Remove 2022 Remove cpa firm Remove public accounting
article thumbnail

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.

audit 111
article thumbnail

Friday Footnotes: CPAs Disappearing From CPA Firms; Grant Thornton Tries to Win Grant Thornton | 7.11.25

Going Concern

Public Accounting Trends Data Reveals The CPA License Is Losing Ground [ INSIDE Public Accounting ] The CPA credential remains a cornerstone of the profession, but new data indicate its prominence is steadily declining. Act of 2022 (Division T of the Consolidated Appropriations Act, 2023, P.L.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Going Concern

The report also recommends that these private firms be limited to 400 partners, and that they be prevented from offering both audit and non-audit work – like consulting services – to the same client. This would be a big blow for firms such as PwC which, in 2022, received more than $79 million in fees from Macquarie Group alone.

Florida 98
article thumbnail

The AICPA Gets Around to Looking Into If This Whole Private Equity Thing Requires New Independence Rules

Going Concern

The AICPA Code of Professional Conduct has had robust protections in place regarding outside investment in CPA firms for more than 25 years. Only licensed CPA firms can provide attest services, with clearly defined firewalls required for investors taking a piece or outright control of an entity that provides only non-attest services.

audit 90
article thumbnail

Passion, vision and hard work: Inside Jeff Weiner's success

Accounting Today

Public accounting is a team sport. Public accounting is clearly a baseball team. Theres vision for you as an individual and then theres vision for your firm. You or at what point did you know you wanted to be managing partner of a CPA firm? But lets talk a little bit about the vision for yourself.

article thumbnail

Friday Footnotes: EY Toilet Cleaners Protest Pay; People Feel Some Type of Way About CPA Limitations | 6.13.25

Going Concern

The move appears to raise further questions over the governance and financial health of the company, which has attracted a string of negative headlines after its controversial sacking of 786 mainly British ferry workers in 2022 – whom it then replaced with low-cost agency staff from countries including India, the Philippines and Malaysia.

CPA 52
article thumbnail

The Parallel Problems of Public Accounting & Major League Baseball

CPA Practice

The Houston Astros won the 2022 Major League Baseball World Series on November 5, and ready or not, spring training will kick off the 2023 season when pitchers and catchers report on February 14. Let’s look at some of the parallel problems facing both public accounting and MLB. By Chris Vanover. Shifting demographics.