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Monday Morning Accounting News Brief: PwC Picks a Global Chair; Guy Cusses Out KPMG | 10.30.23

Going Concern

Instead, KPMG leaked my private texts – but I stand by every furious word I said Nyunggai Warren Mundine has doubled down after his foul-mouthed text messages to a top accounting firm were leaked. Tupperware noted there is not dispute between it and the firm. It’s more than $1.8

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Blockchain in accounting – what does the future hold?

Reckon

When blockchain technology in accounting becomes more prevalent, record keeping and transactional accounting will become even more automated. This is also true of auditing – there will be the potential of an ‘always-on’ auditing methodology. What the top accounting firms are saying about blockchain.

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BDO Says It Is No Longer Doing Business In Russia and Belarus

Going Concern

The latest top accounting firm to turn its back on Russia and Belarus is No. noted today that Unicon is not currently a part of BDO’s global network after BDO divorced itself from the Russian firm last year due to a conflict of interest.

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Friday Footnotes: Inside PwC Cheating; Audit Market Monopoly; AI Anxiety | 12.15.23

Going Concern

Cheaters What went wrong at PwC Canada: Accounting firm agrees to pay $1.45-million million to settle exam cheating scandal [ Canadian Accountant ] The Canadian member firm of PricewaterhouseCoopers International has agreed to pay the Chartered Professional Accountants of Ontario $1.45

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Friday Footnotes: CPAs Need to Get Contemporary; Internal Audit Priorities for 2024; A PwC Comic Book? | 8.30.24

Going Concern

Accountancy firms fight back against audit reforms [ Financial Times Opinion ] A new rule agreed by the US audit regulator, the Public Company Accounting Oversight Board, will force each of the biggest firms to establish a body to oversee quality control, and to make sure at least one person on it comes from outside the firm.

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Monday Morning Accounting News Brief: Messing with Texas Costs EY $3 Million; CPA Says Blame Yourself, Not Your CPA | 11.13.23

Going Concern

EY’s forthcoming PCAOB deficiency rate sucks harder than its competitors : EY aims to shake up US audit business after ‘unacceptable’ number of flaws The PCAOB had examined 54 audits carried out by EY US in 2022 for its latest round of inspections and found flaws in 46 per cent of them, the firm said. It’s you again.

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Friday Footnotes: PCAOB Demands More Tedious Paperwork From Firms; PwC Partners Retire Early; KPMG Redeems Itself? | 11.22.24

Going Concern

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S.

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