Going Concern

SEPTEMBER 29, 2023

KPMG offered video game training to some employees. After creating a video game character, players “travel” around the globe, answering questions about the firm and earning points for every question answered correctly. Players receive instant feedback and a detailed explanation of questions answered incorrectly.

auditor 109

auditor audit New York CPA 109

Going Concern

AUGUST 8, 2023

Instead of our collective chest thumping about how independent auditors are paragons of integrity, we should examine humbly the human situation. Another incident involved an E&Y auditor and her romantic entanglement with the CFO of the firm being audited. Also see my essay “ The Myth of Auditor Independence.”)

auditor 97

auditor Account accountant accounted 97

Going Concern

FEBRUARY 16, 2023

But now the watchful eye of the FRC is burning a hole in the back of auditors’ heads at the smaller firms and the receivers are not happy about it. The regulatory pressure is becoming unbearable,” says a senior auditor at one mid-tier firm of the demands from FRC supervisors.

audit 103

audit auditor Gaming Technology 103

Going Concern

DECEMBER 22, 2023

Audit At PwC, it’s the revenge of the auditors [ Australian Financial Review ] For decades, Sue Horlin watched her PwC consulting colleagues bring in the prestige clients, high-profile assignments and the big fees. Burned Investors Ask ‘Where Were the Auditors?’ Documents related to the Senate inquiry were released Friday.

auditor 109

auditor audit accounting firms accounting and finance 109

CPA Practice

JANUARY 31, 2024

Top 20 accounting firm Armanino today released Audit Ally, a proprietary tool designed to automate and improve the efficiency of Service Organization Control 2 (SOC 2) examinations for both the client and the auditor.

auditor 59

auditor audit Technology Gaming 59

Menzies

DECEMBER 6, 2023

In addition to maintaining their ‘independence’ so to give a fair view of any audited accounts, the auditor should make sure they are questioning the information they are given and apply some ‘professional scepticism’ to the audit process whilst also seeking corroborating evidence at the appropriate time.

audit 52

audit auditor accounting and finance chartered accountant 52

Airbase

DECEMBER 6, 2023

A cleaner audit trail: Airbase’s ability to automatically create an audit trail for every transaction is essential for Doximity — and their auditors appreciate it. “Our Our auditors have said Airbase is one of the best tools that they work with,” said Alex. Let us show you how it works — ask for a demo !

NetSuite 130

NetSuite NetSuite Integration accounting and finance AP Automation 130

Going Concern

SEPTEMBER 20, 2023

Oh no, it’s a whole other game. There’s the CIA (no, not that CIA, but the Certified Internal Auditor), the Certified Responsible Government Auditor (CRGA), and the Certified Government Financial Manager (CGFM) are also valued. Ever thought about the unique hustle of government auditing?

Government 123

Government audit CPA auditor 123

Going Concern

NOVEMBER 12, 2023

Those firms are: IPA Rank Firm Revenue 9 CliftonLarsonAllen $1.7 billion 10 Baker Tilly $1.6 billion 11 Crowe $1.3 billion 12 CBIZ + MHM $1.2 billion 13 Marcum $1.2 billion 14 Moss Adams $1.1 FORVIS picked a few of these clients up (that we know of, probably more) so it makes no sense that they’d end up back where they were.

Missouri 128

Missouri auditor audit Gaming 128

CPA Practice

AUGUST 9, 2023

“In the midst of an unprecedented talent shortage gripping our profession, private companies are struggling to find a trusted auditor and often turn to their tax or non-attest accounting firm for guidance,” says Brian Yujuico, vice president and senior chief auditor of AuditClub.

audit 52

audit Account accountant accounted 52

Going Concern

FEBRUARY 2, 2023

“Accountants and auditors are to business as those people in the black-and-white-striped shirts are to sports. “Without accounting and without finance, there are no rules to the game. It’s like playing a game, and you make up your rules as you go along. We’re the referees of business.

Account 104

Account accountant accounted Sports 104

Accounting Insight

MARCH 19, 2024

Inflo was founded in 2015 by two ex-Big Four auditors: Mark Edmondson and Graham Clark. These game-changing findings will shape the future of our industry, and we can’t wait to share them with such an engaged audience. How did you get started? We’re also launching brand-new research at Accountex!

audit 64

audit Technology auditor accounting firms 64

Airbase

MARCH 2, 2023

Female accountants and auditors now outnumber their male counterparts. Many women in finance are at the top of their game. If they couldn’t care less if I’m at a basketball practice after school, but they really want me at that game on Saturday or Sunday, I’ll make a point of being at that game, without my phone. “My

Finance 130

Finance accounting and finance Gaming auditor 130

ThomsonReuters

MARCH 6, 2024

AI in tax compliance is a top priority Artificial intelligence (AI) is a game changer for improving efficiency, cited as the top priority of tax and accounting professionals in our recent Future of Professionals report, with 75% of respondents in corporate tax teams rating it as a key concern.

Tax 88

Tax corporation tax Technology auditor 88

Going Concern

FEBRUARY 10, 2023

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. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch it at Americanas SA.

Florida 104

Florida Tax North Dakota Account 104

Going Concern

JUNE 17, 2022

Although a good chunk of PwC UK’s vacancies are in audit just like every other firm (there is an active and worsening auditor shortage in the US despite 66% of recently-graduated new hires being placed in audit), they’re not getting desperate about it like those other firms. Top grades are nice but not a prerequisite per Baxter.

audit 57

audit Gaming auditor CPA 57

Going Concern

JULY 11, 2023

And here’s their game plan: As an initial step in remediation of this material weakness, we are engaging temporary third-party resources with the appropriate level of knowledge and experience in accounting and internal control matters to complement the existing organizational structure.

Account 139

Account accountant accounted financial statements 139

PYMNTS

MAY 10, 2018

The company also didn’t share information about the hack with auditors and outside counsel and failed to maintain disclosure controls and procedures designed to ensure that reports from Yahoo’s security team were properly assessed in a timely manner for potential disclosure.

Gaming 40

Gaming auditor Maine 40

Going Concern

MAY 5, 2023

The models can read documents and pull-out information that auditors are looking for. “It State-owned enterprises (SOEs) and listed companies should be more thorough in reviewing the ability of auditors “to safeguard information security” and “strengthen controls of sensitive information”, regulators said on Thursday.

audit 109

audit cpas auditor Mississippi 109

Going Concern

SEPTEMBER 15, 2023

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. And part of the plan includes tailgating at football games.

audit 109

audit Colorado CPA Texas 109

Going Concern

SEPTEMBER 5, 2023

Wipfli is upping its risk management game : Wipfli LLP (Wipfli) announced today it has acquired Sheshunoff Consulting + Solutions’ risk management and loan review services divisions. Earlier: Someone Tell Hong Kong There Is Not an Unlimited Supply of Offshore Accountants and Auditors Alright that’s enough of that for today.

Account 62

Account accountant accounted chartered accountant 62

Going Concern

MARCH 21, 2023

It isn’t just another game, it’s a different sport. It doesn’t seem like a stretch to look out and see a future where no one except the wealthiest clients prepare tax returns with human interaction or where large company audits are performed by auditor teams that can fit around a coffee table instead of a conference table.

Account 113

Account accountant accounted tax return 113

Going Concern

OCTOBER 31, 2022

Speaking of games: A few things we’re working on this week: As mentioned above, we’re keeping a close eye on BDO, don’t be surprised if you see a story or two this week. It has to work.” States spent millions on Deloitte’s ‘anti-fraud’ Covid unemployment systems, billions in fraud happened.

Account 104

Account accountant accounted audit 104

Going Concern

JUNE 30, 2022

Here’s an excerpt from an email Grier sent to all EY employees the day before the Super Bowl: During a year unlike any other, I’m looking forward to one tradition that holds strong this weekend – watching Sunday’s Big Game! She ended the email by saying, “Please tune in on Sunday and enjoy the game!” That commercial? Not so much.

Gaming 104

Gaming auditor Kansas audit 104

PYMNTS

NOVEMBER 2, 2018

The shell game is one where sleight of hand causes one to lose their shift. So it is in the business world, where shell games of a different sort can wreak havoc on a victim’s corporate coffers. Those items, per the auditor statement, were not allowed under the university’s procard policies. News came Thursday (Nov.

auditor 67

auditor audit Massachusetts Florida 67

ThomsonReuters

JUNE 16, 2023

With the help of AI, auditors can shift away from sampling to reviewing all of a client’s transactions in real time, in a way that no human could. This leads to improved outcomes as auditors can better identify risky transactions, anomalies, and deliver higher-quality audits.

Technology 98

Technology Account accountant accounted 98

Going Concern

MAY 12, 2023

China’s Shift Away From Big Four Auditors Has EY Most Exposed [ Bloomberg ] Among the four biggest global accounting firms, Ernst & Young is likely to be the most exposed to Beijing’s crackdown on US-linked auditors, as it stands to lose about a 10th of its China revenue. based IPA 100 firm Schellman of (FY21 net revenue of $101.9

CPA 109

CPA Account accountant accounted 109

Going Concern

DECEMBER 6, 2023

The sample size is a bit small — two coauthors interviewed 13 actual and former men auditors in three Big 4 and two mid-tier auditing firms — but we all know these baker’s dozen men aren’t uniquely reluctant to take leave. OK so what can be done about it? One suggestion: tone from the top. ” Excellent.

audit 113

audit accounting firms accounting careers auditor 113

CPA Practice

JANUARY 13, 2024

The portable monitor is a winner if you have auditors or mobile workers who would benefit from a light second screen. The 49″ monitor was part of a gaming display to show responsiveness. It was light, felt durable, and the screen image was brilliant. We have samples headed our way for testing purposes.

Technology 119

Technology auditor Healthcare Transportation 119

FraudFiles

MARCH 5, 2021

The executives were playing games to inflate the revenue and profits of the company to keep Wall Street happy. Changes to or unusual relationships with a company’s auditors, attorneys, or banks merit some scrutiny. Frequent changes in auditors and attorneys could signal disagreements about material issues.

auditor 52

auditor financial statements audit Legal 52

FraudFiles

DECEMBER 10, 2021

These are some of the most dreaded words an individual or business will ever hear from a state or federal tax auditor. Arguing about who and what to blame does not help the company combat an aggressive auditor. Anything at all that may help to support a deduction is fair game, and may help in the audit. You are being audited.

audit 52

audit Tax forensic accounting auditor 52

PYMNTS

NOVEMBER 20, 2020

The name of the game is digitization for organizations across all industries, thanks to the "new normal" of working from home amid the pandemic. For Chegg and many other firms, that means the first time going through a virtual audit, and going through quarterly reviews with auditors via virtual communication platforms.

NetSuite 87

NetSuite Education auditor accounting and finance 87

Going Concern

MARCH 11, 2024

New York Times wrote a piece on people who bet on the Oscars and included this bit: Because the outcomes of sports games are unknown before the matches, allowing bets on them is considered less risky than bets on awards shows, whose results are decided in advance. Who watches the watchmen—or, in Fortune 500 terms, who audits the auditors?

audit 62

audit Minnesota Account accountant 62

ThomsonReuters

JUNE 9, 2023

By establishing an effective audit engagement process, harnessing the power of cloud-based solutions, and identifying game-changing technologies, firms can optimize their audit procedures, mitigate compliance challenges, and ultimately boost their profitability. What are the steps to establishing an audit engagement process?

audit 98

audit Non-Profits Technology auditor 98

CPA Practice

JANUARY 13, 2024

The portable monitor is a winner if you have auditors or mobile workers who would benefit from a light second screen. The 49″ monitor was part of a gaming display to show responsiveness. It was light, felt durable, and the screen image was brilliant. We have samples headed our way for testing purposes.

Technology 64

Technology auditor Healthcare Transportation 64

Going Concern

JUNE 12, 2023

Mississippi auditor Shad White issued a report Thursday that said the state’s public universities spent $23.4 Found in downtown Philadelphia. pic.twitter.com/fJ5CRuDZ0v — Going Concern (@going_concern) June 11, 2023 Where does all the information we’re putting into AI go?

Account 52

Account accountant accounted audit 52

Going Concern

AUGUST 7, 2023

. : UK firms see audit costs climb as fines and skills shortage push up auditors fees The total amount in audit fees paid by the UK’s largest 500 companies has risen by 14 per cent in the past year, according to new data. There is also a scarcity of talent, which is putting pressure on audit fees,” she added.

Account 52

Account accountant accounted audit 52