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Financial Accounting Foundation Appoints Hillary H. Salo Vice Chair of the Financial Accounting Standards Board

CPA Practice

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that Hillary H. Salo, whose five-year term on the Financial Accounting Standards Board (FASB) begins July 1, 2024, will serve as the board’s vice chair upon the start of her term.

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Friday Footnotes: They Really Screwed Up That PCAOB Cheating Thing; Better Not Get Burned Out; Uber of Audits | 3.8.24

Going Concern

District Court for the Southern District of New York said. The accounting firm’s former executive director has already served her eight month prison sentence and supervised release term. When conducting the fiscal year 2021 audit of Tingo, Inc., KPMG has built up a large business auditing U.S.

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Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22

Going Concern

The following is a discussion of what I have found to be the most common reasons why people leave public accounting. Audit committee disclosures increase, right along with workload [ Journal of Accountancy ]. The Pentagon Can’t Count: It’s Time to Reinvent the Audit [ War on the Rocks ].

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Friday Footnotes: PwC in Trouble?; A Backwards Accountant; Audit Committee Musical Chairs | 1.13.23

Going Concern

Audit Committee Composition Changing Amid Expanded Scope and Emerging Risks, According to New Report from Deloitte and the Center for Audit Quality (CAQ) [ PR Newswire ]. provides insight into shifting oversight priorities and practices related to audit committee composition. Former President Donald J.

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FASB Taps EY Partner as New Technical Director

CPA Practice

The Financial Accounting Standards Board (FASB) on March 20 appointed a longtime veteran of Big Four firm EY to the role of director of technical activities. Jackson Day, who is currently a partner in professional practice at EY, will begin his new role at the FASB this July. chief accountant.

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Friday Footnotes: Deloitte’s Naughty Workpapers; Audit Reform Critics; Clients Getting Dropped Like Mics | 3.4.22

Going Concern

Deloitte considers Russia pull out as pressure grows on western firms to exit [ Financial News ] Deloitte is considering pulling out of Russia, becoming the first Big Four audit firm to do so as pressure grows on Western companies to cut ties with the country following its invasion of Ukraine. Antar (@SamAntar) March 4, 2022.

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

Going Concern

Day Named Technical Director of the Financial Accounting Standards Board [ FASB ] The Financial Accounting Standards Board (FASB) on March 20 announced the appointment of Jackson M. Mr. Day will begin his new duties at the FASB this July. Movers and Shakers Jackson M. Louis, Missouri.