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EY Gets Caught Up in Independence Violations Because Audit Partner Rotation Is For Chumps

Going Concern

Gigantic UK-based energy company Shell announced yesterday it will be updating its 2023 and 2024 Form 20-Fs “due to EY non-compliance with audit partner rotation rules” after EY UK told them they’d discovered a small audit partner rotation issue for those years.

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Researchers Determine That Big 4 Audit Partners Not Named Michael or Jennifer Are More Likely to Bend the Rules

Going Concern

According to a recent paper in Contemporary Accounting Research , auditors with “uncommon” names are more likely to allow bending of audit standards. That’s not to say these engagement partners are outright committing audit sins, to be clear. more deviation than those done by their commonly named counterparts.

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HCM executive discusses how AI is transforming compliance, auditing, and employee experience

ThomsonReuters

From paper trails to predictive intelligence Takagi identified payroll auditing as one of the most immediate and impactful areas for AI automation. Compliance and strategic decision-making Beyond auditing, AI is proving valuable in navigating the complex world of payroll compliance.

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IRS Audit Defense & Representation: Expert Protection with Mike Habib, EA

MyIRSRelief

Receiving notice of an IRS audit can be one of the most stressful and intimidating experiences a taxpayer faces, triggering immediate concerns about potential penalties, additional taxes, and the complex process ahead. The three primary types of IRS audits each present different challenges and require distinct defense strategies.

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Predicting What’s Next for Firms & Collaboration Tech

Read this whitepaper to understand the evolution of collaboration in audit and tax engagements, its impact on firms, and predict where technology will take collaboration next. What might be more surprising is the speed and scale at which that evolution has taken—and will continue to take—place. Download the whitepaper today!

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Broker-dealer audit deficiency rates remain high

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. Finally, audit engagement deficiencies increased across all firms.

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Audit accelerates

Accounting Today

Technology is driving transformation in audit at an ever-faster pace, says EY's Paul Goodhew.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

ART users have enjoyed: Reduced reconciliations by 10 to 40% Faster close processes Less time wasted during audits Real-time close status updates Ready to take control of your month-end close? Watch SkyStem’s sneak peek into their award-winning account reconciliation software – ART.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Key Takeaways: Understand the hidden risks and limitations of using spreadsheets for lease accounting 🔍 Learn how spreadsheet errors can lead to financial misstatements, compliance violations, and audit nightmares 📝 Discover the benefits of adopting dedicated lease accounting software to streamline your processes and mitigate risks (..)

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Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

If you’ve never had the pleasure of creating a virtual card nor enjoyed the benefits of their approval workflows, automatic syncing to the GL, and continuous audit trail, join us to get up to speed on this increasingly mainstream payment innovation. This webinar will answer the following questions: What is a virtual card?

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The CPA Firm Growth Strategy: From Compliance to Consulting

Speaker: Rita Keller - President of Keller Advisors, LLC

You've worked diligently and have built a glowing reputation grounded in your excellent skills in tax, accounting, and auditing. You're known as the “go-to” person when a client is faced with tax and financial decisions. You have a very successful firm -- but that’s not enough.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Compliance and Risk Considerations ✅ Navigating data-driven finance while staying audit-ready. Forecasting That Works 📈 How AI and predictive analytics can improve financial planning. Master the balance between analytics and action. Register now for exclusive insights!