Earlier this week, we learned about a couple of Grant Thornton audits that were less […]
Category: Audit
Fake Occupants Caused Some Some Problems in Grant Thornton’s Audit of Assisted Living Concepts
The SEC announced a settlement with Grant Thornton and two partners today over some bad audits that went down in America's Dairyland. The firm will pay $3 million in fines, plus forfeit $1.5 million in audit fees with interest. The partners, Melissa Koeppel and Jeffrey Robinson agreed to a $10k fine and a 5-year ban and $2.5k and 2-year ban, respectively.
PCAOB Member Wants a Closer Look at Tax Services and Auditor Independence
Last week the PCAOB approved its 2016 budget and also its "strategic plan" through 2019. […]
A Surprising Number of Accountants Think Accountants Are Incredibly Corrupt
A recent survey of 1,696 global accountants from CareersInAudit.com found that accountant don't think too […]
Auditors, PCAOB Earn Attaboys From SEC Chief Accountant
SEC Chief Accountant James Schnurr says that, although "there's room for improvement" audit quality "is […]
BDO Spain Took a Siesta on Some PCAOB Paperwork
Audit firms still seem to be getting used to having a regulator that watches their […]
Auditing’s Future: A Conversation With PwC’s Assurance Transformation Leader Bill Brennan
Auditing is a big deal in the accounting world, especially at Big 4 firms. While […]
So Much for the PCAOB Inspecting Audit Firms in China
Welp. After years of negotiation and Chairman Jim Doty saying this past summer that the […]
Company Loses Bad Auditor; Disaster Ensues
When a company changes their auditors, it can be a bit of a headache. As […]
Reminder: Auditors Can’t Check Their Own Work
A superfecta of PCAOB enforcement orders hit the air yesterday, so let's take a looksee, […]
Not-So-Fine Opining: High School Auditors, Grant Thornton’s Independence Problems, Close Family Members
This week we have three (!) stories to share of auditors behaving badly. Story #1 […]
Hey Look, McGladrey’s PCAOB Inspection Wasn’t So Good
The PCAOB released its inspection report for the accounting firm soon-to-be-formerly-known-as McGladrey yesterday and it's […]