accounting firms audit auditor Sports 
Going Concern
MARCH 31, 2023
Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. John King and Frank Mahoney, senior U.S.
CPA Practice
MAY 15, 2024
The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. And following dire budget conditions during and following the pandemic, states have greatly increased their sales tax audit activity.
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CPA Practice
APRIL 12, 2023
A talent shortage is affecting accounting firms across the demographic spectrum. Each year fewer accountants enter the profession while more CPAs near retirement. According to the Association of International Certified Professional Accountants, the number of U.S. Audit directors and managers work 295.
Going Concern
MARCH 11, 2024
New York Times wrote a piece on people who bet on the Oscars and included this bit: Because the outcomes of sports games are unknown before the matches, allowing bets on them is considered less risky than bets on awards shows, whose results are decided in advance. Who watches the watchmen—or, in Fortune 500 terms, who audits the auditors?
Going Concern
DECEMBER 22, 2023
Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. Outsourcing would also reduce pressure on Evelyn Partners’ head office in London, with the firm understood to be struggling to find space for workers amid expansion efforts.
Going Concern
SEPTEMBER 15, 2023
Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. Following is a summary of the key areas of comment.
Going Concern
APRIL 21, 2023
Professor Laura Empson of Bayes Business School retells how these audit firms were beguiled by the glamour and big fees of corporate advisory work. The withdrawal is “catastrophic,” said Miranda Meginness, Marion’s auditor. Performance-related separations (a.k.a. It’s hard for us to figure out how to go forward.” KPMG faces $1.4-billion
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