The SEC Division of Enforcement cracked a lot of skulls in fiscal 2022, as it […]
Category: Audit
Carillion Liquidators Roast KPMG: “A Competent Auditor Would Have Detected the Misstatements”
The Carillion failure is still working its way through the courts and now KPMG is […]
PCAOB Hopes Updating Quality Control Rules Will Maybe Prevent Audit Firms From Constantly Breaking Quality Control Rules
From the earliest days of Going Concern until most recently last month, quality control has […]
Which Firm Had the Most IPO Audit Clients In Q3 2022?
The initial public offering slump of 2022 continued in the third quarter, as the 39 […]
Supposedly PCAOB China Inspections Went Well, the Environment Was Not Necessarily Considered
People who presumably aren’t paid by the Chinese government to say “everything is great!” have […]
Our Audits Sucked Because the Auditors Are Exhausted, Says Deloitte Australia
Last week the Australian Securities and Investments Commission (think Aussie PCAOB) informed us that Deloitte […]
EY Reminds Us That Audits Provide ‘Reasonable Assurance,’ Not a Guarantee That Billions of Dollars Aren’t Hidden From the Balance Sheet
The NMC Health collapse of 2020 is still haunting EY UK, this time in London […]
The Canadian PCAOB Says One Big 4 Firm Keeps Screwing Up Audits But Won’t Say Which One It Is
Shall we speculate wildly which Big 4 firm is not meeting the Canadian Public Accountability […]
Audit Partner Really Bad at Auditing Won’t Be Auditing Any Time Soon (Or Ever)
The PCAOB has made it painfully clear that they are done pussyfooting around and sick […]
EY Is Haunted By Some Lingering Independence Problems
Yesterday the PCAOB made public additional portions of EY’s 2018 inspection report “because the firm […]
When a Bank Fails, People ‘Lose Faith’ in the Auditors
Are bank failures bad PR for the firms that audit them? New research seems to […]
The PCAOB Has Had It With Shoddy Audit Work Performed by Affiliates
In its ongoing effort to tell audit firms that it means business this time for […]