When accounting goes unaccounted for
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.
So I was gaming with the boys the other day and my buddy asked the […]
On March 18, the UK government weighed in with its long-promised consultation paper (the “Consultation), “Restoring […]
The dynamics at both the PCAOB and the Big Four are horrible. The incentive at the Big Four is to keep prices down to the point at which it’s impossible for a new entrant to break into their charmed group; after all, if it means they end up cutting corners, the worst that happens is that they get gummed by the toothless PCAOB. [Felix Salmon/Reuters]