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PCAOB Busts Two Audit Firms for Not Complying With Reporting Rules

CPA Practice

Garden City, NY-based KKM CPA Associates and the BDO affiliate firm in the United Arab Emirates were fined $25,000 and $20,000, respectively, by the Public Company Accounting Oversight Board (PCAOB) on June 18 for not following U.S. auditing reporting requirements.

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Friday Footnotes: How to Add ChatGPT to Excel; RSM Wins Awards; Auditor Independence Pitfalls | 4.7.23

Going Concern

[ Wall Street Journal ] A tap story from WSJ says accountants and writers are among the jobs that could be most affected by AI tools (*gulp*) Big 4 March people moves: KPMG, Deloitte, PwC make senior hires [ AccountancyAge ] Musical chairs across the pond. ’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K.

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Friday Footnotes: Where the Audit Jobs Are; Big BDO Hires; A New Gig For PwC Alum | 9.9.22

Going Concern

Accountants in high demand as average earnings hit almost €120,000 [ The Irish Times ] A survey by industry group Chartered Accountants Ireland in conjunction with accounting firm Barden shows that the average salary package commanded by these professionals rose by €7,000 or 6 per cent to €119,270 last year.

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Monday Morning Accounting News Brief: Firms Fight Back on Public Metrics; A Rejection or a Blessing? | 1.6.25

Going Concern

Business Insider wrote up a PCAOB report that discusses culture at the top six firms: Accounting firms have been making more errors, but bosses are split on whether remote work is to blame 64% of respondents said that improving work-life balance for firm personnel improves audit quality. Sure it has nothing to do with the (tens of?)

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Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud

PYMNTS

As the fallout from Wirecard ‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). In response to 2019 claims, Wirecard hired auditing giant KPMG to clear its name. The Auditor’s Role. Fraud Concerns Arise.

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Monday Morning Accounting News Brief: EY Didn’t Have a Labor Permit; Deloitte Partners Allegedly Suffer But Not Really | 9.30.24

Going Concern

Publications around the world continue to discuss the tragic sudden death of a young auditor at EY India and dirt keeps making its way to the surface. KPMG firms operate in 143 countries and territories across the globe, offering audit, tax and advisory services. Never had an accounting class in her life. Hello and happy Monday!

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Planning for your Annual CASS Audit

Menzies

Menzies LLP - A leading chartered accountancy firm. I understand no one looks forward to their CASS audit being carried out. 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. Before the CASS Audit 1.

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