article thumbnail

Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

Former employee of Chattanooga accounting firm speaks out [ Local 3 ] A former employee of Croft and Frost is speaking out following the accounting firm’s shutdown that cost him and his coworkers their jobs. That compares with the $1.6 billion the company generated for all of 2022. Williams said in a news release.

audit 105
article thumbnail

Monday Morning Accounting News Brief: EY Partners Banging the Client Again; Turnstile Data Shows Staff DGAF About RTO | 1.29.24

Going Concern

But clients seek delivery of specialized services from the CPA firms knowing that they will be provided within an existing framework of quality, professionalism, discipline, and control. Tupperware hired the Big Four auditor on Jan. 5 letter from district administrator Joe Phillips to Chief Auditor Joris Jabouin.

auditor 52
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

CPAClub Launches CPA Matchmaking, Opens Membership Model to Private and Public Companies

CPA Practice

Innovative Solutions for Modern Challenges Corporate accounting and internal audit departments are navigating an increasingly complex and high-pressure business environment. As standards evolve and regulatory demands intensify, the competition for skilled accountants, advisors and auditors has reached new heights.

CPA 40
article thumbnail

Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Top Remote Accountants of the Week | March 21, 2024 Practice The worst of times: Issues in accounting in 2024 [ Accounting Today ] It’s a great time to run an accounting firm — except for how hard it is. What Role Should Auditors Play in Corporate Compliance?

Minnesota 110
article thumbnail

Accounting Expertise In C-Suite Can Compromise Financial Reports

PYMNTS

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

auditor 51
article thumbnail

UK Accounting Giants Reserve $212M For Possible Fines

PYMNTS

The collapses raised concerns that auditors failed to detect financial troubles in corporates’ books — and ignited a debate over whether auditors are responsible for discovering potential signs of impending collapse, or even fraud. Now, auditing giants are bracing for even more fines. Insolvency Service.

auditor 52
article thumbnail

UK Auditing Market Pressure Grows With Parliamentary Probe

PYMNTS

Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated by the Big Four accounting firms Deloitte, PwC, EY and KPMG, adding new pressure on an industry already being probed by other policymakers. Reports in Reuters on Sunday (November 11) said the U.K.

audit 49