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Friday Footnotes: Deloitte Partner Scammed By Other Deloitte Partner; Big 4 Legal Grows; A $3.5 Billion Error | 2.17.23

Going Concern

The revelation that Mr Endow reportedly ran the fund working as a partner at the firm, one of the world’s largest accounting and consulting firms, has raised concerns across the firm’s partnership. Those creditors include the UK tax authority, HMRC. Neither KPMG nor the official receiver would confirm the size of the settlement.

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AICPA News – Sept 2023

CPA Practice

AICPA News is a roundup of recent announcements from the American Institute of Certified Public Accountants. The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S. 1.6417-1(c).

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Guide to accountant responsibilities

ThomsonReuters

In general, an accountant’s job description includes common accounting tasks such as: Performing risk analysis evaluations. Working with external auditors. Furthermore, accountants are increasingly focusing on a particular vertical or niche to further boost their competitive edge. Recording disbursements and payments.

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