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When a Bank Fails, People ‘Lose Faith’ in the Auditors

Going Concern

Are bank failures bad PR for the firms that audit them? bank customers — find it difficult to trust auditors when those auditors have been associated with a failed bank. Via KU (Kentucky University) News : The word “audit” has a different meaning depending on whether you’re an individual or a bank.

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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

The hiring will be for higher-graded revenue agents, which are specialized technical positions that generally focus on audits. This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations.

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

Going Concern

Deloitte considers Russia pull out as pressure grows on western firms to exit [ Financial News ] Deloitte is considering pulling out of Russia, becoming the first Big Four audit firm to do so as pressure grows on Western companies to cut ties with the country following its invasion of Ukraine. Antar (@SamAntar) March 4, 2022.

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

The financier accused Disney/Fox of self-dealing with FX, Hulu and Disney+, said its revenue began to shrink and that an audit it commissioned showed breaches of contract. The demand for reporting to better understand a company’s performance and related risks is being coupled to technology to accelerate change in the audit profession.

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Monday Morning Accounting News Brief: Gen Z Ruins Accounting; EY Hammers Out Some Deets; Internal Control Controversy | 12.05.22

Going Concern

Controversial internal control audit improve operational efficiency for small firms, study finds : “Regulators keep exempting more firms from complying with internal control audits because of the costs,” said Chan Lin, the C.A. Scupin Professor at the University of Kansas School of Business. That’s why it’s controversial.”.

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Professionals on the Move – Dec. 2023

CPA Practice

Bennett is a Certified Fraud Examiner and a member of the American Bar Association Institute of Internal Auditors, Institute for Internal Controls and the Association for Corporate Growth. These 128 men and women represent communities from across the country.

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Monday Morning Accounting News Brief: Identical Twins Head to Deloitte; TWO PwC Leaks; VA Tackles 150 | 5.15.23

Going Concern

” Deloitte legal troubles in Australia : Zip Co and its auditor, Deloitte, faces a class action filed by Banton Group, with the law firm suggesting the buy now, pay later operator contravened ASX listing rules and the Corporations Act, along with consumer law. .” We can tell you one thing; they won’t be separated. “We’re

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