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

Going Concern

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? Meanwhile on Twitter, our friend Sam Antar is still roasting the KPMG auditors (well, technically Peat Marwick) who let the Crazy Eddie fraud slip through their horny little fingers: Two hookers and an auditor.

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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. The missing cartridges contain a mix of tax information about individuals and businesses. At least 8,500 microfilm cartridges that were supposed to be transferred from Fresno, Calif.,

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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

Paul McNab, formerly tax partner for 22 years, is challenging a key clause in the firm’s retirement plan that denies pension payments to partners – which are worth around $140,000 a year – if they leave to work for a “major competitor”. In the middle of a busy tax season, it would only take a few seconds—and just one click.

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