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Big 4 Firms Fight Against Metrics That Would Reveal the Workloads Behind the Curtain

Going Concern

Training Hours for Audit Personnel. Experience of Audit Personnel. Average number of years worked at a public accounting firm (whether or not PCAOB-registered) by senior professionals across the firm and on the engagement. Retention of Audit Personnel (firm-level only). Allocation of Audit Hours.

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AICPA Sends Strongly Worded Letter Urging the SEC to Reject the PCAOB’s New Metrics Rules

Going Concern

As reported by Journal of Accountancy last week , the AICPA has asked the SEC not to approve the PCAOB’s new Firm and Engagement Metrics rules approved by the audit regulator in November. Training Hours for Audit Personnel. Experience of Audit Personnel. Retention of Audit Personnel (firm-level only).

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When Is the Right Time to Leave Public Accounting?

Going Concern

When I started in public accounting, one of the audit partner s I worked with shared the elevator metaphor: working in public accounting is like riding an elevator—the longer you stay on, the higher up you will go. Think about auditing. Audit partner s ? When should you leave? A bsolutely. Same thing.

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Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices. Practice Management Vision, Mission and Values: The Missing Links in Most Firms Strategic Planning [ INSIDE Public Accounting ] Small firms arent doing it.

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The AICPA Gets Around to Looking Into If This Whole Private Equity Thing Requires New Independence Rules

Going Concern

That Worries Some Regulators” gives us a look at how the separation of audit and non-audit is happening at one firm: Accounting firm Cherry Bekaerts leadership team discusses organizational matters, often involving the audit business, weekly with Parthenon Capital Partners, the private-equity firm that took a stake in the Raleigh, N.C.

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AuditFile Announces Acquisition of Advantage Audit from Wiley

CPA Practice

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner.

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Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

The report also recommends that these private firms be limited to 400 partners, and that they be prevented from offering both audit and non-audit work – like consulting services – to the same client. It’s free!

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