Announced today, the PCAOB has sanctioned three partners of KPMG China for various violations of […]
Category: Audit
KPMG UK Going For a FRC Penalty High Score Again This Year
Announced Monday, the Financial Reporting Council (FRC) has fined the King’s KPMG £2,250,000 ($2.9 million […]
EY Gave a Hilarious Excuse For Walking Away From This Awful Municipal Audit Client
Across the pond, EY is earning headlines for its abandoning the Wokingham Borough Council, a […]
EY Gives the Marine Corps the Thing Grant Thornton Couldn’t
Save your crayon-counting jokes for the comments. As you may have heard, the United States […]
Shout-Out This Person Whose Jumping Ship Made It Into EY’s PCAOB Inspection Report
As mentioned in today’s Monday Morning Accounting News Brief and first spotted on Canadian Accountant, […]
Withum Gets Marcum’d By the PCAOB
The Public Company Accounting Oversight Board (PCAOB) announced today it sanctioned WithumSmith+Brown for violations of […]
Why Are EY Clients So Stupid Sexy?
TLDR: Boning clients and/or treating them to too many football games is an independence violation […]
PwC Admits the Next PCAOB Inspection Report Won’t Be Great
In an audit quality report released last week [PDF], the once flawless PwC admits its […]
AI Probably Won’t Be Taking Over All the Inventory Counts Any Time Soon
In the working paper “Beyond AI Exposure: Which Tasks are Cost-Effective to Automate with Computer […]
SEC Sues Marcum Partner Who Thinks Reviewing the Engagement Team’s Work Is For Chumps
The ghost of SPAC past continues to haunt Marcum, this time it’s administrative and cease-and-desist […]
Grant Thornton Gets Downgraded to a Tier 2 Firm, That’s Probably a Good Thing
In September we were tipped to a developing situation at US mid-tier audit firms in […]
There Are Only Two Firms in Wyoming That Can Do Government Audits and One Can’t Do Its Job Because of Staff Shortages
Hey remember the Bloomberg story last March about how staff shortages at audit firms were […]