Auditors Archives

Yes, the House Bill That Bans Auditor Rotation Is Terrible But There May Be an Upside

Caleb Newquist
July 9, 2013

As you know, yesterday the House of Representatives passed H.R. 1564, the Audit Integrity and Job Protection Act, with bipartisan support, 321-62. The charge was led by the bill's co-sponsors, Rep. Robert Hurt (R-VA) and Rep. Gregory Meeks (D-NY). Here's an enthusiastic statement from Rep. Hurt via Accounting Today:

What’s in a (Big 4 Partner’s) Name? Maybe a Lot

Caleb Newquist
June 10, 2013

On Friday, Francine McKenna provided a perfect example of what investors could learn about the […]

EY
PCAOB

Ernst & Young Latest Big 4 Firm to Have Part II of PCAOB Inspection Report Released

Caleb Newquist
May 23, 2013

Okay, remind me — there's a saying about "three" and "trend" or "pattern" or something? […]

The SEC Manages to Get Softer on Big 4 Audit Firms

Caleb Newquist
May 22, 2013

Incredibly, the SEC has done something I didn't think was possible. It has, in its […]

(UPDATE) In Becoming Herbalife’s Auditor, PwC Does a Dicey Independence Dance

Caleb Newquist
May 21, 2013

~ See update below It seems fitting that PwC would replace KPMG as Herbalife's auditor, […]

News

City of Los Angeles Blames Technology, Retired Auditors for Missing $43 Million

Adrienne Gonzalez
May 10, 2013

Officials in cash-strapped Los Angeles have uncovered almost $43 million that was just sitting in […]

Audit
PCAOB

Guest Post: The PCAOB Is Our Parents Now

May 8, 2013

Ed. note: The following was written exclusively for Going Concern by a Big 4 auditor who wished to remain anonymous.

The PCAOB is turning into our parents. Or at least they are using the same tactics in handing out punishment. “We know you were up to no good last night, so if you just tell us what you did we’ll take that into consideration when deciding how long to ground you.”