Regulator Expresses Doubts About an Auditor’s Procedures [NYT]“We take audit quality very seriously,” Tim Ryan, […]
Author: Caleb Newquist
Founding editor, Going Concern.
Footnotes: E&Y Says Alleged Spy Was ‘Welcomed’ by Express Scripts Execs; The Carolina Panthers’ Financials; The Future of UK GAAP | 03.07.13
Ernst & Young denies stealing Express Scripts data [A]ccording to Ernst & Young, Gravlin's presence at […]
PwC Loves CAKE and Other Interesting Things from the Expanded PCAOB Inspection Reports
I don't know if anyone else has noticed this, but reading about audit procedures is […]
PCAOB Not Satisfied with PwC’s Efforts to Get Better at Auditing
Deba Aubin at Reuters has a great scoop this morning, reporting that the PCAOB "will fault PwC for not promptly addressing quality control problems found during inspections of some of its 2007 and 2008 audits," according to an internal PwC memo dated today and signed by Bob Moritz. [cue]
ANR: HSBC Tells KPMG That It Wants to See Other Auditors; Single People Need Work-Life Balance Too; Carried Interest Is NBD | 03.07.13
Plus, the ten worst states for taxes and rich kids really don’t do anything.
Busy Season Problems: Approaching the Team Member Whose Hygiene Does Not Meet Expectations
Because 2013 is the year of the kuddle, it may be necessary for you to […]
Accountant Hopes Bankers Will Have the Integrity of Accountants One Day
Sir Michael Rake is currently the Deputy Chairman of Barclays. and, from 2002 to 2007, […]
Accounting News Roundup: ObamaCare Taxes Are Sequester-proof, Phantom Factories, and Numerology on the 1040 | 03.06.13
Sequester won’t interrupt collection of taxes from 'ObamaCare' [The Hill]The Affordable Care Act (ACA), enacted […]
Footnotes: Big 4 Fit for a Kingdom, EITI, and PIs | 03.05.13
Even A Big Four Audit Can't Nail Down Kingdom Holdings Numbers [Forbes] Mark Cuban May […]
PCAOB Member Jay Hanson Repeats His Belief That Auditor Rotation Is Not Gonna Happen
The Brits can do whatever they want; Mr. Hanson has a story and he's sticking to […]
PwC Poaches a KPMG Partner* and Issues a Press Release, Part IX
*By partner, in fact, it's technically a "national leader in Conflict Minerals Center of Excellence" […]
A Few Hip-Hop Artists Are Claiming That They Can Deduct ‘Making-it-rain’ Expenses for Tax Purposes
As you might expect, TMZ has the scoop and it quotes a number of artists […]