Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23
Going Concern
DECEMBER 8, 2023
The standard for the auditor confirmation process was adopted by the Public Accounting Oversight Board in September, replacing an interim rule enacted more than 20 years ago. It adjusts to the use of email and other technology widely adopted in recent decades, and bolsters confirmation procedures with the aim of averting fraud.
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