CPA Practice

JANUARY 18, 2023

The season and games are longer today, but beyond that, not much else has changed in more than 120 years of professional baseball. After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball.

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CPA Practice

AUGUST 30, 2023

Pretty much overwhelmingly they said it was because you have to have an accounting degree and a CPA, which isn’t true. You don’t have to be a CPA. Firms are looking at non-traditional hires and non-CPAs. But they also overwhelming said it’s boring, it’s stuffy, you do taxes or audit. It’s not glamorous.

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Going Concern

JANUARY 13, 2023

Audit Committee Composition Changing Amid Expanded Scope and Emerging Risks, According to New Report from Deloitte and the Center for Audit Quality (CAQ) [ PR Newswire ]. provides insight into shifting oversight priorities and practices related to audit committee composition.

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Going Concern

SEPTEMBER 15, 2023

At the meeting, the Board will consider issuing for public comment a proposal to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations. The administration did not present a budget for Internal Audit during the hearings. Following is a summary of the key areas of comment.

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Going Concern

JANUARY 26, 2024

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. AI Is your firm keeping pace? How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations.

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Going Concern

MARCH 15, 2024

This was the brave part of the statement PwC boss Kevin Burrowes made on Wednesday as he announced another 366 partners and employees would be cut at the embattled firm to right-size the shrinking business. a company obtains milk from a dairy farm processor; the auditors audit the processor but not the dairy that supplies the milk).

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Going Concern

SEPTEMBER 29, 2023

EY sets up six-way race to lead firm after break-up failure [ Financial Times ] The candidates include the leader of EY’s Canadian business and the heads of its American consulting and financial services practices, said people familiar with the list, setting up multiple challenges to the early frontrunner Andy Baldwin, a longtime Di Sibio deputy.

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