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September 27, 2023

When accounting goes unaccounted for

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BDO USA and Two of Its Audit Partners Got in Trouble and It’s Gonna Cost Them $2 Million and Change Firms Aren’t Doing So Bad According to Them, Almost Half Are Outsourcing Work Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer Monday Morning Accounting News Brief: UK Big 4 Firms Overhired, Dump Staff; KPMG Bracing For (Another) Big Fine | 9.25.23 Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

enforcement orders

Audit

Deloitte’s Brazil Firm Covered Up a Couple of Bad Audits

by Caleb Newquist

The big news in the international audit firm world today is an announcement by the PCAOB that Deloitte’s Brazil firm audited badly and then covered up that bad auditing, which is also bad. The whole thing involved a dozen auditors including the Brazil firm’s former Audit Practice Leader, former Risk and Reputation Leader and former […]

Audit

Reminder: Auditors Can’t Check Their Own Work

by Caleb Newquist

A superfecta of PCAOB enforcement orders hit the air yesterday, so let's take a looksee, shall we? Let's start with Turner, Jones and Company, featuring their managing partner Stephen Turner and regular ol' partner Mark Turbyfill. I'll be referring to them collectively as "Turn & Turb" from here on out. Turn & Turb did a […]