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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

“Our team will continue to grow as we strengthen our South Florida operations,” he added. .” “Our team will continue to grow as we strengthen our South Florida operations,” he added. However, the town claims it is not able to act on one of the recommendations by auditors.

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PCAOB sanctions Florida firm over audit violations

Accounting Today

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors for violating its rules and standards.

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Friday Footnotes: Burner Phones For Big 4 Firms; Mandatory Unpaid Leave Rumors; CISOs Hate on CPAs | 12.1.23

Going Concern

Local accounting firm acquires longtime Orlando CPA company [ South Florida Business Journal ] One of the largest accounting firms in South Florida acquired a longtime Central Florida CPA company. Some folks aren’t fans of CPAs edging in on their territory it seems. “Yeah, CPAs and the AICPA.

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PCAOB Fines Florida-Based Firm L&L CPAs $75,000 for Auditing Blunders

CPA Practice

The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines.

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Monday Morning Accounting News Brief: The Age of the Non-CPA; PwC Explains the Chevron Thing | 7.29.24

Going Concern

Here they talk about the changing face of accounting firms : While the profession is taking a concerted, multi-pronged approach to increasing the number of accounting graduates and prospective CPAs, IPA 100 firms have had to pivot due to the small pool of potential hires in the meantime. The percentage of non-CPA professionals was 50.3%

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Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

Thanks to the widespread distribution efforts, 7,780 accounting students, graduates, and young professionals under the age of 35 who were pursuing or had pursued accounting degrees and careers—including CPAs and non-CPAs—completed the survey, including 3,287 full- or part-time students. TL;DR It’s about time!

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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

Except in the case of 90s rapper beefs, Tupac and Biggie were equally popular stars whereas in this case the AICPA encompasses the entirety of the profession in the United States versus Minnesota CPAs and the society that serves them. CPAs would need to hold multiple licenses and incur additional expenses.