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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

rule changes

Audit

Auditors Tell PCAOB They’d Rather Not Report on the Already Reported On

by Adrienne Gonzalez

Back in August of 2013, the PCAOB floated a few new auditing standards that would bring major changes to audit reports: The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, which would supersede portions of AU sec. 508, Reports on Audited Financial Statements, and The Auditor's Responsibilities Regarding […]