Audit Archives

Audit

Auditors of Broker-Dealers Are Letting Us All Down

Caleb Newquist
August 19, 2013

COME ON, YOU GUYS. You're making EY look really good and that is no small […]

Audit

U.S. Chamber of Commerce Phoned in Its Opposition to the PCAOB’s Revised Auditor Report Proposals

Caleb Newquist
August 14, 2013

If there's one thing that you can count on when regulators propose rules that will […]

Audit

Here’s How the Top Eight Audit Firms Ranked in PCAOB Inspection Error Rate

Caleb Newquist
August 5, 2013

This got by us for some reason, but Compliance Week noted Crowe Horwath's atrocious error rate in […]

Audit

The Ideas in This Revamped Auditor’s Report Are Great Because Audit Firms Will Hate Most (if Not All) of Them

Caleb Newquist
July 22, 2013

Michael Rapoport at the Wall Street Journal has a great article today that gives us a […]

Audit

China Ready to Turn Over Audit Workpapers for Some Company at Some Point

Caleb Newquist
July 10, 2013

The U.S. Securities and Exchange Commission has been struggling to obtain papers from China to […]

Audit

Another One of Deloitte’s Former Chinese Clients Has Been Charged with Fraud

Caleb Newquist
June 20, 2013

When fraud allegations first arose in 2011 against China MediaExpress, CEO Zheng Cheng countered with […]

Audit

Maybe Now You’ll Take the Opposition to Auditor Rotation Seriously

Caleb Newquist
June 20, 2013

It's fair to say that accounting firms are conservative organizations. That is, they prefer that […]

Audit

UK Regulator Tasked with Focusing on Audit Quality May Be Tasked with Focusing a Little Less on Audit Quality

Caleb Newquist
June 5, 2013

When it comes to Big 4 bustin', UK regulators have proven the most willing to […]

Audit
PCAOB

Guest Post: The PCAOB Is Our Parents Now

May 8, 2013

Ed. note: The following was written exclusively for Going Concern by a Big 4 auditor who wished to remain anonymous.

The PCAOB is turning into our parents. Or at least they are using the same tactics in handing out punishment. “We know you were up to no good last night, so if you just tell us what you did we’ll take that into consideration when deciding how long to ground you.”