article thumbnail

BDO Says It Is No Longer Doing Business In Russia and Belarus

Going Concern

The latest top accounting firm to turn its back on Russia and Belarus is No. The former Russian member firm operates entirely independently under the name of Unicon. We will work to support our clients in fulfilling our legal obligations and commitments. BDO is removing BDO Belarus from its global network.

auditor 64
article thumbnail

Friday Footnotes: Inside PwC Cheating; Audit Market Monopoly; AI Anxiety | 12.15.23

Going Concern

There’s a reason the Big Four firms often schedule key staff up to 3,000 hours annually for hundreds of dollars (or GBP) per hour. More than 3 in 4 employees are concerned about the legal risks, and a similar number are anxious about cybersecurity risks, the findings, released Dec. ” More Media Megadeals in 2024?

audit 111
article thumbnail

Friday Footnotes: A Billion Dollar AI Audit Startup; Oops, All Independence Violations!; Bipartisan Tax Vote | 2.2.23

Going Concern

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. And yet the auditing standards have been going up and there have been very few software solutions and tools built for auditors. And there are the same number of hours to do the work that they have been doing.

audit 122