Independence: its complicated. Except it isn’t, really. Audits firms are conflicted because they’re paid by the organizations who they’re supposed to be independent of audit clients. Most people, I think, know this yet choose to ignore it. Fine.
Tag: Independence
Accounting Firms Allowing Side Gigs: Good Idea or Independence Mine Field?
These days, you hear more and more about people juggling multiple projects at once. You […]
PCAOB Member Wants a Closer Look at Tax Services and Auditor Independence
Last week the PCAOB approved its 2016 budget and also its "strategic plan" through 2019. […]
Oops: Grant Thornton Lost an Audit Client Due to ‘Inadvertent Scope Creep’
Ahhhh, independence. The albatross around the neck of the audit profession. Or maybe that's the PCAOB. Or maybe it's the technology. Fuck, I don't know. If you imagine all the giant birds shitting on auditors, ugh, that's a horrific thought.
Oh Look, Another Big 4 Audit Firm Settled with the SEC Over Independence Violations
The SEC has fined Deloitte over $1 million for violating auditor independence rules. The consulting […]
Yep, Auditor Independence Is Still a Joke
People like getting worked up about auditor independence. For firms, it's a badge of honor. They […]
KPMG Concerned Employees Can’t Resist Banging One Another
According to a tipster, KPMG distributed this the other day, because apparently sleeping with your coworkers is a serious problem over there.
Going Concern Presents: The Worst of Auditing 2014
Another day, another "year in review best of" list. Except this list is actually the […]
Duh of the Day: Consulting Work by Audit Firms Could Possibly Impair Audit Integrity
The rise of non-audit services offered by accounting firms could threaten the quality and integrity […]
Sex and Professional Ethics, Round 2
In case you need to be caught up, the controller at Ventas and the audit […]
CAQ-Commissioned Study Finds Reasonable Assurance Somewhat More Reasonable These Days
We're sharing the following with you not because we think it is a sign that […]
Clarifying Sex and Auditor Independence After the EY and Ventas Affair
With all that went down with Ventas and EY1, I needed a little clarification on […]