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Grant Thornton and Five Other Firms Got Coal in Their Stockings From the PCAOB

Going Concern

The PCAOB added six audit firms —three international, including a KPMG affiliate, and three in the U.S., These six firms must have forgotten to do that or something and, as a result, were fined and censured by the PCAOB: KPMG Samjong Accounting Corp. – $30,000 civil money penalty and censure.

Utah 62
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Professionals on the Move – Dec. 2023

CPA Practice

Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Teresa Barton, Utah Farooq Bawa, Ill. Amie Fuller, Utah Michelle Gillespie, Pa. He earned his bachelor’s degree in business administration from the Principia College and completed accounting courses at the University of Missouri (St.

Iowa 52
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Monday Morning Accounting News Brief: EY Partners Banging the Client Again; Turnstile Data Shows Staff DGAF About RTO | 1.29.24

Going Concern

An FBI investigation was initiated in December 2021 after an accounting firm was hired to liquidate a client’s property upon his death in 2020 and found the piece of art. Tupperware hired the Big Four auditor on Jan. 5 letter from district administrator Joe Phillips to Chief Auditor Joris Jabouin.

auditor 52
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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. Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000.

Minnesota 106
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In the Trenches: My Three Least Favorite Audit Rooms

Going Concern

Yes, the fire code probably would have limited the room to three , maybe four , people , but we stuffed eight auditors in there. No surprise — the entire team left the firm as soon as the audit ended. I remember arriving at a fracking company’s office, which was really a large warehouse, in rural Utah for an audit.

audit 62
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Friday Footnotes: EY Doesn’t Regret a Return to Office; Consulting Cut Backs; AI Will Not Replace Accountants | 8.11.23

Going Concern

MCM is the Southeast region’s eighth-largest accounting service provider based on Accounting Today’s Top 100 Firms ranking with ~370 employees and approximately $72 million in annual revenue. Also, the report said, the whereabouts of as many as 168 cartridges from a processing center in Ogden, Utah, are unknown.

Account 95
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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

For public accounting firms in Minnesota: Minnesota public accounting firms, no longer being able to practice freely across state lines, would need to provide advance notice and gain a practice permit before signing any client engagement agreement or providing any public accounting service. [Ed.