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Tuesday Morning Accounting News Brief: CPA Numbers Are Abysmal; PwC Blocked Government Inquiry | 5.30.23

Going Concern

The number of people taking CPA exams in 2022 was just over 67,000, down from 72,000 in 2021 and short of the institute’s forecast of 74,000, according to a note in AICPA’s annual report published this month. Details shared among the AICPA’s governing council showed that even that figure was flattered by candidates from overseas.

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Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

FRC chair promises new boardroom audit rules for UK companies [ Financial Times ] The UK accounting regulator’s new chair has warned that the government’s decision to drop extra oversight rules for company boards to tackle audit failure was a “missed opportunity”. appeared first on Going Concern.

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UK Accounting Watchdog Ramps Up Fines

PYMNTS

The FRC issued fines totaling $19 million against PricewaterhouseCoopers (PwC) and KPMG last week, while the regulator also sent KPMG an unprecedented warning that its auditing processes are subpar. Scrutiny of the FRC ramped up earlier this year, following a government probe into the collapse of contractor Carillion.

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Friday Footnotes: Look What You Did, PwC; No Lakehouse This Year; India Wants Its Own Big 4 | 5.3.24

Going Concern

That PwC Thing Senate caravan not moving on from PwC [ The Mandarin ] Accounting firm PwC Australia has still a lot of work to do before it can move on from the tax leaks scandal, according to two members of a Senate committee looking into government procurement.

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Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

Going Concern

An expert in ethical finance in City’s Department for International Politics, Atul’s research focuses on finance, accounting, corporate governance and regulation. I am fortunate to have been raised in a tradition and culture of ethical accounting,” he says. It’s time the ‘Big Four’ were given what for, says Chris Blackhurst.