Two years ago, two years after the first major private equity investment in a top […]
Category: Audit
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 […]
China Puts PwC in the Punishment Corner For Six Months and Confiscates ‘Illegal Gains’
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
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
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”
Tucked 22 pages deep into the Financial Reporting Council’s 2024 Annual Review of Audit Quality […]