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PCAOB Gives Chinese Audit Firm the Boot Over Rules Violations

CPA Practice

The Public Company Accounting Oversight Board (PCAOB) revoked the registration of a Chinese audit firm on Nov. First, on multiple occasions, the accounting firm failed to timely report the participants in its issuer audits on PCAOB Form AP, in violation of PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants.

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CPA Firms Are No Longer Full of CPAs

Going Concern

Just weeks after the profession got in a tizzy about private equity-owned firms telling staff to remove CPA from their email signatures and, in some cases, LinkedIn profiles , INSIDE Public Accounting has dropped figures on the average number of staff with CPAs at the hundreds of public accounting firms that report their data to IPA.

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EY Gets Caught Up in Independence Violations Because Audit Partner Rotation Is For Chumps

Going Concern

In another failure to rotate case, EY was fined £500,000 by the Financial Reporting Council in April for exceeding the maximum ten year engagement period for audits of a Public Interest Entity (PIE) without renewal via a qualifying public tender on another client, Stirling Water Seafield Finance.

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Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

She wrote that the local firm needed to comply with a set of remedial actions or face suspension, or expulsion, from the global network. ” The new office will employ a team of 15 by the end of the year, with all positions in the Boca office staffed by accounting professionals, Goldberg said.

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Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

Owners of Public Accounting firms are always telling their clients to work on their business and not in their business, yet many times do not take their own advice. It is possible to run an Accounting Firm and never do tax returns or financial statements! May 11, 2021 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm GMT.

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Corporate Transparency Act FAQs

ThomsonReuters

business environment by enhancing transparency and accountability. The CTA, which was passed in 2021 and became effective on January 1, 2024 , is designed to reveal the actual ownership of companies operating in or accessing the American market. law enacted in 2021, aimed at enhancing transparency in business ownership.

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Professionals on the Move – July 2025

CPA Practice

Schneider Downs), one of the 60 largest certified public accounting and business advisory firms in the United States, recently announced the addition of new shareholders to its ownership group. The firm also announces the addition of one new partner to its affiliate, Schneider Downs Wealth Management Advisors, LP.