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Category: Audit

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China Puts PwC in the Punishment Corner For Six Months and Confiscates ‘Illegal Gains’
  • Audit
  • PwC

China Puts PwC in the Punishment Corner For Six Months and Confiscates ‘Illegal Gains’

  • Going Concern News Desk
  • September 13, 2024

Well we knew this was going to happen. Various media outlets are reporting that China […]

Layoff Watch ’24: Deloitte’s Busy Scaring People with Business Update Meetings
  • Audit
  • Big 4
  • Deloitte
  • News

Layoff Watch ’24: Deloitte’s Busy Scaring People with Business Update Meetings

  • Going Concern News Desk
  • August 28, 2024

Someone brought it to our attention earlier that quite a few people on r/Deloitte are […]

BDO Aced Its 2023 PCAOB Inspections! JK, It Was F**ked
  • Audit
  • BDO
  • PCAOB

BDO Aced Its 2023 PCAOB Inspections! JK, It Was F**ked

  • Going Concern News Desk
  • August 20, 2024

BDO USA’s 2023 PCAOB inspection is out and Financial Times‘ article about it is pretty […]

“There is a Risk That PE Investors May Lack a Deep Understanding of Audit Practice Objectives”
  • Audit
  • Industry Trends

“There is a Risk That PE Investors May Lack a Deep Understanding of Audit Practice Objectives”

  • Adrienne Gonzalez
  • August 19, 2024

Tucked 22 pages deep into the Financial Reporting Council’s 2024 Annual Review of Audit Quality […]

EY UK Gets Hit With a Weakass Fine for an Ethics Conflict
  • Audit
  • EY
  • News

EY UK Gets Hit With a Weakass Fine for an Ethics Conflict

  • Going Concern News Desk
  • August 9, 2024

FT reported on Wednesday that the King’s EY was hit with a £295,000 fine ($376,309 […]

Maybe AI Will Help KPMG Finally Get Gud at Auditing
  • Audit
  • KPMG
  • Technology

Maybe AI Will Help KPMG Finally Get Gud at Auditing

  • Going Concern News Desk
  • July 30, 2024

Yesterday, KPMG announced it is integrating generative AI into its in-house audit system called Clara. […]

The PCAOB Asked Big Firms How They’re Using Generative AI
  • Audit
  • Technology

The PCAOB Asked Big Firms How They’re Using Generative AI

  • Going Concern News Desk
  • July 23, 2024

Be aware, audit firms. The PCAOB is sniffing around about your use of generative AI […]

King Charles Gives Audit Reform a Shout-Out, Guy Not at Big 4 Complains Big 4 Gets All the Business
  • Audit
  • News

King Charles Gives Audit Reform a Shout-Out, Guy Not at Big 4 Complains Big 4 Gets All the Business

  • Going Concern News Desk
  • July 17, 2024

In the King’s Speech today, King Charles says (timestamped below) “bills will be brought forward […]

Layoff Watch ’24: Things Aren’t Looking Good at PwC China [UPDATED]
  • Audit
  • News
  • PwC

Layoff Watch ’24: Things Aren’t Looking Good at PwC China [UPDATED]

  • Going Concern News Desk
  • July 16, 2024

In an exclusive, Reuters is reporting this morning that PwC China might cut as much […]

Attracting and Retaining Staff Are By Far the Biggest Problems at Audit Firms
  • Audit
  • Industry Trends
  • Technology

Attracting and Retaining Staff Are By Far the Biggest Problems at Audit Firms

  • Going Concern News Desk
  • July 15, 2024

Thomson Reuters has another survey to share with the world and that’s the 2024 Audit […]

PSA to Clients: Be Sure to Ask Your Auditor If They’ve Committed Egregious Standards Violations Before Signing That Engagement Letter
  • Audit
  • Clients
  • The Serious Questions

PSA to Clients: Be Sure to Ask Your Auditor If They’ve Committed Egregious Standards Violations Before Signing That Engagement Letter

  • Adrienne Gonzalez
  • July 8, 2024

This image is the first one that popped up when searching “advice” on the stock […]

BDO Is in Damage Control Mode
  • Audit
  • BDO
  • News

BDO Is in Damage Control Mode

  • Going Concern News Desk
  • July 2, 2024

The other day, BDO USA released a press release entitled “BDO Strengthens Audit Quality Commitment […]

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Daily Wire is Pissed Off About a PwC Career Program That Excludes White and Asian Candidates

  • Adrienne Gonzalez
  • February 7, 2025

Although this should have been on their radar already because PwC got sued by America First Legal over it two years ago, conservative muckraking site Daily Wire has just now…

guy giving double middle fingers

The Only Piece of Advice You Need to Survive Layoffs at Your Firm

  • Adrienne Gonzalez
  • August 7, 2024

Comment on "How are layoffs decisions really made?" via r/Big4 If it backfires so what, they were going to lay you off anyway. I really hope this advice gets sucked…

woman with glasses being interviewed for a job

Weekend Discussion: Let’s Talk Counteroffers

  • Adrienne Gonzalez
  • June 29, 2024

Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved…

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