Going Concern
APRIL 9, 2024
Fresh academic research has found that audit seniors are more likely to offer better constructive feedback and coaching to their juniors via review comments if the seniors think they’ll be working with that staff again. The paper “ Coaching Today’s Auditors: What Causes Reviewers to Adopt a More Developmental Approach?
Going Concern
OCTOBER 11, 2022
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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Going Concern
APRIL 12, 2024
ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? the auditor of Tesla Korea, about the company’s financial statements for last year.
Going Concern
SEPTEMBER 18, 2023
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.
Going Concern
MARCH 4, 2022
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.
Going Concern
JANUARY 19, 2024
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.
Going Concern
DECEMBER 5, 2022
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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