Not long after the November collapse of crypto exchange FTX one of the first questions […]
Tag: Internal controls or lack thereof
PCAOB Inspectors Find IT Auditors on the Struggle Bus
In case you missed the news earlier this month, all of the PCAOB reports are […]
Will KPMG Join Wells Fargo in its Walk of Shame?
In 2011, Going Concern speculated about potential issues with internal controls at Wells Fargo that […]
Even a State Board of CPAs Isn’t Immune From Weak Internal Controls
Anyone hoping for a heavy dose of irony to start their week is going to […]
Tighten Up Privileged Access Now, or Hate Yourself Later
The 2016 Verizon Data Breach Investigations Report (aka: “DBIR”) is out and it isn’t pretty. […]
#TBT: Auditors Cringe While Watching Office Space
In honor of throwback Thursday let me take you on a journey down memory lane […]
Please Don’t Be Like This Accountant Who Got Scammed Over Email
Here's an unfortunate situation that hopefully none of you ever have to go through: The […]
SOX 404 Not Helping: Study
A recent study by Sarah Rice of Texas A&M and David Weber and Biyu Wu of […]
Let’s Not Rush to Judgment Just Because a Guy Blew Off a Meeting About Accounting Discrepancies 5 Minutes Before It Started
A man who spent his entire 32-year-career in the accounting department of Frisch's Restaurants — […]
Deloitte Client and Trading Firm Wants to Go Public, Admits To Being Awful at Accounting
Anyone who has ever struggled through Intermediate or scored two consecutive 74s on FAR can […]
JOBS Act Hasn’t Encouraged as Many Companies to Avoid Sarbanes-Oxley as Some Would Have Hoped
Before the House of Representatives got down with some Audit Integrity whatever whatever, we had the […]
PwC Not Sticking Around to See If Stein Mart Can Fix the Rest of Its Lousy Internal Controls
Here's the opening paragraph from a press release released by Stein Mart today: Stein Mart, […]