It’s True: PwC Had a Nearly Flawless 2020 PCAOB Inspection Report
The PCAOB blessed us this morning with its first batch of 2020 inspection reports, which included BDO USA, Deloitte, EY, Grant Thornton, KPMG, and the highly anticipated one for PwC. Back in August PwC released its 2021 audit quality report, which included a lot of bragging about how much more competent P. Dubs’ auditors have […]
For Now, PwC’s Audit Quality Stinks
In Footnotes last Friday, we highlighted a recent Accounting Today article about PwC finally taking audit quality seriously what measures PwC is taking to improve audit quality. In the article, Wes Bricker, PwC’s U.S. assurance leader and former SEC chief accountant, dropped a bomb—a Bricker bomb, if you will—about the most recent PCAOB inspections cycle: […]
Apparently PwC and Wesley Bricker Just Can’t Get Enough of One Another
PwC rolled out the red carpet on July 1 welcoming Wesley Bricker’s triumphant return from the dingy dungeons of the SEC, with trumpets blaring, a large feast being served, and red wine flowing like water—at least that’s how it happened in my mind. Bricker, who stepped down as SEC chief accountant in late May, has […]
The SEC Removed ‘Acting’ From Sagar Teotia’s Job Title
Sagar Teotia is officially your new chief accountant at the SEC, a position he had held in an acting role since Wesley Bricker surprisingly announced he was stepping down as chief accountant in June. Teotia definitely has the chops for the chief accountant office. He had served as deputy chief accountant under Bricker since 2017 […]
Wesley Bricker Is Stepping Down As SEC Chief Accountant
This just in from the SEC: The Securities and Exchange Commission today announced that Wesley R. Bricker, Chief Accountant, plans to leave the agency after more than six years of distinguished service. Mr. Bricker was named as the SEC’s Chief Accountant in 2016, after serving as the deputy chief accountant. Earlier, he served as a […]
Here’s the Only Affirmation Accountants Need
This is from a couple weeks back, but it deserves a mention because it will help those of you currently experiencing a crisis of professional identity. It comes from a speech given by Wesley Bricker, the Chief Accountant of the SEC, and it’s just the kind of thing you need to hear when you’ve recently […]