Going Concern

JULY 17, 2023

KPMG Nederland director Marc Hogeboom is also stepping down as boss of the accounting arm, but remains an auditor and partner at KPMG. As a supervisor of the Dutch accountancy sector, exam fraud has the explicit attention of the AFM. There is no room for doubt about the integrity and professional competence of accountants.

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Menzies

DECEMBER 13, 2024

Menzies LLP - A leading chartered accountancy firm. The best you can do is to try and make it as painless as possible by being well prepared, the following is a CASS auditors suggestions on steps to ensure a smooth process. I understand no one looks forward to their CASS audit being carried out. Before the CASS Audit 1.

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Going Concern

FEBRUARY 9, 2024

Three of the firms also joined industry efforts to designate accounting as a science, technology, engineering, and math—or STEM—field, according to federal lobbying disclosures. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

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CPA Practice

APRIL 11, 2023

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

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Menzies

APRIL 19, 2023

Menzies LLP - A leading chartered accountancy firm. Overview of change for auditors: The changes to the standard require a much more granular based risk identification and assessment process, which means that auditors will have to significantly revise their audit approach in order to meet these comprehensive requirements.

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Going Concern

SEPTEMBER 5, 2023

BDO is now among the largest ESOPs in the country and is the first large public accounting firm to transition to ESOP ownership. Also from AFR, Big 4 firms earn almost 100% of top companies’ audit fees : The big four accounting firms earned 99.3 The transaction closed on August 31. The company posted a £37.6m

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Menzies

DECEMBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. Even so care is needed in the implementation of any changes to ensure SMEs are not the victims of unintended consequences, this has been given a cautious welcome by some auditors. The key to driving value from the audit process is enhancing the overall experience.

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Menzies

JUNE 9, 2022

Menzies LLP - A leading chartered accountancy firm. However there was not a clear obligation for an external review beyond the requirement of a statutory auditor to ‘report to the FCA if, during the course of their work, they believed there were any breaches of the safeguarding requirements.’ Background.

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Going Concern

MARCH 25, 2022

Many firms turn to third-party service providers to send and receive electronic audit confirmations to and from “confirming parties,” including banks, financial institutions, investment and brokerage firms, and law firms. In some cases, auditing firms may be relying too heavily on such outside companies.

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Menzies

JANUARY 20, 2023

Menzies LLP - A leading chartered accountancy firm. Menzies are often appointed by the Finance Directors of large companies and groups to work alongside their existing auditors. International services In today’s business environment, access to international services are essential to all but a few.

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Menzies

JANUARY 18, 2023

Menzies LLP - A leading chartered accountancy firm. The FCA set out the CASS rules (Client Asset Sourcebook) to help guide and regulate FCA registered firms who hold or control client money or custody assets. These must be retained for review by the auditors. What are we talking about? CASS 5.2).

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Menzies

FEBRUARY 21, 2023

Menzies LLP - A leading chartered accountancy firm. Your CASS auditor will need to review these. One of the most time intensive requirements of being authorised by the FCA is completing Client Money Calculations. These are essential to ensure that were anything to go wrong, clients’ money is always protected.

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Menzies

FEBRUARY 20, 2023

Menzies LLP - A leading chartered accountancy firm. Client money transactions are made through the firm’s own bank account and a transfer made at the end of each day to ensure the client account has the correct balance.) Your CASS auditor will need to review these.

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Menzies

FEBRUARY 23, 2023

Menzies LLP - A leading chartered accountancy firm. The Charity Commission has recently complained that the standard of reporting on Reserves and Reserve Policies in charity accounts is alarmingly poor with less than a quarter of charities reviewed properly understanding what reserves are.

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Going Concern

JULY 28, 2023

He graduated summa cum laude in accounting from Baruch College with numerous other academic awards and a continuing passion for wrestling, Ping Pong and handball. He was drafted into the army in 1952 and returned to the accounting firm in 1954.

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Going Concern

JULY 29, 2024

Oh and reminder: the Institute of Chartered Accountants of India (ICAI) is working on a plan to consolidate India’s 96,000 little accountancy firms into mega-firms that they think could compete with Big 4 on the global stage. INSIDE Public Accounting continues to tease the upcoming release of the IPA 500.

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Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Auditors are required to include a going-concern warning if they believe there is a risk that the company may go bankrupt, rather than making a prediction that it will.

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Menzies

FEBRUARY 10, 2025

Menzies LLP - A leading chartered accountancy firm. All firms must understand the circumstances within their business models where breaches of CASS can occur and ensure that they have adequate systems and controls in place to identify non-compliance.

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Going Concern

MARCH 1, 2024

pic.twitter.com/FQcm4AXSdg — Barbara Pocock (@BarbaraPocock) February 27, 2024 Chartered Accountants mistakenly let ex-PwC partner avoid investigation [ Financial Review ] Speaking of Peter Collins, AFR is still on the beat like a tick on a dog’s ass. Regulator Says [ Wall Street Journal ] Several U.S.

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Going Concern

MAY 28, 2024

The local news in Cincinnati covered this strategic move : One of Greater Cincinnati’s largest accounting firms is being acquired by an Indianapolis company. Blue Ash-based tax, advisory and audit firm Cassady Schiller CPAs & Advisors will become part of Katz, Sapper & Miller in a transaction that will be completed May 31.

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Going Concern

JANUARY 29, 2024

But clients seek delivery of specialized services from the CPA firms knowing that they will be provided within an existing framework of quality, professionalism, discipline, and control. Tupperware hired the Big Four auditor on Jan. 5 letter from district administrator Joe Phillips to Chief Auditor Joris Jabouin.

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Going Concern

JUNE 14, 2024

Simmonds and Kask have been instrumental in recruiting high-quality, ambitious, like-minded firms to join CLA Global during their tenure, continuing to build the network’s development and strategy, resulting in 12 Network and 12 Alliance members currently across the globe.

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Going Concern

NOVEMBER 18, 2022

Bam is a chartered accountant and an outstanding South African. Big 4 affiliate firms continue to lead audit business in India [ The Economic Times ]. After 1,600 auditors combed through DOD’s $3.5 Dallas Attorney and Members of Accounting Firm Charged with Promoting Illegal Tax Shelter [ Department of Justice ].

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Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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Going Concern

FEBRUARY 16, 2024

The Conflict Surrounding Work-Life Balance in Public Accounting Firms [ CPA Journal ] For years, the public accounting sector has been characterized by high employee turnover. In the past few decades, public accounting firms have implemented work-life balance practices as part of their attempts to curb excessive turnover.

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AdviceForTaxpreparers

JULY 29, 2019

Why was Janet Jackson’s accountant so upset when she had a wardrobe malfunction? Why did the accountant divorce the banker? Why did the auditor get hit by a car when he crossed the road? Why did the accountant wear New Balances? What’s an accountants favorite sport to play during busy season? Ultimate FASB.

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Going Concern

OCTOBER 4, 2024

SEC Charges Olayinka Oyebola and His Accounting Firm With Aiding and Abetting Massive Fraud [ SEC ] The Securities and Exchange Commission charged Olayinka Oyebola and his Public Company Accounting Oversight Board-registered accounting firm, Olayinka Oyebola & Co. The invoice amount wasn’t disclosed.

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Going Concern

FEBRUARY 23, 2024

Patrick, now a resident of Cody, Wyoming, co-owned a media brokerage firm with her husband and hired an accounting firm to prepare business and personal tax returns for 2012 through 2014. Despite receiving the completed and accurate tax returns from the accounting firm, Patrick did not file them with the IRS.

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Menzies

FEBRUARY 18, 2025

Menzies LLP - A leading chartered accountancy firm. It wants to use its position as a Financial Services centre to encourage firms in the sector to base their operations here. The UK is attempting to position itself as a reliable place for cryptoasset entities to do business.

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Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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Going Concern

DECEMBER 30, 2024

7: Mother Pens Letter Calling Out EY After Her Overworked Daughter Suddenly Passed Away at 26 (September 17) After a 26-year-old Chartered Accountant working for EY India died in July, her mother accused the firm of basically working her daughter to death in a letter to EY India Chairman and Regional Managing Partner Rajiv Memani. .”

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Going Concern

FEBRUARY 14, 2025

As noted by Bloomberg Law, the group composed of lawyer representing law firms, accounting firms, nonprofits, and private companies has stepped in to assist attorneys and law students find jobs. Accounting Firms Hire Growth Leaders as Dealmaking Shakes Up Industry [ Wall Street Journal ] Forty-nine of the 100 largest U.S.

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Going Concern

FEBRUARY 3, 2025

From The Times : “ Graduate jobs slashed as accountings big four feel the squeeze “ The big four accounting firms have slashed graduate jobs and shed thousands of staff outside of official redundancy rounds, as they cut costs in the face of a prolonged downturn for professional services. billion in assets.

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Going Concern

SEPTEMBER 9, 2024

That was the moment that I realized public accounting — more specifically making partner in a public accounting firm — was no longer my goal. BDO was appointed auditor earlier this year after Byju’s’ former auditor, Deloitte, left the company, citing several issues with the company’s financial reporting.

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Going Concern

JANUARY 5, 2024

Big 4 Big Four Reshape Consulting Workforce, Strategy With Rare Layoffs [ Bloomberg Tax ] The Big Four accounting firms have leaned into their tech advisory work and data analytics services—areas ripe for revenue growth—as interest rates and the artificial intelligence boom reshaped demand for consulting services.

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Going Concern

FEBRUARY 2, 2024

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. The directors of an auto parts business have claimed before the High Court that an accountant has allegedly hired convicted criminal Martin ‘the Viper’ Foley to collect a disputed debt of approximately €19,000 from them.

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