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September 21, 2023

When accounting goes unaccounted for

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AS 14

Audit

Auditor Phones in Auditing Revenue, Gets Totally Busted

by Adrienne Gonzalez

The PCAOB posted 26 new inspection reports today, none of which were all that remarkable. But we did take a peek at MaloneBailey's, where we found this little nugget from Issuer C: In this audit, the Firm failed to perform sufficient procedures to determine whether the issuer properly recognized revenue. The issuer manufactured custom products […]