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Friday Footnotes: The IRS Has Another ERC Warning; Non-Big 4 Firms Get Dissed; Is AI Excitement Warranted? | 7.26.24

Going Concern

[ Sustainability Magazine ] Matthew Bell, Global Climate Change & Sustainability Services Leader at EY, explores sustainability in large sporting events ahead of Paris 2024 Olympics. However, it is recognised that unsustainable activities in sports have been contributing to climate change.

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Accounting Fraud Watch: Ex-Wirecard CEO’s Trial, Cronos Gets Smoked, Bad PR for Ex-PR Firm CFO

Going Concern

The electric payments company rocketed to fame in the 2010s, rising to become the country’s most valuable financial firm. But two years ago its auditor, EY, declared it could not find nearly 1.9 and Canadian regulators that accused them of filing inaccurate financial statements. Cronos Group Inc. 24 with U.S.

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In Wake of Coronavirus, Takeovers (And Liabilities) Loom

PYMNTS

We’re referring to transport, of course – and tourism , sporting events and one-off gatherings that are now shuttering. Those mounting costs could make it challenging to meet ongoing operating goals, in a ripple effect that may extend well beyond supply chains , dependent as they are on people gathering together.

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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

Auditors say accountant shortage ramps up work pressure: CAQ [ CFO Dive ] A shortage of accountants has intensified pressure and ramped up workloads for accounting teams at U.S. The new standard will help auditors detect fraud and better protect investors now and into the future,” PCAOB Chair Erica Williams said Monday.

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Monday Morning Accounting News Brief: The Least Amount You’ll Make at Big 4; Carmine Gets a Sword Show | 4.22.24

Going Concern

A retirement celebration that I’ll carry with me forever,” the sports fanatic told his 300,000 followers on LinkedIn. According to the US Office of Foreign Labor Certification data, EY entry-level accountants and auditors earn $54,000 a year and up.

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Why Are EY Clients So Stupid Sexy?

Going Concern

The Telegraph on why EY dropped UK grocery chain Asda: EY has quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief executive Mohsin Issa, The Telegraph can reveal. Filings show she resigned as a partner the day after EY resigned as Asda’s auditor.

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Friday Footnotes: If There’s AI in Your Job, There May Be More Money; Audits Make Clients Anxious; Who You Calling an Unsexy Sector!? | 5.24.24

Going Concern

“Considering we have a state budget just over $50 billion and the multiple errors we identified were in excess of $718 billion, it’s clear this additional level of review is vital to ensure we have accurate financial reporting,” Republican Auditor Scott Fitzpatrick said in a statement announcing the report.

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