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Friday Footnotes: Disengaged Team? Do This; Deloitte’s Huge India Expansion; Auditors Yelled At…Again | 3.24.23

Going Concern

Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm. EY, KPMG and the fallout of two accounting scandals [ Financial Times Opinion ] It is not just shareholders that have become ever more cautious in the wake of one of Europe’s largest accounting scandals. Now Messod D.

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Prager Metis to Pay $1.95 Million to Settle SEC Charges Over FTX Audits

CPA Practice

Prager Metis also settled separate charges that it violated SEC auditor independence rules. Gurbir Grewal “Effective investor protection requires a collaborative approach that includes both regulators and gatekeepers, such as auditors. In addition, the firm agreed to be censured.

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KPMG Gets Sued, Accused of Allowing Pirate-Like Activity at Credit Suisse

Going Concern

Discountenanced Credit Suisse stockholder Gregory Stevenson is suing 29 of Credit Suisse’s current and former directors and officers, the bank’s ex-auditor KPMG, and various KPMG henchmen on behalf of investors alleging the firm looked the other way while aforementioned directors and officers plundered the bank for more than a decade.

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

” The updated version, issued on September 28th, removes problematic language which could be construed as indicating that internal auditors are not inherently trustworthy and unable to exercise due care in the performance of their duties.

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Which Firm Had the Most IPO Audit Clients In Q1 2022?

Going Concern

The hardworking human beings at Audit Analytics have released their analysis of initial public offering trends and IPO auditor market share for the first quarter of this year , a period in which the number of companies going public was minuscule compared to Q1 of 2021. Of the 300 SPACs that completed a merger, 88% engaged a new audit firm.

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Monday Morning Accounting News Brief: EY Wants to Buy; Losers Dump NFTs For Tax Purposes; CPA Demand in 2031 | 1.9.23

Going Concern

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

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What To Do If Your Startup Gets Audited

Shay CPA

Startups might perform a financial statement audit, which means an outside accountant looks over your books to see if they agree with your numbers. They then issue a statement saying your finances have been independently verified, which can help with attracting investors. Before the pandemic, this type of audit was common.

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