SEC Fines Friedman For Piss-Poor Auditing So They Remember to Exercise Professional Skepticism Next Time
Last week the Securities and Exchange Commission charged Friedman LLP with with improper professional conduct for failing to comply with the standards of the Public Company Accounting Oversight Board while conducting audits of two public companies from 2017 through 2020. Friedman has agreed to settle the charges and will pay approximately $1.5 million in total […]
Exposure Drafts: Trust Me, I Have Professional Skepticism
Exposure Drafts appears every other Wednesday (or whenever, really). Send your accounting cartoon suggestions to [email protected].
Let’s Use the Center for Audit Quality’s New Auditor Judgment Tool to Decide on Lunch
The CAQ released a new Professional Judgment Resource today, "designed to provide auditors with an example of a decision-making process to facilitate important auditing and accounting judgments in a professionally skeptical manner." Get excited, people, this is awesome stuff: The Resource is aimed at assisting auditors who are responding to judgment challenges arising from the […]
Greg Talks To People About Professional Skepticism
Undeterred by your criticism over the last video, our own Greg Kyte hit the pavement once more and talked to non-accountants about accounting matters. In the first video, we called these people "stupid" but upon further reflection realized they are actually just completely ignorant of matters that make your world go round such as ASCs, […]
Becker Finally Gets Around to Recognizing Wake Forest’s CPA Exam Domination
I'm not saying Becker outright snatched this headline from my hands, I'm just suggesting that the timing of this press release is a tad suspect given the fact that NASBA released the candidate performance book in October of last year and the actual Wake Forest press release came out in November but I just got […]