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Professor Accuses Professional Accountant Body of Hoarding Fines Like Smaug Hoards Gold

Going Concern

It appears the Institute of Chartered Accountants in England and Wales (ICAEW) has finally pushed Sheffield University’s Richard Murphy over the edge. The Professor of Accounting Practice at Sheffield’s Management School issued a new report chastising the group for hoarding funds.

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

Going Concern

has hired KPMG LLP to vet its financial statements almost three months after its auditor of 28 years quit amid a tumultuous period for the food storage container business. Tupperware hired the Big Four auditor on Jan. 5 letter from district administrator Joe Phillips to Chief Auditor Joris Jabouin. Randy bunch, those EYers.

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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

The parliamentary scrutiny made household names of high-fliers who had become used to operating under the radar of public opinion or corporate accountability. Racial diversity in accounting has been treated as a “box-ticking exercise”, Atul said to The Mail on Sunday in December, even when professions are a magnet for minorities.

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UK Accounting Watchdog Ramps Up Fines

PYMNTS

The newly aggressive tactics suggest the FRC took note of criticism by policymakers that the regulator was ineffective and “toothless” to address substandard auditing by the nation’s Big Four auditors: KPMG, PwC, Ernst & Young and Deloitte. Meanwhile, other lawmakers have called on the FTC and the U.K.’s