Going Concern

MARCH 8, 2024

In an interview with Bloomberg Law, Punt said he is optimistic about growing the accounting giant’s market share for the proactive services Deloitte calls “business transformation,” arguing general counsel need to deliver more value to their businesses through streamlined processes. When conducting the fiscal year 2021 audit of Tingo, Inc.,

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CPA Practice

OCTOBER 20, 2023

With governments around the world looking to restructure their economies in response to a looming climate crisis, it is no longer enough for businesses to just donate to environmental causes. Andre advises accounting industry clients on external audit, accounting, Generally Accepted Accounting Principles, income tax and internal controls.

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CPA Practice

OCTOBER 19, 2023

With governments around the world looking to restructure their economies in response to a looming climate crisis, it is no longer enough for businesses to just donate to environmental causes. Andre advises accounting industry clients on external audit, accounting, Generally Accepted Accounting Principles, income tax and internal controls.

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Going Concern

AUGUST 14, 2023

When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” PCAOB staff expects approximately 40% of the audits reviewed in 2022 will have one or more deficiencies, up from 34% in 2021 and 29% in 2020. Who’s gonna tell them?

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PYMNTS

DECEMBER 4, 2020

Munich prosecutors have launched an investigation into the Ernst & Young ( EY ) audit of Wirecard AG, compounding the firm’s troubles associated with $2.3 Auditors being investigated include Andreas Loetscher, an EY veteran for 20 years who is now the managing director at Deutsche Bank.

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Going Concern

DECEMBER 22, 2023

City accountant looks to outsource paperwork to India [ The Telegraph ] One of the UK’s largest accountants Evelyn Partners is considering outsourcing its services to India as the firm outgrows its new City headquarters. EY has previously rebuffed the claims against it for damages in relation to Wirecard. As CIO, Ms.

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Going Concern

MARCH 4, 2022

Deloitte considers Russia pull out as pressure grows on western firms to exit [ Financial News ] Deloitte is considering pulling out of Russia, becoming the first Big Four audit firm to do so as pressure grows on Western companies to cut ties with the country following its invasion of Ukraine. Antar (@SamAntar) March 4, 2022.

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Going Concern

APRIL 8, 2024

Bloomberg went digging around in Trump Media’s auditor’s PCAOB inspection reports: Trump Media & Technology Group Corp. said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month.

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Going Concern

APRIL 5, 2024

Finance ] Aitzarelys Negrón, certified public accountant (CPA) and founder of Strategies and T.E.A., said, “I had been working at a [major] accounting firm since 2015 before being laid off in the fall of 2020. Folwell expresses doubts about EC’s long overdue audit [ The Daily Advance (North Carolina)] Another late city audit.

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Going Concern

MARCH 22, 2024

The decision will likely set up another showdown with Australian politicians who have strongly criticised the firm for not sharing the report, and frustrate government departments that have believe it should be shared. Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St.

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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

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Going Concern

NOVEMBER 18, 2022

More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. KPMG blocked from Abu Dhabi audits as it elects new regional boss [ Financial Times ]. Defense Department fails another audit, but makes progress [ The Hill ].

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Going Concern

MAY 12, 2023

Former NSW Supreme Court justice Anthony Whealy, KC, now the chair of the Centre for Public Integrity, said the federal anti-corruption legislation could catch government contractors, such as PwC, and operated retrospectively. 1, 2024, the Financial Accounting Foundation said. Where’s your sense of adventure?

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Going Concern

SEPTEMBER 1, 2023

PwC Australia flags revenue hole, partner profit cut due to tax scandal legacy [ Reuters ] PwC Australia on Friday said the spin-off of its government consulting business and other costs from a tax scandal will leave a double-digit revenue hole and require partners take an income haircut. billion ($2.21 30 after 33 years with the firm.

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Going Concern

JULY 15, 2022

PwC partner accused of rating female staff leaves firm [ Australian Financial Review ] A PwC partner who allegedly held male-only events with colleagues where they rated the attractiveness of women in their office and visited strip clubs has left the firm. stock exchanges.

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Accounting Insight

AUGUST 8, 2023

According to the latest report by the Association of Certified Fraud Examiners (ACFE), Occupational Fraud 2022, accounting fraud is the type of business fraud that causes the highest losses to companies. Internal auditors discover 16% and external auditing 4% of cases. High proportion of managers Corporate governance 13.

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Going Concern

APRIL 21, 2023

Professor Laura Empson of Bayes Business School retells how these audit firms were beguiled by the glamour and big fees of corporate advisory work. It was among the 64 local governments and utility systems that S&P Global Ratings withdrew ratings for this month for failing to file financial information on time.

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Going Concern

SEPTEMBER 15, 2023

The rule governs the liability of associated persons who contribute to a registered public accounting firm’s primary violation of the laws, rules, and standards that Congress has charged the Board with enforcing. The administration did not present a budget for Internal Audit during the hearings.

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Going Concern

JULY 1, 2022

Marking a Half-Century of Capital Markets Integrity [ Barron’s ] Former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation John J. GAAP, or generally accepted accounting principles. What baffles me is I work for the government.”

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Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

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Going Concern

MARCH 25, 2022

PCAOB cautions firms on use of outside service providers for audit confirmations [ Accounting Today ] The Public Company Accounting Oversight Board issued a Spotlight publication Monday containing some observations and reminders for auditing firms about relying on outside service providers for electronic audit confirmations.

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Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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Going Concern

AUGUST 11, 2023

to Kansas City when a Fresno tax processing center closed in September 2021 have not been found, the report from the government watchdog said. This has been a very successful decision with KPMG doubling in size since then assisting our growing client base in areas including audit services, advisory and business and tax advisory.”

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inDinero Accounting

JUNE 29, 2023

Along this journey, influential organizations such as FASB and International Accounting Standards Board have played a major role in establishing and maintaining GAAP standards across different jurisdictions and industries worldwide. But what are these components that make up this essential system?

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inDinero Accounting

JULY 8, 2021

But for those banks that are willing to take on cannabis bank accounts, you need to be prepared to basically do whatever the bank tells you to do to secure that account because the bank will be the one to be held accountable to the federal government for violating the BSA. – Hilary Bricken, Above The Law.

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ThomsonReuters

JANUARY 18, 2024

In general, an accountant’s job description includes common accounting tasks such as: Performing risk analysis evaluations. Recording expenses and preparing financial reports. Working with external auditors. They also need one year of accounting-related work experience. Recording disbursements and payments.

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Snyder

NOVEMBER 22, 2022

In short, accounting principles matter…a lot. Accepted accounting principles: Generally Accepted Principles vs International Financial Reporting Standards. It [ consistency principle ] entails following the same accounting principle to record financial transactions to maintain consistency.

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PYMNTS

NOVEMBER 20, 2020

We need him as a testee in order to clarify the political networks and the political contacts between Wirecard and the German government,” Bayaz told Bloomberg. “He Details of the allegations were included in an unpublished section of a special audit into Wirecard by KPMG.

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