession. The SEC approved the standard on Dec.

cpas 105

cpas Account accountant accounted 105

Going Concern

APRIL 22, 2024

According to the US Office of Foreign Labor Certification data, EY entry-level accountants and auditors earn $54,000 a year and up. Deloitte discusses AI in auditing and necessary upskilling for auditors current and future: The evolution of skills for auditors is imperative in the era of AI integration.

auditor 92

auditor Account accountant accounted 92

Going Concern

DECEMBER 1, 2023

Mergers and Acquisitions VonLehman CPA & Advisory Firm merges with top 100 company Dean Dorton [ Cincinnati Business Courier ] One of Greater Cincinnati’s largest accounting firms has paired up with another regional firm that’s even bigger. The combined firm will operate under the Dean Dorton name.

cpas 105

cpas audit auditor CPA 105

Going Concern

MAY 13, 2024

Sabrina Sanders, AT&T’s chief accounting officer, is targeting graduate students for the company’s two-year-old, in-house training program. We included additional clarification that an auditor’s professional skepticism extends to other information that is obtained to comply with PCAOB standards and rules. PCAOB Chair Erica Y.

Oregon 80

Oregon Account accountant accounted 80

ThomsonReuters

MARCH 20, 2024

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. Auditors and managers can simultaneously sign off on multiple procedures, quickly check all engagement overviews, and identify missing answers.

audit 52

audit auditor cpas financial statements 52

Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! Audit Americanas’ $4 Billion Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record [ Bloomberg ] A $4 billion accounting shortfall would typically raise alarm bells for an auditor.

Florida 98

Florida Tax North Dakota Account 98

Going Concern

SEPTEMBER 22, 2023

Former employee of Chattanooga accounting firm speaks out [ Local 3 ] A former employee of Croft and Frost is speaking out following the accounting firm’s shutdown that cost him and his coworkers their jobs. economy, including employment, labor income, and tax contributions to federal, state, and local governments.

audit 91

audit accounting and finance Virginia auditor 91

Going Concern

MARCH 8, 2024

Audit SEC Settlement Against Auditing Firm Serves as Reminder of Important Independence Rules [ JD Supra ] On February 29, the Securities and Exchange Commission (the SEC) announced that it settled an administrative proceeding against Lordstown Motors Corps’ former auditor, Clark Schaefer Hackett and Co. But that is changing.

audit 79

audit auditor New York Legal 79

Going Concern

JULY 5, 2022

Only certified public accountants can audit public companies’ financial statements, per U.S. But, under the SEC’s proposal, the attestation report could be prepared not only by external auditors but also by other service providers, such as an engineering, consulting or certification firm. securities laws.

audit 52

audit Non-Profits auditor cpas 52

ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. Governance risks include financial reporting, fraud prevention, executive pay transparency, and overall business dealings of the company. . What is ESG?

audit 52

audit auditor Technology Government 52

Going Concern

FEBRUARY 9, 2024

Three of the firms also joined industry efforts to designate accounting as a science, technology, engineering, and math—or STEM—field, according to federal lobbying disclosures. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

Technology 88

Technology Colorado audit cpa firm 88

Going Concern

NOVEMBER 11, 2022

‘There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. The Big Four accounting firms are even reaching out to high school students to share that message and creating more flexible work environments, Lansford says.

audit 90

audit auditor Louisiana cpas 90

Going Concern

JANUARY 26, 2024

AI Is your firm keeping pace? How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. million from the federal government. But federal monitoring is making a comeback under new leadership.

Account 116

Account accountant accounted audit 116