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Monday Morning Accounting News Brief: Capping Busy Season Hours FTW; Open the Books on Audit Firms? | 4.15.24

Going Concern

The audit opinions they issue typically have meaning and value because the firms operate with public trust. In the public company audit arena, this transparency is maintained through PCAOB inspections of auditors. In the public company audit arena, this transparency is maintained through PCAOB inspections of auditors.

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Tuesday Morning Accounting News Brief: EY and PwC Get a New Scandal; Stop Trying to Make Sexy Accountants Happen | 1.16.24

Going Concern

thanks to increasing demand for these skilled professionals across several industries, including finance, health care and government. The Big Four firms, which audited the Post Office during the period affected by the Horizon IT scandal, are expected to be among those questioned in the sixth phase of the Williams Inquiry this summer.

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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. Following is a summary of the key areas of comment.

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Friday Footnotes: Why Private Equity Loves the Profession; A Very Naughty KPMG Employee; WTF PwC Guy | 4.5.24

Going Concern

Finance ] Aitzarelys Negrón, certified public accountant (CPA) and founder of Strategies and T.E.A., At that firm, I was an external auditor for almost five years, and in the final year, I was working in our Financial Accounting Advisory Services group.” The 2021-22 audit was due to the state on Oct. Watch this space.

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Friday Footnotes: How Much Big 4 Spent on Lobbying Last Year; Super Bowl Bets; CFOs Feeling Good | 2.9.24

Going Concern

The Use Of AI By Financial Executives And Their Auditors [ Forbes ] Artificial Intelligence (AI) is starting to have the capabilities to improve both financial reporting and auditing. However, both companies and audit firms will only realize the benefits of AI if their people are open to the information generated by the technology.

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Working in the Big Four seems to be more limited to just like, CFO or chief finance type roles.” Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., Verrett said he relied on advice from his track teammates, many of whom went into investment banking or consulting.

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Friday Footnotes: PwC Partners Get Played; Bad Accounting on the Rise; Getting to the Bottom of the Shortage | 9.1.23

Going Concern

The survey investigates discerning areas of opportunity and education for firms and finance departments that offer innovative approaches and leading practices that can be used to address staffing shortages everywhere. EY Assurance teams now process over 775b lines of journal entry data each year, as part of the EY digitally transformed audit.

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