Going Concern

MARCH 1, 2024

pic.twitter.com/FQcm4AXSdg — Barbara Pocock (@BarbaraPocock) February 27, 2024 Chartered Accountants mistakenly let ex-PwC partner avoid investigation [ Financial Review ] Speaking of Peter Collins, AFR is still on the beat like a tick on a dog’s ass. Are federal IT systems supporting the targeted service outcomes?

audit

Going Concern

DECEMBER 1, 2023

Chartered* accountancy? Chartered Accountancy. Then an auditor will come in and charge as much as we do and only do one-tenth of the work. I am not a fan of governing bodies like AICPA that up-charge services that are subjective, but they push as binary, black and white. [ Forbes ] This is an ad, right?

cpas

Going Concern

FEBRUARY 23, 2024

Advice What I did next [ Deloitte ] Deloitte alumnus Aaron Westgate talks about teaching accounting. Q: What advice would you give your student working on their first project as qualified auditor? Too many times, I have seen people treat others ‘because that’s the way I was treated’.

CPA

Going Concern

APRIL 28, 2023

A recent ban on PricewaterhouseCoopers’ former head of international tax, Peter Collins, acting as a tax practitioner – for attempting to profiteer from confidential information about government plans to combat tax avoidance – has achieved the rare feat of uniting Australia’s warring political parties.

New Jersey

Going Concern

JULY 17, 2024

In the King’s Speech today, King Charles says (timestamped below) “bills will be brought forward to strengthen audit and corporate governance” in the UK. What this means is that the Financial Reporting Council (FRC) will be replaced with the Audit, Reporting and Governance Authority (ARGA).

audit

Going Concern

NOVEMBER 18, 2022

Bam is a chartered accountant and an outstanding South African. Meanwhile, Deloitte affiliates are at number 3 with 141 clients and Grant Thornton Bharat LLP associates have taken the fourth spot with 87 audits, as per the study of auditors of all listed companies. After 1,600 auditors combed through DOD’s $3.5

Technology

Going Concern

JULY 29, 2024

All this time we thought it was going to be robots that take accounting jobs, it was Indians all along. Oh and reminder: the Institute of Chartered Accountants of India (ICAI) is working on a plan to consolidate India’s 96,000 little accountancy firms into mega-firms that they think could compete with Big 4 on the global stage.

CPA

Going Concern

FEBRUARY 9, 2024

Australian authorities allege PwC is ‘deliberately hiding’ tax scandal report [ Financial Times ] Australian authorities alleged in a senate inquiry into a PwC tax scandal that the accountancy firm is “deliberately hiding” a report detailing how leaked government information was used outside the country.

Technology

PYMNTS

JUNE 20, 2018

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

institute of chartered accountants

Going Concern

FEBRUARY 16, 2024

Bill would let private CPAs, not state auditor’s office, audit state agencies [ Radio Iowa ] Senator Mike Bousselot, a Republican from Ankeny, IA seems to think letting CPA firms audit government books instead of the state auditor will fix the accountant shortage somehow?

Real Estate

Menzies

JANUARY 20, 2023

Menzies LLP - A leading chartered accountancy firm. Menzies are often appointed by the Finance Directors of large companies and groups to work alongside their existing auditors. We can also carry out a ‘PAYE health check’ to ensure your systems are compliant and to mitigate your risk of HMRC visits.

Finance

Going Concern

MARCH 25, 2022

The new publication includes some observations from PCAOB staff about how firms are leaning on such providers and suggests procedures for auditors to follow as they plan and perform audits. Deloitte revenue from federal government contracts for calendar year 2021 as reported to AusTender amounted to $265.3 PCAOB Spotlight PDF here.

tax return

Menzies

FEBRUARY 23, 2023

Menzies LLP - A leading chartered accountancy firm. The Charity Commission has recently complained that the standard of reporting on Reserves and Reserve Policies in charity accounts is alarmingly poor with less than a quarter of charities reviewed properly understanding what reserves are.

chartered accountant

Going Concern

JANUARY 20, 2023

Under rules introduced in 2016, large UK-listed companies are required to change auditor at least every 20 years and to run a competitive tender once a decade. Germany’s Commerzbank sues EY for Wirecard losses [ Reuters ] The German lender Commerzbank (CBKG.DE) is suing accounting firm EY over the 200 million euros ($216.12

auditor

Going Concern

APRIL 7, 2023

[ Wall Street Journal ] A tap story from WSJ says accountants and writers are among the jobs that could be most affected by AI tools (*gulp*) Big 4 March people moves: KPMG, Deloitte, PwC make senior hires [ AccountancyAge ] Musical chairs across the pond. and overseas” seeking further explanation about the auditor’s opinion.

auditor

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

tax preparation

Going Concern

OCTOBER 4, 2024

SEC Charges Olayinka Oyebola and His Accounting Firm With Aiding and Abetting Massive Fraud [ SEC ] The Securities and Exchange Commission charged Olayinka Oyebola and his Public Company Accounting Oversight Board-registered accounting firm, Olayinka Oyebola & Co. companies that Mmobuosi controlled (the Tingo entities).

Tax

Going Concern

JANUARY 5, 2024

An expert in ethical finance in City’s Department for International Politics, Atul’s research focuses on finance, accounting, corporate governance and regulation. I am fortunate to have been raised in a tradition and culture of ethical accounting,” he says. Shah, Visiting Lecturer at City, University of London.

tax return

Going Concern

FEBRUARY 2, 2024

The directors of an auto parts business have claimed before the High Court that an accountant has allegedly hired convicted criminal Martin ‘the Viper’ Foley to collect a disputed debt of approximately €19,000 from them. Tax How One Small Click Led To Big Headaches For A Tax And Accounting Firm [ Forbes ] It started with an email.

audit

Menzies

FEBRUARY 18, 2025

Menzies LLP - A leading chartered accountancy firm. 24 th November 2024 The government confirmed it will proceed with legislation to bring crypto assets into FCAs perimeter. The UK is attempting to position itself as a reliable place for cryptoasset entities to do business.

auditor

Going Concern

DECEMBER 30, 2024

7: Mother Pens Letter Calling Out EY After Her Overworked Daughter Suddenly Passed Away at 26 (September 17) After a 26-year-old Chartered Accountant working for EY India died in July, her mother accused the firm of basically working her daughter to death in a letter to EY India Chairman and Regional Managing Partner Rajiv Memani.

chartered accountant