When accounting goes unaccounted for
Actually, if you're in to this sort of thing, it could make for some pretty interesting reading. We pointed to a couple of reports this morning (and there are more) out there on the Board's criticisms of the two firms, so we won't repeat them here. The most notable thing seems to be each firm's response to the report. KPMG went with the standard three-paragraph boilerplate letter that promises that they'll suck less at auditing in the future. 2011_KPMG_LLP_US
Has it been awhile since we've discussed an egregious independence violation committed by an audit […]
The Financial Education & Research Foundation (FERF) has released the findings of its 14th Annual […]
Now that you’ve enjoyed the extra hour of tomfoolery thanks to the time machine known as daylight savings time, it’s back to reality.
For auditors working on SEC filers, this means seeing less daylight from now until…well, yeah. The good news is that there’s only one week until the filing deadline for accelerated filers’ 3rd Quarter 10-Qs. For those of you on the non-accelerated types, you’ve got an extra week which could be a lifesaver or just a way to prolong…the…agony.
The bitch of the thing is that for those of you that are/will be going down to the wire, the deadlines fall on Mondays which means your weekend will likely consist of a slumber party at the client’s digs.
So for those of you that live and die by the calendar year SEC deadlines, discuss your Q3 and if it’s business as usual or if your engaging in the standard quarterly rhetoric about how you’re finding a new job right after the Q is filed.