Going Concern

OCTOBER 14, 2022

KPMG UK has promoted a historically modest 25 new equity partners this year as it makes greater use of the salaried partner badge which it introduced in 2021. The firm has promoted 108 new partners in its latest cohort which it announced on 14 October. In the war for accounting talent, allowing remote work is table stakes.

auditor 98

auditor Legal audit South Carolina 98

Going Concern

APRIL 7, 2023

[ Wall Street Journal ] A tap story from WSJ says accountants and writers are among the jobs that could be most affected by AI tools (*gulp*) Big 4 March people moves: KPMG, Deloitte, PwC make senior hires [ AccountancyAge ] Musical chairs across the pond. ’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K.

auditor 105

auditor chartered accountant audit accounting and finance 105

Going Concern

APRIL 30, 2024

Here’s a snapshot from 2019 that shows how much cannabis companies were paying to which auditors: A look at 40 Canadian cannabis companies and what they paid to their auditors over their past fiscal year. Note that many companies switched auditors so not all fees listed went to the current auditor.)

auditor 111

auditor audit Legal Tax 111

ThomsonReuters

JANUARY 3, 2023

Too many of today’s auditors are stressed and overworked. Therefore, firms need to ensure that auditors can access the tools they need and achieve the greater work-life balance they desire should they wish to retain top talent. . Auditors are no exception. What challenges do auditors face today?

auditor 59

auditor audit Technology Gaming 59

ThomsonReuters

DECEMBER 6, 2022

Today, ESG is resulting in significant opportunities for auditors, fueled by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products. What is the role of the auditor in ESG reporting? The future of ESG accounting.

auditor 59

auditor Account accountant accounted 59

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 59

auditor audit accounting firms financial statements 59

CPA Practice

AUGUST 15, 2023

Shortly after criticizing audit firms for the number of errors they made on public company audits reviewed by PCAOB inspectors last year, the audit watchdog doled out sanctions to 12 accounting firms from July 28 to Aug. Here is a recap of the PCAOB’s busy last two weeks of enforcement and the firms that got busted.

audit 98

audit auditor accounting firms cpas 98

Going Concern

MAY 5, 2022

Mind you this was following a record 40,350 accounting graduates hired by public accounting firms in 2012 , and by 2014, the profession logged six consecutive years of record numbers of people majoring in accounting. On top of the overall pipeline issue, we’ve heard grumblings of auditor shortages for years.

auditor 52

auditor audit cpas CPA 52

CPA Practice

SEPTEMBER 20, 2023

However, the nearly 4% increase in audit fees over FY 2021 was less than the year-over-year inflation rate in 2022 of 6.5% defying predictions that fees could rise to accommodate higher salaries in a profession where there is a shortage of qualified accountants , the Financial Times noted. in the U.S., Overall, total fees reached $6.76

audit 105

audit auditor accounting firms Tax 105

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

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 116

auditor audit tax return cpas 116

Going Concern

JUNE 29, 2022

The hardworking human beings at Audit Analytics have released their analysis of initial public offering trends and IPO auditor market share for the first quarter of this year , a period in which the number of companies going public was minuscule compared to Q1 of 2021. of all IPOs in 2021 and nearly 83% of SPACs.

audit 105

audit auditor New York financial statements 105

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. public companies more than doubled in 2020, according to the 2021 U.S.

auditor 52

auditor accounting jobs accountant jobs accounts jobs 52

Going Concern

FEBRUARY 3, 2023

We are here to talk about how Hindenburg sniffed out Adani’s audit firm and what it found. From the report: The independent auditor for Adani Enterprises and Adani Total Gas is a tiny firm called Shah Dhandharia. 435 in 2021) in monthly office rent. Shah Dhandharia seems to have no current website.

audit 124

audit auditor accounting firms Government 124

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 111

auditor audit New York CPA 111

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? I want to be very clear: The PCAOB will not tolerate exam cheating nor any other unethical behavior, period.

CPA 105

CPA auditor Tax audit 105

Going Concern

JULY 17, 2023

It’s understood PwC’s ex-CEO Tom Seymour was the highest-paid partner at the firm in the 2021-2022 financial year, with a salary of between $4.45 Also this: How the big four accounting firms infiltrated governments, earning more than $10b over a decade while taxpayers are in the dark : They’ve been described as an infestation.

Account 96

Account accountant accounted auditor 96

CPA Practice

FEBRUARY 23, 2024

Grant Thornton’s India arm and an Australian audit firm also received penalties from the PCAOB. The biggest fine was given to top 25 accounting firm Withum, which was docked $2 million on Feb. 21 for “pervasive” quality control violations found in its audits of special-purpose acquisition companies (SPACs) in 2020 and 2021.

audit 69

audit auditor Tax accounting firms 69

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 104

Technology Colorado audit cpa firm 104

CPA Practice

MAY 2, 2023

accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. Paula Laurenti, Key Accounts Manager at SAPRO.

cpas 69

cpas auditor accounting firms accounting and finance 69

CPA Practice

MAY 11, 2023

Accounting firms have faced a volatile profession in the past year as teams struggled with burnout while staff shortages increased, regulatory changes caught firms off guard – increasing compliance and security concerns – and tax laws became increasingly more confusing for clients and CPAs alike. By James Paille, CPP.

Account 119

Account accountant accounted payroll 119

ThomsonReuters

JUNE 15, 2023

Increased focus on ESG There are a number of issues and challenges around ESG that tax and accounting firms need to consider. Auditors are having to expand the scope of their work as ESG is increasingly under the scrutiny of stakeholders and investors. Here is a brief summary of the top five: 1.

audit 96

audit auditor Education Tax 96

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 98

audit auditor Louisiana cpas 98

CPA Practice

MAY 15, 2023

However, the 46 IPOs is lower than the 85 completed in Q1 2022 and significantly smaller than the 407 in the first quarter of 2021, the analysis revealed. Compared to Q1 2022 , total proceeds dropped 72%, continuing the IPO malaise that has occurred since the surge of companies that went public in 2020 and 2021.

auditor 52

auditor audit accounting firms Account 52

Going Concern

DECEMBER 5, 2022

In an article for CoinDesk , Francine McKenna took a crack at why the FTX debacle happened, and like she always does when there ’s really bad accounting at a company going through a financial crisis, who are/were the auditors: It’s not clear why FTX commissioned two different audit firms to audit its 2020 and 2021 financial statements.

audit 52

audit auditor financial statements public accounting 52

CPA Practice

APRIL 15, 2023

One of the Big Four accounting giants in the U.S., Following a split, EY would have been able to advise companies for which it also acted as auditor. member firm to Project Everest, we are stopping work on the project.” Today’s Big Four accounting firms, ranked by 2022 revenue Deloitte: $59.3 billion PwC: $50.3

audit 92

audit auditor accounting firms Account 92

Going Concern

OCTOBER 20, 2023

TowerBrook and Eisner plan to continue acquiring regional accounting firms or partnerships. Brentwood-based LBMC, a business consulting and financial services firm, will welcome Louisville-based accounting firm Strothman & Co under its family of companies. This move, effective Nov.

CPA 111

CPA quickbooks Real Estate auditor 111

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. Auditors Fire Messy Municipal | 4.29.22

auditor 52

auditor audit Account accountant 52

CPA Practice

FEBRUARY 28, 2023

Significant hurdles remain, however, when it comes to providing consistent, comparable and high-quality sustainability information for investors and lenders, Some 95% of large companies reported on ESG matters in 2021, the latest year available, the IFAC-AICPA & CIMA study found. The current report includes data from 2019-2021.Full

auditor 80

auditor cpas Government accounting standards 80

Going Concern

NOVEMBER 30, 2022

The report makes clear that complaints are up compared to 2021 [ 2021 report ] because people are back in the office together doing complaint-worthy things which they weren’t doing as much of during fiscal 21: We have seen an increase in misconduct and disciplinary complaints in FY22. We’ll take their word on that.

accounting degree 111

accounting degree auditor Start-ups accounting firms 111

Going Concern

SEPTEMBER 1, 2022

It wasn’t until 2015 that a woman became CEO of a Big 4 accounting firm for the first time. 65% of new graduate new hires hired into accounting/finance functions of U.S. CPA firms are white. Starting I couldn’t take the kind of paycut to be a entry level field auditor or tax. Accounting is miserable.

cpas 98

cpas cma Real Estate accounting and finance 98

Going Concern

NOVEMBER 14, 2023

In 2021, PwC Greece agreed to pay $14.9 million to settle a lawsuit brought on by Aegean Marine shareholders who accused the firm of failing to catch a $300 million fraud. Deloitte Greece also got tied up in Aegean Marine’s mess, having audited the company from 2006 through 2015 before PwC dumbly took on this shitty client.

audit 118

audit financial statements auditor accounting and finance 118

Going Concern

FEBRUARY 15, 2023

For example, Adani Enterprises has had 5 chief financial officers over the course of 8 years, a key red flag indicating potential accounting issues. The independent auditor for Adani Enterprises and Adani Total Gas is a tiny firm called Shah Dhandharia. 435 in 2021) in monthly office rent.

audit 116

audit auditor accounting firms Government 116

CPA Practice

SEPTEMBER 14, 2023

Of the more than 860 SPACs that completed initial public offerings in 2020 and 2021, Marcum audited more than 400 of these transactions. The SEC also noted that in 2019, Marcum was the auditor for only 185 public companies, but by 2022, that number jumped to 575—the majority of them being SPACs.

audit 52

audit auditor accounting firms public accounting 52

Withum

SEPTEMBER 8, 2022

Tonight I will conduct my second Auditing class session of this semester at Fairleigh Dickinson University, and I will be teaching what the auditor’s opinion means and what auditors do to arrive at their opinion. By way of illustration, you can pick any Company’s annual report and follow along with its Auditor’s Report.

accounting principles 119

accounting principles auditor audit financial statements 119

Menzies

APRIL 19, 2023

Menzies LLP - A leading chartered accountancy firm. Identifying and Assessing the Risk of Material Misstatement: ISA 315 has been revised for periods commencing on or after 15 December 2021. The key changes are highlighted in this document.

auditor 52

auditor audit chartered accountant accounting and finance 52

Going Concern

FEBRUARY 5, 2024

Financial Advisor says many accounting firms want to get on the wealth management bandwagon “to serve clients better” but of course really “ wealth management practices can be quite profitable when done well. These senior partners are responsible for their firm’s wealth management efforts. ” Guess what?

Account 64

Account accountant accounted auditor 64