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When a Bank Fails, People ‘Lose Faith’ in the Auditors

Going Concern

bank customers — find it difficult to trust auditors when those auditors have been associated with a failed bank. His new article, “The Role of Audit Firms in Spreading Depositor Contagion,” argues that depositors perceive bank failure as an audit failure, which reduces their assessment of auditor credibility.

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Research: Seniors Give Better Review Comments If They Think the Staff Will Stick Around

Going Concern

The paper “ Coaching Today’s Auditors: What Causes Reviewers to Adopt a More Developmental Approach? ” was published in Volume 112 of the journal Accounting, Organizations and Society and authored by Lindsay M. Schaefer (University of Missouri – Kansas City).

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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations. More than the number, auditors are exiting big names, which used to be a rarity.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

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. While the average mean salary for accountants in the U.S.

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Monday Morning Accounting News Brief: Gen Z Ruins Accounting; EY Hammers Out Some Deets; Internal Control Controversy | 12.05.22

Going Concern

Scupin Professor at the University of Kansas School of Business. They assume since management is doing the internal control evaluation themselves, the auditor opinion does not matter. On Monday, the exchange also announced that it was engaging with the accounting firm Mazars to provide a third-party “factual findings” report.

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Monday Morning Accounting News Brief: Identical Twins Head to Deloitte; TWO PwC Leaks; VA Tackles 150 | 5.15.23

Going Concern

But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA? The plaintiffs also asserted claims against FTX’s accounting firms, Armanino LLP of San Ramon and Prager Metis CPAS, Inc. Is it time to reimagine how we prepare CPAs for an increasingly evolving profession? of New York.

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Friday Footnotes: Deloitte’s Naughty Workpapers; Audit Reform Critics; Clients Getting Dropped Like Mics | 3.4.22

Going Concern

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? Meanwhile on Twitter, our friend Sam Antar is still roasting the KPMG auditors (well, technically Peat Marwick) who let the Crazy Eddie fraud slip through their horny little fingers: Two hookers and an auditor. Antar (@SamAntar) March 4, 2022.

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