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

Going Concern

DECEMBER 8, 2023

Audit SEC approves new PCAOB audit confirmation standards targeting fraud [ CFO Dive ] The Securities and Exchange Commission has approved a new standard tightening the requirements for auditors when confirming details of an audit, including verifying with a third party assertions made by a client in a financial statement.

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cpas Account accountant accounted 105
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Friday Footnotes: How EY Fights Poaching; Lack of Staff Is Closing Doors; Accounting to Biglaw? | 11.25.22

Going Concern

NOVEMBER 25, 2022

The Financial Reporting Council’s Audit Quality team has issued a notice of a proposed sanction on Deloitte, proposing a regulatory penalty of £440k after it was determined that the Big Four firm failed to comply with the auditing framework in its audit of a listed company’s 2018 financial statements.

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audit Account accountant accounted 93
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