article thumbnail

Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Big Four Audit Giants Shut Down Legal Operations in China Following ‘Regulatory Raids’ [ Law.com ]. The Big Four auditing giants have quietly shut down their legal affiliations in China following intense regulatory scrutiny, according to an investigation by Law.com International, in a major development for Asia’s legal industry.

auditor 97
article thumbnail

Top Remote Accountants of the Week | May 2, 2024

Going Concern

FTE Accountant | Candidate ID #16071602 Certifications: NA Education: BA Accounting in progress Experience (years): 7+ years of overall experience Work experience (detail): Currently with a public accounting firm Services 15+ monthly clients and 75+ quarterly clients Team leadership and work review experience Prepares 100+ returns during tax season (..)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The PCAOB Is Stoked Congress Gave Them Permission to Pick On China Now

Going Concern

Haoxin”), a mainland China-based registered public accounting firm, and four of its associated persons for violations that include issuing a false audit report, failing to maintain independence from their issuer client, and improperly adopting the work of another accounting firm as their own. Haoxin violated the U.S.

audit 62
article thumbnail

The Pivotal Role of Audit Professionals in AI Integration

CPA Practice

Auditors, who by nature and training have extensive experience examining financial statements, evaluating control systems and identifying discrepancies, are ideally suited to navigate this complexity. Auditors’ proficiency in validating data ensures the reliability and accuracy of financial information.

audit 114
article thumbnail

PCAOB Proposal Would Require Audit Firms to Disclose a Variety of Metrics

CPA Practice

Some public accounting firms voluntarily disclose certain firm-level information publicly through their annual audit quality and transparency reports. Most of the information would be made available to the public, but some would be available to the PCAOB only for oversight, the board said.

audit 52
article thumbnail

Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

Investors may use this method if they are trying to reduce tax liabilities in a legal manner. Long-term Tax Planning – This type of planning is utilized at the beginning of the financial year. It is important to invest in tax-saving tools at the beginning of a financial year. This can save you from legal liabilities.

article thumbnail

Monday Morning Accounting News Brief: ‘Auditors Are Not Lawyers’; Big 4 Break Up? | 7.31.23

Going Concern

Related: PwC settled ‘false LPP’ penalties days before bid to suppress emails [ Australian Financial Review ]: The Tax Office signed a confidential settlement with PwC in March involving the firm’s false claims for legal professional privilege over 150 documents related to tax advice to a multinational client.

auditor 98