Center For Audit Quality, the Kool-aid distributors responsible for the Accounting+ initiative that should not […]
Category: Audit
The King’s PwC Earns a Hefty Fine For a 2019 Bank Audit
Feels like it’s been a while since we’ve written up a serious audit failure fine […]
Nine KPMGs Got Real Sloppy About Reporting How Much Outsourced Work They Were Using
The other day the PCAOB proudly announced that it was punishing several members of KPMG’s […]
Pussies at the PCAOB Have Backed Down on Firm Metrics Rules
In November, the PCAOB approved new rules that would require firms to report various metrics: […]
The AICPA Gets Around to Looking Into If This Whole Private Equity Thing Requires New Independence Rules
Two years ago, two years after the first major private equity investment in a top […]
Let’s Give KPMG a Golf Clap For Finally Figuring Out How to Audit Their Way Out of a Paper Bag
On January 23 Bloomberg Tax published a surprising headline: “KPMG Slated to Post Best Audit […]
Big 4 Firms Fight Against Metrics That Would Reveal the Workloads Behind the Curtain
While the AICPA and large accounting firms have begged urged the SEC not to approve […]
AICPA Sends Strongly Worded Letter Urging the SEC to Reject the PCAOB’s New Metrics Rules
As reported by Journal of Accountancy last week, the AICPA has asked the SEC not […]
Firms Tell the PCAOB There’s an Offshoring Brain Drain
The PCAOB released a Spotlight the other day [PDF] and it seems large firms are […]
Senators Yell at the PCAOB Because BDO’s Auditing Sucks
As you may have heard, BDO’s last PCAOB inspection was ass with an impressively bad […]
Brit Audit Cops Want Firms to Snitch if Private Equity is Sniffing Around
UK audit cops at the Financial Reporting Council (FRC) have told firms they’re expected to […]
The Metaverse’s First Accounting Firm Won’t Be Paying These Big Old SEC Fines in Crypto We Assume
Hey remember the metaverse? Thank goodness generative AI swooped in and made everyone forget about […]