Auditing Archives

CPA Exam

Everyone Passing the Audit Section of CPA Exam Should Celebrate with Audit Ale

Caleb Newquist
October 8, 2014

Auditing portion of the CPA exam complete, finally time for the Audit Ale from Listermann […]

EY Hits 50% Failure Rate on PCAOB Inspection, Gets a Grade of LOL on AS5

Adrienne Gonzalez
August 28, 2014

Today, the PCAOB released its latest inspection report on the firm formerly known as Ernst […]

Dennis Nally Would Like Everyone to Remember That Auditing Is Still Important to PwC

Adrienne Gonzalez
July 22, 2014

They say those who cannot remember the past are condemned to repeat it. For accounting […]

KPMG

KPMG Was Never Out of the Consulting Business, FYI

Caleb Newquist
March 13, 2014

As we all know, the period of time circa 2001-2002 were not the best of […]

Ernst & Young’s PCAOB Inspection Results Look Even Worse in Chart Form

Caleb Newquist
August 15, 2013

Last week, we discussed just how bad EY's auditing had gotten from a PCAOB inspection […]

Big 4

The Big 4’s Stranglehold on the Audit Market Is Worse Than You Thought

Caleb Newquist
July 17, 2013

In a speech entitled "Accountability: Protecting Investors, the Public Interest and Prosperity," PCAOB member Jeanette […]

PCAOB

Deal Between PCAOB, Chinese Is a Lose-Lose Situation

Caleb Newquist
May 29, 2013

Yes, the PCAOB got a lousy deal by putting Jim Doty's name on the Memo […]

PCAOB
PwC

PwC Loves CAKE and Other Interesting Things from the Expanded PCAOB Inspection Reports

Caleb Newquist
March 7, 2013

I don't know if anyone else has noticed this, but reading about audit procedures is […]

PCAOB Not Satisfied with PwC’s Efforts to Get Better at Auditing

Caleb Newquist
March 7, 2013

Deba Aubin at Reuters has a great scoop this morning, reporting that the PCAOB "will fault PwC for not promptly addressing quality control problems found during inspections of some of its 2007 and 2008 audits," according to an internal PwC memo dated today and signed by Bob Moritz. [cue]