Remove audit Remove B2B Remove chartered accountant
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Friday Footnotes: Burner Phones For Big 4 Firms; Mandatory Unpaid Leave Rumors; CISOs Hate on CPAs | 12.1.23

Going Concern

The measure targets the non-audit departments of each city branch in China, including consulting, financial advisory, risk advisory and assurance. How Is Deloitte Making Accounting Accessible To Diverse Young Talent? Chartered* accountancy? Chartered Accountancy. Forbes ] This is an ad, right?

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Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud

PYMNTS

In response to 2019 claims, Wirecard hired auditing giant KPMG to clear its name. “There are clear indications that this was an elaborate and sophisticated fraud involving multiple parties around the world,” EY said, according to Reuters, adding that it had not yet completed its 2019 audit. ” Swift Blowback. .

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UK Accounting Watchdog Ramps Up Fines

PYMNTS

The FRC issued fines totaling $19 million against PricewaterhouseCoopers (PwC) and KPMG last week, while the regulator also sent KPMG an unprecedented warning that its auditing processes are subpar. “The risk in imposing ever-greater financial sanctions is that these increase the risk profile of auditing,” he said.

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Clarification on the manner of dealing with differences in ITC availed FORM GSTR-3B Vs ITC reflecting in GSTR-2A for FY 2017-18 and 2018-19

VJM Global

Now, during assessment or audit, or investigation, the tax officers have noticed the difference in ITC appearing in GSTR-2A and ITC claimed in GSTR-3B. Action to be taken by Proper Officer during audit or Investigation or scrutiny. Instructions will apply only to the ongoing proceedings in scrutiny/audit/ investigation, etc.

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In Payments Fraud, A Crypto Scam

PYMNTS

The scheme came to light as part of an internal audit and spanned 18 months, allegedly. reports that a chartered accountant who had served with Deloitte had billed for more than 90,000 pounds in fake Uber rides. And in another instance of fraud, this time with wheels, accountancydaily.co The scheme took place over three years.