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

Going Concern

Music City is the country’s fastest growing entertainment hotspot and an office in Nashville gives Armanino’s team and its clients the trifecta of office locations to serve the entertainment industry. Auditors have done so too. Auditors Are Demanding Concessions in Split [ Wall Street Journal ] Ernst & Young’s renegade U.S.

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IRS Audit Red Flags: How to Avoid Getting Tax Audited by the IRS

Snyder

Many small business owners often feel like they might be a heartbeat away from the IRS tax audit. In fact, according to the IRS data , only about 1 percent of taxpayers are facing an audit. percent of small businesses are getting tax audited. What is a tax audit? Meeting a tax auditor is as frightening as meeting a ghost.

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Friday Footnotes: Crippling Staff Shortages in Consulting; Hold Auditors Accountable; AICPA is Mad | 8.12.22

Going Concern

Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. over BT fraud audit failures [ The Guardian ] PwC has been fined almost £1.8m

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Friday Footnotes: A Plea for More Accountants; Ex-Client Settles With Deloitte; BDO and Mazars Bomb Audits | 7.7.23

Going Concern

The paper, “A Welfare Analysis of Tax Audits Across the Income Distributed,” published in June, is based on an analysis of about 710,000 in-person audits of individuals from 2010 to 2014. In comparison, audits of below-median income taxpayers yield $5, the paper said. and NetEase Inc., said the people.

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Friday Footnotes: The Biggest PE Deal to Date; AI Is Moving Fast, Says Deloitte; EY’s Secret (and Nasty) Drinking Club | 5.31.24

Going Concern

Municipal Dumpster Fires Woonsocket city council respond to auditors abruptly quitting [ WLNE Providence ] Shout-out Mary Sahady who finally had enough of this b t and told this messy client to get bent. Woonsocket officials are hoping city auditors will change their mind, after they abruptly quit this past week.

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Listen Up, Young Accountants: Career Advice For Sticking Out Those Early Years

Going Concern

In other words, they weren’t satisfied with understanding debits, credits, and audits. The hallmark of a great auditor is not just understanding debits and credits, but understanding how the client makes money and the economics and the cash flows,” added Maginnis. “The

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Friday Footnotes: Firms Get a Jump on Hiring; RTO Firms Outsourcing ?; BDO Settles 401(k) Suit | 12.22.23

Going Concern

It is understood that outsourcing would leave the firm less reliant on recruiting additional accountants from the tight labour market, which has seen large audit and consulting firms struggle to recruit new talent. Burned Investors Ask ‘Where Were the Auditors?’ Documents related to the Senate inquiry were released Friday.

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