article thumbnail

So How Did Your 2024 Predictions For the Accounting Profession Work Out?

Going Concern

At the start of last year we ran a little survey asking readers what they thought would be the biggest issues impacting the profession in 2024. What will be the biggest issue affecting the profession in 2024? The 2024 predictions survey also asked if there are any issues that aren’t being talked about and should be.

Account 105
article thumbnail

Disclosures Regarding Audit Firm Oversight Have Plateaued, CAQ Report Finds

CPA Practice

A new analysis of audit committee disclosures of companies in the S&P 1500 reveals a plateau in disclosure rates across several areas important to investors, including considerations in appointing or reappointing the external auditor, length of auditor tenure, and how the audit committee evaluates audit fees in relation to audit quality.

audit 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Big 4 Firms Fight Against Metrics That Would Reveal the Workloads Behind the Curtain

Going Concern

While the AICPA and large accounting firms have begged urged the SEC not to approve the PCAOB Firm and Engagement Metrics rule (PCAOB-2024-06) approved by the PCAOB on November 21, 2024, at least one person would like to see the added transparency this rule could provide and he’ll explain why in a comment letter we’ll discuss below.

audit 125
article thumbnail

Decisions 2024: The Opportunities for Accounting Firms Have Never Been Greater

CPA Practice

Beyond that, there are other audit tools to consider: Audit Intelligence Analyze : Thomson Reuters is creating an Audit Intelligence Suite, and this is the first product delivered in conjunction with Synergy 2024. AuditBoard : Offers robust risk management and audit automation features.

article thumbnail

The PCAOB Will Be Further Up Auditors’ Asses in 2024

Going Concern

Assuming no one but select audit partners actually read this crap, let’s take a look at how auditors should expect increased vigilance in 2024 so everyone can be better informed and stock up on KY. Maybe this won’t be a big deal in 2024. You’ve been warned, auditors. Next up, culture.

auditor 119
article thumbnail

PCAOB ramps up enforcement against auditors

Accounting Today

Enforcement by the Public Company Accounting Oversight Board against auditors in 2024 is off to its fastest start in recent years.

auditor 130
article thumbnail

All I Want for the Holidays Is…. A Tax Provision Specialist

Withum

The dreaded request from your financial statement auditors for the year-end tax provision file and financial statement footnotes? 2024 Year-End Tax Planning Resources Nows the time to review your year-end tax planning options and strategies for the 2024 tax season.

Tax 122