Remove audit Remove auditor Remove cpas Remove Transportation
article thumbnail

Friday Footnotes: They Really Screwed Up That PCAOB Cheating Thing; Better Not Get Burned Out; Uber of Audits | 3.8.24

Going Concern

Audit SEC Settlement Against Auditing Firm Serves as Reminder of Important Independence Rules [ JD Supra ] On February 29, the Securities and Exchange Commission (the SEC) announced that it settled an administrative proceeding against Lordstown Motors Corps’ former auditor, Clark Schaefer Hackett and Co.

audit 79
article thumbnail

Friday Footnotes: Staffing Disasters; Let’s Rag on EY; A Warning For Tax Practitioners | 4.14.23

Going Concern

Staffing Drama Signal Mountain Won’t Pay Accounting Firm For Extra Work On Audit [ Chattanoogan.com ] Clients are the worst The Signal Mountain Town Council has declined to pay an auditing firm extra money it said was due because of inadequate help from city employees in preparing the annual city audit.

Tax 103
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Friday Footnotes: Client Hid ‘Damning’ Audit; Predictions for the Profession; Accounting Firm Gets Compromised | 4.15.22

Going Concern

For example, the AICPA’s idea of expanding its membership by opening the certified in financial forensics (CFF) certification to non-CPAs runs counter to the exclusivity of the CPA brand. Top Audit Firms in Crosshairs as U.K. There is another way of putting this: Accounting is a profession whose brand has not been diluted.

article thumbnail

Friday Footnotes: Firms Make Progress on Diversity; EY Growth Plan; PIZZA PARTY! | 3.8.22

Going Concern

Polymetal International’s Auditor Deloitte Resigns Citing Russian Operations [ MarketWatch ] Polymetal International PLC said Friday that its auditor Deloitte LLP has resigned with effect from April 7 as it won’t be able to carry out the audit process as most of the company’s assets and operations are in Russia.

Iowa 52
article thumbnail

Friday Footnotes: KPMG Pays High Schoolers 20 Bucks an Hour; Deloitte Cyberattacked Too; IRS on ERC | 7.28.23

Going Concern

The combination of too few professionals and high demand is pushing firm leaders to merge up, outsource tax work and hire non-CPAs, among other strategies. I had some preconceived notions that it’s sitting at a desk,” Kimborough said, about being a CPA. . … The IRS audit rate for large partnerships has dropped to less than 0.5%

article thumbnail

Accounting Firm Names: 1000+ Ideas for Modern Firms

Ryan Lazanis

Financial Consulting Associates Accounting Auditing Venture Professional Tax Consultants Etc. Lengthy names can be challenging to remember, pronounce, and fit into branding materials. Picture yourself as a customer and tell me if you’ll find these names appealing and interesting.

article thumbnail

Friday Footnotes: Firms on India Hiring Spree; PCAOB Heads Overseas; PwC Lets You See Your Family This Summer | 5.6.22

Going Concern

The authors posit that one significant factor driving the gender gap in the accounting profession originates with the Uniform CPA Examination. Accordingly, a discrepancy in CPA exam success would indicate a gender gap that arises early in one’s career. billion claim against Big Four auditor EY for alleged negligence.

auditor 52