If true this could shatter the entire financial system! We knew training has suffered due to remote work, spread out teams, and Covid stress over the past few years but not even learning SALY? Don’t want to think what this could do to the audit profession if it spreads.
Hopefully this is just an isolated incident of interns not paying attention and not representative of the fundamentals of audit crumbling before our eyes. The CAQ will no doubt want to monitor the situation.
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Ed. note: the following is by Joseph P. Petito, Esq. Joe currently serves on the Maryland State Board of Accountancy and the board of directors of the NASBA Center for the Public Trust. Full bio at the bottom. I love accounting. Though an attorney and not a CPA, I’ve spent over 30 years in and […]
The Australian government released exposure draft legislation yesterday in response to “the PwC matter” and the funniest part is the special email they made to receive comments: [email protected]. Not ConsultingReponse or Sept23TaxReform, specifically PwCResponse. In four separate exposure drafts that amend the Taxation Administration Act 1953 (TAA) and/or the Tax Agent Services Act 2009 (TASA), […]
