Independence: its complicated. Except it isn’t, really. Audits firms are conflicted because they’re paid by the organizations who they’re supposed to be independent of audit clients. Most people, I think, know this yet choose to ignore it. Fine.
Category: Audit
The Future Audit Team: Smaller, Nerdier, Expensiver
As auditing changes, naturally, so will the auditors. Technology drives a lot of this change […]
Partner Names: Coming to an Audit Near You in 2017
After nearly seven years since the first concept release, the SEC approved the PCAOB's rules […]
PCAOB: Just Stop Altering Audit Workpapers Already
Are you an auditor? Do you have any public company clients? Have you recently been […]
Audit Firm Violates Independence Spectacularly
Has it been awhile since we've discussed an egregious independence violation committed by an audit […]
Don’t Let the Completeness and Accuracy of System-Generated Reports Be a ‘Leap of Faith’
I have noticed, much to my chagrin, a lot of CPAs don’t take learning about […]
Government Audits Turn Up Some Scary Stuff
In 2016, government auditors in Washington state discovered $420,300 in unemployment benefits paid out to […]
What Auditors Ought to Know About the Internet of Things
Whenever I think about the Internet of Things ("IoT"), my mind jumps to a Disney […]
Lying About Your Financial Statements Being Audited Still Frowned Upon
It’s worth mentioning since the SEC had to make an example out of someone: The […]
Coming Soon-ish: Greener Auditing
Well, maybe. Eventually. Some time in the future. Over at the Harvard Business Review, there's […]
PCAOB Finally Gonna Vote on Partner Disclosure
The PCAOB announced earlier today that it will hold an open meeting next Tuesday to […]
Who’s #AuditorProud?
So here's a thing that is happening tomorrow: Use #AuditorProud & #PwC on Thursday to […]