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

Going Concern

EY subsequently assigned a different partner to perform the role of lead audit partner with respect to the audits and concluded that no changes to the previously issued financial statements for the applicable years are necessary. Get in there KPMG, now’s your chance.

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The accountant's advantage over technology in fraud prevention

Accounting Today

Accountants who grasp these behavioral dynamics are better equipped to lead businesses through the emotional and operational challenges of building stronger defenses. The modern accountant must blend technical precision with behavioral insight. Accountants are not merely financial technicians; they are protectors of economic integrity.

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Inside GASB's far-reaching agenda

Accounting Today

In late 2023, GASB issued Statement 102 , "Certain Risk Disclosures," requiring state and local governments to provide financial statement users with information about specific risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. That is effective for 2025 financial statements."

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AICPA News – July 2025

CPA Practice

Jason Bramwell Mergers and Acquisitions July 7, 2025  Ascend Adds Accounting Firms in New York, North Carolina Ascend has expanded its presence on the East Coast by adding two more accounting firms to its platform—Tronconi Segarra & Associates in Williamsville, NY, and BGW in Charlotte, NC—effective July 1.

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Navigating the new quality management standards: What your firm needs to know 

ThomsonReuters

Set to take effect, in part, on December 15, 2025, the new Quality Management Standards (QMS) provide guidelines that enhance the quality of services accounting firms deliver. SQMS 1 SQMS 1 addresses the firm’s system of quality management. What are the Quality Management Standards (QMS)? 1 — December 15, 2025 SQMS No.

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New GASB Members Named

CPA Practice

Prior to joining the city of Brookfield, he served in similar financial management positions for Milwaukee Area Technical College and the cities of Franklin and Cedarburg, Wisconsin. Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche.

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Upcoming Changes to FRS: What They Mean for the Hospitality and Leisure Sector

Menzies

Menzies LLP - A leading chartered accountancy firm. The Financial Reporting Council (FRC) has announced significant amendments to FRS 102, the UK’s principal accounting standard for small and medium-sized entities.