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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

Audit SEC approves new PCAOB audit confirmation standards targeting fraud [ CFO Dive ] The Securities and Exchange Commission has approved a new standard tightening the requirements for auditors when confirming details of an audit, including verifying with a third party assertions made by a client in a financial statement.

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