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auditor Related Topics 
Withum
SEPTEMBER 8, 2022
Tonight I will conduct my second Auditing class session of this semester at Fairleigh Dickinson University, and I will be teaching what the auditor’s opinion means and what auditors do to arrive at their opinion. All auditor’s reports are substantially similar in wording.
RogerRossmeisl
SEPTEMBER 6, 2021
In other words, your business can use the same guides to gain insight into what IRS auditors know, and what the IRS is looking for in terms of compliance with tax laws and regulations. The post What IRS Auditors Know About Your Business Industry appeared first on Roger Rossmeisl, CPA.
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Going Concern
SEPTEMBER 30, 2022
Today in Auditors Not Doing Their Jobs, the SEC has charged RSM, three senior-level employees who work there, and a couple partners with improper professional conduct for failing to properly audit Revolution Lighting Technologies Inc.’s
Going Concern
JUNE 22, 2022
The PCAOB adopted a new audit standard yesterday (AS 1206, Dividing Responsibility for the Audit With Another Accounting Firm ) to ensure that lead auditors are properly supervising the outside auditors they use. PCAOB “Other Auditors” project page [ PCAOB ].
FraudFiles
SEPTEMBER 20, 2021
Simply because there is a fraud, a business failure, or a pyramid scheme collapse, the auditors are not necessarily at fault. The auditors may have carried out their professional responsibilities exactly as they should have, but they still did not uncover the fraud.
Going Concern
SEPTEMBER 28, 2022
Add to that the issue of baby boomer retirements and an entire class of auditors who were trained by Zoom at the beginning of the pandemic now reaching the point where they are expected to train associates below them despite they themselves still struggling and…well.
Accounting Today
AUGUST 17, 2022
Outsourcing Technology Audit
Accounting for Good
APRIL 27, 2022
The post How to choose a not for profit auditor first appeared on ACCOUNTING FOR GOOD
Accounting Today
AUGUST 12, 2022
Tax planning Tax audits Biden Administration IRS Tax
Going Concern
SEPTEMBER 16, 2022
EY fired auditor for not approving illegal transactions, says a new lawsuit [ Reuters ] Ernst & Young LLP has been sued by a former partner who says she was forced out of her job for refusing to sign off on client transactions that violated tax and securities laws. Big 4.
Accounting Today
JUNE 23, 2022
Accounting firm services M&A Audit Audit preparation
PYMNTS
JUNE 10, 2019
Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting. In 2018 under 100 checks were impacted but the internal auditors aren’t sure how many got through before 2018. Bank Regulation anti money laundering rules Anti-Money Laundering auditor auditors banking checks Deutsche Bank fraud News What's Hot
FraudFiles
DECEMBER 28, 2020
Often, the blame is cast in the direction of the auditors. The auditors are an easy target. Not only do they usually have professional liability insurance policies to fall back on, the auditors initially seem like the logical culprit.
Going Concern
AUGUST 3, 2022
The post Here’s How Much Auditors and Consultants at Deloitte Australia Make appeared first on Going Concern. Deloitte Australia is putting it all out there and revealing exactly how much its people make.
Going Concern
AUGUST 12, 2022
Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules.
Going Concern
JUNE 29, 2022
With the EY cheating scandal making headlines even outside of our precious little accountosphere we decided to take a look at the full SEC order to answer the question — how and why were EY auditors cheating on CPE exams? The post How Exactly Did EY Auditors Cheat on CPE Exams?
PYMNTS
JULY 2, 2020
As the fallout from Wirecard ‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). The Auditor’s Role.
Accounting Today
MAY 13, 2022
Audit CPAs PwC Audit preparation
Going Concern
JULY 14, 2022
Check out this Big 4 auditor recently profiled on eFinancialCareers. I’m an auditor for a Big Four firm. The post Working 60-70 Hours a Week is ‘Fine’ Says Underpaid Big 4 Auditor Skilled in the Art of Minimizing appeared first on Going Concern.
FraudFiles
JUNE 6, 2022
When companies change auditors, it can signal a few different things. The firm that audits a company’s financial statements is very important. Audited statements are used by shareholders, lenders, and other interested parties to make decisions about the company and its future.
PYMNTS
AUGUST 7, 2019
Former ASIC Chairman Greg Medcraft warned that declining audit quality runs the risk of high-profile corporate collapses, pointing to the Enron scandal that went undetected by auditors — described as the “gatekeepers” that “facilitate trust,” Medcraft said. Auditors are not skeptical enough. He suggested that more competition, not tougher regulation, is key to keeping auditors in check and keeping auditing standards elevated.
Going Concern
SEPTEMBER 26, 2022
Career Center Sponsored Content Technology Auditors Exit opps FloQast Jobs public accounting experienceThe post Here’s Your Sign From the Universe to Find a Better Opportunity appeared first on Going Concern.
FraudFiles
JANUARY 4, 2021
Even with all the publicity surrounding the issue of financial fraud in the last twenty years, most auditors, investors, and other professionals still do not “get it” when it comes to detecting fraud. Auditors examine a very small percentage of transactions. Inexperienced Auditors.
Going Concern
MAY 27, 2022
Splitting auditing and consulting: EY auditors fear a pay cut [ eFinancialCareers ] Many auditors also aspire to move out of audit and into jobs in the more lucrative consulting arms. The post Friday Footnotes: EY Gets Extra Empathetic; Broke KPMG Partner Sues; Auditor Pay Cuts?
FraudFiles
AUGUST 11, 2021
What the chief accounting officer (Stiehl) did amounted to “auditor selection process improprieties.” Basically, independence is a core attribute that auditors must have.
Going Concern
MAY 5, 2022
On top of the overall pipeline issue, we’ve heard grumblings of auditor shortages for years. With all that in mind, I thought I’d pull some numbers from the two most recent AICPA Trends reports to compare 2019 to 2021 and see if new hire demand lines up with an auditor shortage.
Intuitive Accountant
AUGUST 17, 2022
Member firms gain exclusive access to a seasoned team of AICPA and PCAOB auditors through a transformative talent model
Accounting Today
SEPTEMBER 7, 2022
International accounting China Audit SEC PCAOB
Going Concern
JUNE 28, 2022
The SEC has fined EY a record $100 million after an investigation revealed auditors at EY were cheating on ethics exams (open book ethics exams we presume) and CPE; worse than cheating alone, they actively tried to cover it up and hide the cheating from the SEC. Well this is bad.
Going Concern
AUGUST 25, 2022
The city of Palo Alto, CA is looking for a new city auditor after its last one, Kyle O’Rourke, resigned from his role at Baker Tilly on August 15. Palo Alto launches search for new city auditor [ Palo Alto Weekly ]. Here’s one for you.
CPA Practice
JUNE 22, 2022
The Public Company Accounting Oversight Board (PCAOB) voted unanimously to amend current auditing rules and introduced a new standard on June 21 pertaining to an audit firm’s use of so-called “other auditors” who lend a hand during the course of an audit.
Going Concern
AUGUST 22, 2022
PwC is being sued by a 28-year-old auditor who claims he suffered a serious head injury after attending a work event that involved an “excessive” drinking game of pub golf. The post Monday Morning Accounting News Brief: PwC Auditor Hurt; Deloitte Tops a List; EY Writes the Treasury | 8.22.22
PYMNTS
JULY 19, 2020
In April, one day before the delayed report was published, EY auditors told Wirecard of their concerns with how the third-party business was presented.
PYMNTS
FEBRUARY 7, 2019
USA Technologies’ shares lost roughly 45 percent of their value on Thursday in intraday trading after an SEC filing by the firm revealed that RSM US LLP, the firm’s auditor, resigned over concerns tied to financial reporting by the company. In the meantime, USA Technologies said in the same filing that it will seek to have a new independent auditor in place as soon as “practicable.”.
PYMNTS
JANUARY 2, 2020
Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.
PYMNTS
AUGUST 8, 2019
As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., Grant Thornton is expected to divest Sports Direct as a client next month amid rising concerns over the company’s accounting practices, with the auditor separately announcing plans to take a “line by line” review of its clients. the Financial Times reports that the conglomerates are gearing up to offload some of its riskiest corporate clients.
Going Concern
APRIL 1, 2022
ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned.
Going Concern
APRIL 29, 2022
Less work for EY auditors? Scarred by its role as auditor to fraudulent payments group Wirecard, the Big Four firm has searched its soul (more thoroughly than it searched Wirecard’s books) and this week announced “the most comprehensive process of change in its more than 100-year history”.
PYMNTS
JANUARY 10, 2019
Auditors of the European Union said Thursday (Jan. According to the report, auditors said that the EU has only been able to get back about 15 percent of the misused funds. The auditors found that misused EU funds totaled 391 million euros or $451 million in 2017, in line with the past four years, but the EU’s anti-fraud investigative office OLAF was only able to indict EU member states in 45 percent of cases.
PYMNTS
MAY 28, 2019
Reports said the FRC also intends to heighten its scrutiny of auditor governance and leadership, risk mitigation processes, control and overall behavior. financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. The U.K.
PYMNTS
AUGUST 5, 2019
According to a report in The Sydney Morning Herald , National Australia Bank’s outgoing chairman Ken Henry and other executives held discussions last week with its independent auditor, Ernst & Young , about the shortcomings in the bank’s risk management. EY has been the bank’s independent auditor for 13 years. But Australia’s banks have defended the decision to shell out millions of dollars to independent auditors for additional consulting work.
PYMNTS
JUNE 18, 2020
Wirecard has postponed publication of its 2019 annual report after disclosing that its auditor can’t confirm the existence $2.1 billion in trust accounts — or about a quarter of the value on the company’s books.
Going Concern
MARCH 16, 2022
The regulator already has auditor independence rules etched in stone that prohibit audit firms from providing non-audit services to an audit client, including its affiliates, such as: Bookkeeping. But as we all know, auditor independence rules are a farce.
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