article thumbnail

Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

Today the EY organization has announced new technology capabilities and a global Artificial Intelligence (AI) Assurance framework for EY professionals as part of a multi-year, technology driven audit transformation program which is supported by plans to align approximately 9,000 Technology Risk professionals to the Assurance service line.

audit 95
article thumbnail

Here’s How Mid-Tier Accounting Firms Are Feeling About Private Equity and M&A

Going Concern

As mentioned in this week’s news brief, the Institute of Chartered Accountants in England and Wales (ICAEW) put together a snazzy little report on the state of mid-tier firms based on a survey of managing partners. Aspiring retirees with their practices on the market may prioritize a culture match over a quick sale.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Friday Footnotes: How to Add ChatGPT to Excel; RSM Wins Awards; Auditor Independence Pitfalls | 4.7.23

Going Concern

Client warns consultants about using ChatGPT-like bots for proposals [ Australian Financial Review ] Consulting firms risk misrepresenting what their firms can and cannot do when using artificial intelligence chatbots to develop sales proposals, a procurement specialist has warned. Castillo faces up to 20 years in prison and a $250,000 fine.

auditor 101
article thumbnail

Tuesday Morning Accounting News Brief: Getting Roofied at KPMG?; PwC: ‘Burnout Should Be a Concern’ | 9.5.23

Going Concern

Also from AFR, Big 4 firms earn almost 100% of top companies’ audit fees : The big four accounting firms earned 99.3 per cent of audit fees paid by Australia’s 200 largest listed companies last year, a proportion described as “to be expected” in any competitive market. PwC, Deloitte, KPMG and EY audited 96.5

Account 62
article thumbnail

Loan-based Crowdfunding: P2P agreements vs non-P2P agreements

Menzies

Menzies LLP - A leading chartered accountancy firm. The FCA Handbook also sets out in SUP 3 that a client money audit will be required. Includes sales of registered securities, investment into property (through an SPV for example) and Debt-based securities such as a bond or debenture. Essentially, CASS 7.10.7A

article thumbnail

Monday Morning Accounting News Brief: EY Partners Banging the Client Again; Turnstile Data Shows Staff DGAF About RTO | 1.29.24

Going Concern

PricewaterhouseCoopers LLP, which had audited the direct-sales company since 1995, told the company in October that it didn’t want to continue. According to EY, she resigned as partner and never worked on the Asda audit. Tupperware hired the Big Four auditor on Jan. 24, it said in a Monday securities filing.

auditor 52
article thumbnail

Accountex Summit Manchester programme released

Accounting Insight

Learn how to run your practice as if it is ready for sale even if you have no immediate plans to sell yet. And discover the steps you can implement to increase the value of your practice.