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Monday Morning Accounting News Brief: Living in Mom’s Basement; OnlyFans Tax Investigations; Finance vs. Accounting | 12.12.22

Going Concern

Today we learn that Arkansas is not being hit with the accountant shortage as bad as other states : In Arkansas, the decline is not as severe. Marcum CIO Peter Scavuzzo on audit disruption : “I think we are in for another transformation in the audit space.

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Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

“I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week. PCAOB Spotlight PDF here.

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Friday Footnotes: EY Partners’ Snazzy Secret Meeting; PwC Talks Layoffs; Merger Mania! | 8.19.22

Going Concern

Audit Watchdog Fines KPMG Korea for Quality Control Failures [ Wall Street Journal ] The Public Company Accounting Oversight Board on Tuesday fined KPMG LLP’s Korea unit $350,000 for failing to set up adequate quality controls to prevent improper changes to work papers. audit watchdog’s latest enforcement action against a non-U.S.

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