Remove accounted Remove audit Remove auditor Remove Government
article thumbnail

Kill the Audit Industry, Says Ex-Auditor

Going Concern

In the WaPo opinion pages yesterday one Duncan Mavin, who got his start in the 90s, says the best way to solve the audit industry’s many conflicts is to kill it altogether. He starts the piece summoning the ghost of Enron, as all writers do when discussing what happens when audit goes wrong. billion in global revenue.

auditor 116
article thumbnail

PCAOB Looks to Amend Rule on Auditors’ Liability for Audit Firm Violations

CPA Practice

A proposal issued by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would hold auditors and others more accountable when they negligently, directly, and substantially cause their firm to violate auditing standards.

auditor 115
Insiders

Sign Up for our Newsletter

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

article thumbnail

If You’re Looking For Career Options, Give Government Auditing a Look

Going Concern

note: This post brought to you by the Big Government Auditing lobby. Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. Enter the world of government auditing.

article thumbnail

Common Accounting Mistakes: Government Edition - Issue #12 R&D

SMBAccountant

These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items. Typically it is recorded when the expense is incurred in an R&D expense account.

article thumbnail

Someone Tell Hong Kong There Is Not an Unlimited Supply of Offshore Accountants and Auditors

Going Concern

Hong Kong is suffering from “a serious talent shortage” according to an article today in South China Morning Post and The Hong Kong Association of Registered Public Interest Entity Auditors (PIEAA) says accounting firms should start looking overseas. What a novel idea! We should try that here in the US. What a novel idea!

auditor 98
article thumbnail

The Auditor of Public Accounts Oversight of Virginia Local Governments: Key Takeaways Impacting Your 2023 Audit and Financial Reporting

Cherry Bekaert

Discover our State & Local Government Services. Discover our State & Local Government Services. Contact Us The post The Auditor of Public Accounts Oversight of Virginia Local Governments: Key Takeaways Impacting Your 2023 Audit and Financial Reporting appeared first on Cherry Bekaert.

article thumbnail

Internal Audit Foundation Report Finds Changing Risk Landscape Will Require Shift in Hiring Trends

CPA Practice

The recruitment and hiring landscape for internal audit must evolve to ensure the profession keeps pace with a changing risk environment. According to the report, hiring managers tend to seek recent college graduates who have studied accounting (80%), followed by those from auditing (53%) and business (44%).

audit 111