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Friday Footnotes: EY Partners Are Split on the Split; PCAOB Further Annoys Auditors; Recruiting Events Are Back! | 3.31.23

Going Concern

auditors who believe their part of the firm could end up weakened by a deal. EY executives, have emerged as key opponents to the firm’s plan for a worldwide split of its auditing and consulting arms, according to people familiar with the matter. John King and Frank Mahoney, senior U.S. He previously held various tax roles at KPMG.

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How to enhance the audit experience

Menzies

Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly. The annual audit is occasionally considered as a commodity purchase. Financial reporting council (FRC) The FRC is planning to tighten its ethical standards further to improve audit quality.

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The SEC Did Not Appreciate Crowe UK Putting Total Noobs on the Audit of a Shady Company

Going Concern

LLP, its CEO Nigel Bostock, and senior auditor Matthew Stallabrass for the firm’s deficient audit of music streaming company Akazoo Limited. Cue the public exclaiming “where were the auditors!?” issued a clean audit report of Akazoo’s 2018 financial statements. A couple days ago the SEC charged Crowe U.K.

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Modernizing tax management in an omnichannel retail landscape

ThomsonReuters

Tax professionals involved in omnichannel retail industries face an unprecedented number of challenges these days. Calculating sales tax across different retail channels is complex due to various regulations, frequent changes in product data, and outdated systems, especially with increasing sales volume and shrinking budgets.

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SEC Fines Crowe U.K. $750,000 For Poor Auditing of Music Streaming Service

CPA Practice

arm of accounting firm Crowe LLP, its CEO, and a senior auditor settled charges with the Securities and Exchange Commission on Aug. 14 over various mistakes the firm made during its 2018 audit of music streaming company Akazoo. issued a clean audit report of Akazoo’s 2018 financial statements. The SEC said Crowe U.K. Crowe U.K.’s

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Sales Tax Issues for Online Retailers

Withum

This landmark decision attempted to level the playing field between brick-and-mortar and remote online retailers. . Thus, the state legislature that sets the rules for sales tax for online retailers at the state level is implementing them locally also. The post Sales Tax Issues for Online Retailers appeared first on Withum.

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Friday Footnotes: KPMG UK Pay Freeze; PwC Canada Layoffs; EY Bailing on Office? | 11.24.23

Going Concern

The shortage is also not limited to tax accountants but extends to those involved in financial planning, auditing, and other accounting tasks​​. This situation is especially burdensome for middle-market companies, which rely heavily on accurate financial reporting and auditing​​.

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