"I wanted to scream out, Obama, say, 'keep your accountant, they're allowing you to pay only 13 percent in taxes,' " Booker said. "The rest of us should have accountants like that." But, Booker conceded, the "right advice" for Obama was to "stay presidential." [The Hill]
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Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]
Big 4 FRC to fine Deloitte £440k over 2018 audit [Accountancy Today] The Financial Reporting Council’s Audit Quality team has issued a notice of a proposed sanction on Deloitte, proposing a regulatory penalty of £440k after it was determined that the Big Four firm failed to comply with the auditing framework in its audit of […]