This story was included in yesterday’s news brief however comments are closed on those by […]
Tag: audit quality or lack thereof
“There is a Risk That PE Investors May Lack a Deep Understanding of Audit Practice Objectives”
Tucked 22 pages deep into the Financial Reporting Council’s 2024 Annual Review of Audit Quality […]
Maybe AI Will Help KPMG Finally Get Gud at Auditing
Yesterday, KPMG announced it is integrating generative AI into its in-house audit system called Clara. […]
King Charles Gives Audit Reform a Shout-Out, Guy Not at Big 4 Complains Big 4 Gets All the Business
In the King’s Speech today, King Charles says (timestamped below) “bills will be brought forward […]
BDO Is in Damage Control Mode
The other day, BDO USA released a press release entitled “BDO Strengthens Audit Quality Commitment […]
The PCAOB Made Its Own Quality Control Standard and It Took Only 22 Years
The PCAOB announced today that after the more than 20 years since they were forged […]
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 […]
Withum Gets Marcum’d By the PCAOB
The Public Company Accounting Oversight Board (PCAOB) announced today it sanctioned WithumSmith+Brown for violations of […]
The PCAOB Will Be Further Up Auditors’ Asses in 2024
Although hiring a former PCAOB staffer and using their insider knowledge to improve your inspection […]
Upcoming Inspection Report Deficiencies Are ‘Completely Unacceptable,’ Writes PCAOB Chair in Venomous Op-Ed
We’re not sure how many more times it needs to be said and it’s shocking […]
EY’s Getting Ready For Bad Grades From the PCAOB For Overseas Colleagues’ Work (Allegedly)
Apparently someone inside EY blabbed to Financial Times about the current state of EY audit […]
Client That Fired Marcum Over Audit Quality Compares the Firm to a Doctor Killing Half His Patients
It may be called The Westerly Sun but this paper is throwing nothing but shade […]