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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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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. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St. chief accountant.

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AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award

CPA Practice

Mitchell Behling (Texas), a graduate of Brigham Young University with a Bachelor of Science in accounting and a Master of Accountancy, is employed with Deloitte in Dallas, TX. Michael Paul Donnelly, Jr.

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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

to Kansas City when a Fresno tax processing center closed in September 2021 have not been found, the report from the government watchdog said. This has been a very successful decision with KPMG doubling in size since then assisting our growing client base in areas including audit services, advisory and business and tax advisory.”

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AICPA News – June 2023

CPA Practice

Mitchell Behling (Texas), a graduate of Brigham Young University with a Bachelor of Science in accounting and a Master of Accountancy, is employed with Deloitte in Dallas, TX. Michael Paul Donnelly, Jr.

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Friday Footnotes: Higher Salaries Lead to Higher Fees; EY Auditors Quit; Senator Rags on Greedy Accounting Firms | 1.27.23

Going Concern

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.

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Friday Footnotes: A Billion Dollar AI Audit Startup; Oops, All Independence Violations!; Bipartisan Tax Vote | 2.2.23

Going Concern

PwC said on Monday that it had identified 129 breaches of independence rules affecting 74 clients and PCAOB inspectors had found a further one themselves while inspecting audit work in 2022. The figures were included in an update to PwC’s audit quality report, published on its website.

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