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In the Trenches: My Three Least Favorite Audit Rooms

Going Concern

Audit rooms come in all shapes and sizes—usually small, often windowless, sometimes with chairs you can actually sit on, and almost always as far away from the finance/accounting department as possible. After eight years in public accounting, I have loads of unforgettable audit room experiences. Here are just a few.

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Grant Thornton and Five Other Firms Got Coal in Their Stockings From the PCAOB

Going Concern

The PCAOB added six audit firms —three international, including a KPMG affiliate, and three in the U.S., These six firms must have forgotten to do that or something and, as a result, were fined and censured by the PCAOB: KPMG Samjong Accounting Corp. – $30,000 civil money penalty and censure.

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Monday Morning Accounting News Brief: EY Partners Banging the Client Again; Turnstile Data Shows Staff DGAF About RTO | 1.29.24

Going Concern

Accounting Ranks First In Something Good For Once More 2. We are in the midst of a transformation, if not a revolution, whereby the role of an “accountant” is no longer confined to ledgers and balance sheets, but extends to realms previously unimagined. To No One’s Surprise Except the AICPA’s, AICPA Membership Is Falling 4.

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Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes

CPA Practice

government by hiding millions of dollars in Swiss bank accounts and lying to the IRS about his foreign assets for decades, according to federal authorities. bank accounts and real estate properties. Three years later, the IRS began auditing Rotta after obtaining evidence of unreported foreign financial accounts.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

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Professionals on the Move – Dec. 2023

CPA Practice

Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Teresa Barton, Utah Farooq Bawa, Ill. Amie Fuller, Utah Michelle Gillespie, Pa. He earned his bachelor’s degree in business administration from the Principia College and completed accounting courses at the University of Missouri (St.

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Friday Footnotes: EY Doesn’t Regret a Return to Office; Consulting Cut Backs; AI Will Not Replace Accountants | 8.11.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting and advisory firm Grant Thornton trimmed about 3% of its ranks in June. What drew you to the field of accounting?

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