Deloitte Kicks off PCAOB Inspection Season with a Respectable Failure Rate* (by Deloitte Standards)
Oh lookie here, PCAOB inspection reports are out today. We shall gloss over Mantyla McReynolds, LLC and CF & Co., L.L.P, going straight to what we want. Deloitte is first out of the gate for the 2013 inspection season, perhaps due to the fact that 52 audits were inspected and only a measly 15 deemed […]
PCAOB: Audit Firms Missing the Point of Auditing
Audit firms are still having some trouble pleasing the audit overlords at the PCAOB — particularly with Auditing Standard No. 5. ICFR is the new WTF, though the PCAOB sees audit firms making progress. Unfortunately, the firms are also kinda missing the point of this whole exercise. Compliance Week has the details: The next round […]
A Picture of a Cat Led to a Suspect in the Stolen Romney Tax Returns Caper
Remember when all anyone could talk about was Mitt Romney's tax returns? Sure you do. Do you also remember when some anonymous group claimed to have broken into PwC's Franklin, Tennessee office, stole said tax returns and then demanded $1 million in Bitcoins? Of course! At the time, everyone seemed to think that this was […]