Remove accounted Remove audit Remove auditor Remove Mississippi
article thumbnail

Monday Morning Accounting News Brief: Semper Fi-nancial; EY Gets a D in Auditing; Deepfake CFOs Are a Thing | 2.26.24

Going Concern

Marine Corps passed a full financial audit for the first time, with the service announcing Friday its fiscal 2023 financial audit received an “unmodified audit opinion” after a rigorous two-year review. The US audit watchdog also inspected four EY Canada audits in 2020 and found deficiencies in half the engagements.

audit 59
article thumbnail

Friday Footnotes: Big 4 Culture Gets Slammed Again; Audit Leads the Way in AI; Small Firm Gripes | 11.10.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. “Financial reporting leaders, but also investors, regulators, and other stakeholders in the capital markets expect AI to drive audit quality. .

audit 120
Insiders

Sign Up for our Newsletter

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

article thumbnail

Friday Footnotes: Screw the Office; Auditor Sues EY For Doing Her Job; IRS Levels Up | 9.16.22

Going Concern

EY fired auditor for not approving illegal transactions, says a new lawsuit [ Reuters ] Ernst & Young LLP has been sued by a former partner who says she was forced out of her job for refusing to sign off on client transactions that violated tax and securities laws. Accounting Firm M&A. PwC HK, KPMG to host U.S. Marvin & Co.

auditor 97
article thumbnail

Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The gap widens again at the upper levels.

audit 111
article thumbnail

Monday Morning Accounting News Brief: PwC Didn’t Screw Up the Oscars; Deloitte India Doubles in Size; ‘Sham Audits’ | 3.13.23

Going Concern

EY’s US boss Julie Boland blindsided the global leadership when she announced in a webcast to US partners on Wednesday that the plan would be put on “pause” to resolve an international row over how much of the tax practice would stay with EY’s core audit business. PwC is the accounting firm that tabulates the votes.

audit 52
article thumbnail

Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

Financial advisory company AlixPartners was chosen for the task and is led by former Securities and Exchange Commission (SEC) chief accountant Matt Jacques, according to a Dec. Accounting, tax audit, and business advisory firm BDO is investing €5m in a new office as it creates 100 new jobs. 7 report from the Wall Street Journal.

CPA 97
article thumbnail

Friday Footnotes: Accountants Are Into AI; KPMG Atlanta MP on ICE T; 150 Hour Inequity | 8.18.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. In total, the audit reportedly suggested that 20th Century underpaid TSG “by at least $40 million.” . The accounting firm said it will challenge the finding. “We PwC Will Appeal $65.5

Account 98