We covered this story in yesterday’s Monday Morning Accounting News Brief but it’s significant enough […]
Category: Audit
ICYMI: 40-Year EY Veteran Picked to Chair the PCAOB
Goodbye George Botic, hello Demetrios (Jim) Logothetis. On Friday, the SEC announced a new crew […]
Eight Years After Carillion Went Tits Up, Audit Reform is Dead
In 2023, KPMG took a £3.5 million fine from UK audit regulators at the Financial […]
Audit Firm Runs Afoul of PCAOB Rules By Taking Same As Last Year Way Too Literally
Today in PCAOB enforcements we have a fresh case involving Southfield, Michigan firm Zwick CPA, […]
Fewer Auditors in the Game, Perfectly Fine Audits? Sure, Why Not
Remember two years ago when we started hearing about smaller-but-not-small firms getting out of the […]
The King’s BDO Eats a Nearly £6 Million Fine For Letting a Senior Manager Run Buck Wild
The Financial Reporting Council announced today that BDO across the pond has been hit with […]
Layoff Watch ’25: KPMG Lets Go of 195 People in Audit
Bloomberg reported yesterday that KPMG has once again let a batch of people go, this […]
Erica Williams Bids Adieu to the PCAOB
Announced yesterday, PCAOB Chair Erica Y. Williams, who just got appointed to a second five-year […]
Researchers Determine That Big 4 Audit Partners Not Named Michael or Jennifer Are More Likely to Bend the Rules
Here at Going Concern we love academic research, even the kind that makes your eyes […]
EY Gets Caught Up in Independence Violations Because Audit Partner Rotation Is For Chumps
We think this was first spotted by Financial Times so h/t to them. Gigantic UK-based […]
Layoff Watch ’25: The King’s PwC Shows Some Auditors the Door
Reported by Financial Times, PwC UK is cutting about 175 audit associates from the roster […]
The PCAOB Made a Triple Sweep of Big 4 Cheaters in the Netherlands
To date, the largest fine levied by the PCAOB against a registered audit firm was […]