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Monday Morning Accounting News Brief: Firms Fight Back on Public Metrics; A Rejection or a Blessing? | 1.6.25

Going Concern

Business Insider wrote up a PCAOB report that discusses culture at the top six firms: Accounting firms have been making more errors, but bosses are split on whether remote work is to blame 64% of respondents said that improving work-life balance for firm personnel improves audit quality.

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ESOP Accounting Firm CEO Talks Some S**t About PE-Backed Firms

Going Concern

More than one-fifth of respondents (21%) described the culture of their firm as family-like, and a further 17% as traditional, which may not be seen as a natural fit for PE investment. In “Choosing your accounting firm: why ownership matters” he writes: The accounting industry is currently at a crucial crossroads.

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AICPA News – July 2025

CPA Practice

Ujjwal Ahluwalia (Montana), a graduate of University of Delhi with a Bachelor of Commerce (Honors), and a Chartered Accountant from The Institute of Chartered Accountants of India, is employed with American Express in Gurugram, India. accounting and finance industry.

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The rising need for ESG Assurance: A crucial step in corporate accountability

Menzies

Menzies LLP - A leading chartered accountancy firm. It mirrors the concept of financial audits but focuses on non-financial metrics, such as carbon emissions, diversity metrics, or governance practices. It involves a more thorough investigation into the underlying data, systems, and processes used to prepare ESG reports.

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Friday Footnotes: Auditors Can Prevent Fraud With Fibbing; AI Rollup Accounting Firms Are So Hot Right Now | 6.20.25

Going Concern

The research explored how different audit strategies influence managers’ decisions to commit or conceal fraud. This would discourage a concentration of audit assignments with only a few senior partners at accounting firms and curb any anti-competitive conduct, he indicated.

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Case study: Touchlight Genetics Limited

Menzies

Menzies LLP - A leading chartered accountancy firm. Menzies were approached by Touchlight to support the company with a broad range of accounting and tax services. However, as Touchlight prepared for their audit, several technical and operational challenges emerged.

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Companies House reform timeline under the Economic Crime Act 2023

Menzies

Menzies LLP - A leading chartered accountancy firm. Overview Companies House has released the intended timetable for reforms under the Economic Crime and Corporate Transparency Act (2023). These timelines depend on Parliamentary progress and may be subject to change.