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Friday Footnotes: PwC Partners Get Played; Bad Accounting on the Rise; Getting to the Bottom of the Shortage | 9.1.23

Going Concern

Audit Battle lines drawn over auditors’ role in combating fraud [ AccountancyAge “Patisserie Valerie pushed the issue of auditor responsibility [for fraud detection] to the fore after so many accounting scandals. Patrick did not provide copies of the accurate returns that had in fact been prepared by her accounting firm.

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Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

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 US Audit Board Urged to Aid ESG Validation With Updated Rules [ Bloomberg Tax ].

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Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

Don’t feel bad, MY job ranked #3 most exciting and I assure you it absolutely is not, I write about accounting after all. “I 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.

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Friday Footnotes: Deloitte’s Naughty Workpapers; Audit Reform Critics; Clients Getting Dropped Like Mics | 3.4.22

Going Concern

Mike McLenehan told 680 CJOB that the COVID-19 pandemic has added to tax season stress for many, as more people are working from home than ever before and trying to navigate the process — which may have included skipping meeting with tax experts due to pandemic safety concerns. Antar (@SamAntar) March 4, 2022.

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Friday Footnotes: Client Hid ‘Damning’ Audit; Predictions for the Profession; Accounting Firm Gets Compromised | 4.15.22

Going Concern

Accounting watchdog investigates Deloitte over Go-Ahead audits [ The Guardian ] One of the UK’s biggest accounting firms, Deloitte, is under investigation by regulators for its audits of Go-Ahead, after the bus and rail operator was embroiled in a scandal for wrongly withholding £50m of taxpayers’ money. As a result, U.S.-based

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Guide to accountant responsibilities

ThomsonReuters

Working with external auditors. Examining financial documents and financial transactions to ensure compliance and rectify any discrepancies. Preparing tax returns. Requirements to become a CPA Those accountants interested in becoming a CPA must earn at least a bachelor ’ s degree and pass a state licensure exam.

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Friday Footnotes: EY Partners’ Snazzy Secret Meeting; PwC Talks Layoffs; Merger Mania! | 8.19.22

Going Concern

Financial details of the transaction weren’t disclosed in the news release or in announcements on the Moss Adams website and in a trade publication. Regulator Requires Audit Firms, Individual Auditors to Apply to Join New Register [ Wall Street Journal ] The U.K. Audit: U.K.

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