With PCAOB inspection rates at their most embarrassing ever these days, you'd think most educated […]
Category: Audit
SEC Accuses Mayer Hoffman McCann of Really Stupid and Obvious Independence Violation
Let's break down this order from the SEC, filed last week, as simply as we […]
#TBT: The Duty of an Auditor Back in 1896
Has an auditor's duty changed all that much in over a century? "It is the […]
The PCAOB Has a Few Specific Criticisms for Auditors But Faith in Them Regardless
The Journal of Accountancy interviewed PCAOB board members Jay Hanson and Lewis Ferguson for a […]
KPMG Vice Chair Thinks the Future of Audit Includes 100 Percent Testing
Let's pretend you're an alien who just landed on Earth and for some odd reason […]
Let’s Use the Center for Audit Quality’s Auditor Judgment Tool to Decide on Lunch
The CAQ released a new Professional Judgment Resource today, “designed to provide auditors with an […]
TIL: Ancient Greeks Used Slaves as Auditors So They Could Be Beaten When They Screwed Up
I've had Jacob Soll's book The Reckoning: Financial Accountability and the Rise and Fall of […]
Grant Thornton May Have Hosed Fire Engine Company Audit
It appears the Financial Reporting Council — the UK's answer to audit cops — is […]
CAQ-Commissioned Study Finds Reasonable Assurance Somewhat More Reasonable These Days
We're sharing the following with you not because we think it is a sign that […]
It’s Completely Understandable Someone Might Sign Over 200 Audit Reports By Mistake
The LOLs just keep coming from across the pond — why doesn't the AICPA make […]
Clarifying Sex and Auditor Independence After the EY and Ventas Affair
With all that went down with Ventas and EY1, I needed a little clarification on […]
KPMG Exec: If the Public Knew How the Audit Sausage Was Made, They’d Appreciate the Taste a Little More
"I can understand why the public at large might feel let down. In hindsight, it […]