Remove 2026 Remove auditor Remove financial statements
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EY Gets Caught Up in Independence Violations Because Audit Partner Rotation Is For Chumps

Going Concern

After a review, EY concluded that it was not in compliance with the SEC’s auditor independence rules for the audits of the applicable years. ” Really inspires confidence in those financial statements Shell worked so hard to keep neat and tidy. Get in there KPMG, now’s your chance.

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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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New GASB Members Named

CPA Practice

With over 35 years of professional experience auditing, reviewing, and preparing local government financial statements, he brings both a technical and practical understanding of the role accounting plays in advancing transparency and accountability in government.” Prior to becoming a state auditor, Ms.

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The PCAOB Will Be Further Up Auditors’ Asses in 2024

Going Concern

Assuming no one but select audit partners actually read this crap, let’s take a look at how auditors should expect increased vigilance in 2024 so everyone can be better informed and stock up on KY. You’ve been warned, auditors. ” And God forbid you people not file a Form 3 in a timely manner or YOU WILL BE PUNISHED.

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Friday Footnotes: PwC Isn’t Getting a Redemption; Just Say No to NOCLAR; Oh, Layoffs? | 3.15.24

Going Concern

through September 2026, a spokesperson confirmed. The NYT report’s focus was that private auditors from large firms failed and consistently missed child labor law violations. Auditors moved quickly and left before children arrived for overnight shifts, or they were not sent where minors worked.

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Friday Footnotes: BDO Blows It; PwC Blazes a Trail in New Audit Fines; Using AI For Tax Research | 8.16.24

Going Concern

Projections indicate a growth in employment opportunities for accountants and auditors, while roles focused on bookkeeping and data entry are expected to decline. This shift is largely due to the integration of AI and automation technologies, which streamline routine tasks and open up opportunities for auditors to engage in higher-value work.

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Friday Footnotes: If There’s AI in Your Job, There May Be More Money; Audits Make Clients Anxious; Who You Calling an Unsexy Sector!? | 5.24.24

Going Concern

“Considering we have a state budget just over $50 billion and the multiple errors we identified were in excess of $718 billion, it’s clear this additional level of review is vital to ensure we have accurate financial reporting,” Republican Auditor Scott Fitzpatrick said in a statement announcing the report.

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