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When a Bank Fails, People ‘Lose Faith’ in the Auditors

Going Concern

bank customers — find it difficult to trust auditors when those auditors have been associated with a failed bank. His new article, “The Role of Audit Firms in Spreading Depositor Contagion,” argues that depositors perceive bank failure as an audit failure, which reduces their assessment of auditor credibility.

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Research: Seniors Give Better Review Comments If They Think the Staff Will Stick Around

Going Concern

The paper “ Coaching Today’s Auditors: What Causes Reviewers to Adopt a More Developmental Approach? Schaefer (University of Missouri – Kansas City). Abstract of “Coaching Today’s auditors: What causes reviewers to adopt a more developmental approach?”

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? the auditor of Tesla Korea, about the company’s financial statements for last year.

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What was new in September for state sales and use taxes

TaxConnex

Auditors reported problems with the Louisiana Sales and Use Tax Commission for Remote Sellers. Kansas businessman James Morey, 68, of Lawrence, pleaded no contest to two counts of theft related to sales tax. Overall sales tax collections remain above pre-pandemic baselines in most states, even if the rate has slowed. Blue bayou.

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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

” Interested individuals in the financial services industry — such as tax accountants, forensic accountants auditors, controllers and treasurers — can learn more and apply through the job announcement. More than the number, auditors are exiting big names, which used to be a rarity.

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

Going Concern

Meanwhile on Twitter, our friend Sam Antar is still roasting the KPMG auditors (well, technically Peat Marwick) who let the Crazy Eddie fraud slip through their horny little fingers: Two hookers and an auditor. in Tax Season ‘Chaos’ [ New York Times ] At the Internal Revenue Service’s sprawling Kansas City, Mo.,

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

ICYMI | Get Ready for the Future of Auditing [ CPA Journal ] The increasing use of technology is changing how businesses operate, which methodology and technology auditors use, and what career paths they follow. Arizona Auditors Found $1.8 Arizona Auditors Found $1.8 million from an education program.

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