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

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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: New Managers Share Wisdom; KPMG Praised??; PwC Creeps Leave | 7.22.22

Going Concern

Global Rulemakers Say It’s Time to Fix Goodwill Accounting [ Bloomberg Tax ] The International Accounting Standards Board said Thursday that it would decide whether to change the rules covering acquisition accounting at its next meeting. At Mazars, three of eight audits reviewed (38 percent) met the same threshold.

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Friday Footnotes: Disengaged Team? Do This; Deloitte’s Huge India Expansion; Auditors Yelled At…Again | 3.24.23

Going Concern

Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm. EY, KPMG and the fallout of two accounting scandals [ Financial Times Opinion ] It is not just shareholders that have become ever more cautious in the wake of one of Europe’s largest accounting scandals.

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Monday Morning Accounting News Brief: EY Wants to Buy; Losers Dump NFTs For Tax Purposes; CPA Demand in 2031 | 1.9.23

Going Concern

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

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Paul Munter to Take Over as SEC Chief Accountant

CPA Practice

As chief accountant, Munter will continue to lead the Office of the Chief Accountant and serve as the principal advisor to the SEC on accounting and auditing matters. I look forward to continuing to support work that improves the quality of financial reporting and auditing domestically and internationally.