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Big 4 Firms Fight Against Metrics That Would Reveal the Workloads Behind the Curtain

Going Concern

Training Hours for Audit Personnel. Experience of Audit Personnel. Average number of years worked at a public accounting firm (whether or not PCAOB-registered) by senior professionals across the firm and on the engagement. Retention of Audit Personnel (firm-level only). Allocation of Audit Hours.

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When Is the Right Time to Leave Public Accounting?

Going Concern

When I started in public accounting, one of the audit partner s I worked with shared the elevator metaphor: working in public accounting is like riding an elevator—the longer you stay on, the higher up you will go. Think about auditing. Audit partner s ? When should you leave? A bsolutely. Same thing.

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Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices. Practice Management Vision, Mission and Values: The Missing Links in Most Firms Strategic Planning [ INSIDE Public Accounting ] Small firms arent doing it.

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The AICPA Gets Around to Looking Into If This Whole Private Equity Thing Requires New Independence Rules

Going Concern

That Worries Some Regulators” gives us a look at how the separation of audit and non-audit is happening at one firm: Accounting firm Cherry Bekaerts leadership team discusses organizational matters, often involving the audit business, weekly with Parthenon Capital Partners, the private-equity firm that took a stake in the Raleigh, N.C.

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AuditFile Announces Acquisition of Advantage Audit from Wiley

CPA Practice

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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PCAOB’s First-Ever Inspections of Audit Firms Based in China Revealed a Lot of Bad Auditing

CPA Practice

The head of the Public Company Accounting Oversight Board (PCAOB) said today that its inspectors found significant deficiencies in the audits of U.S.-listed In a statement, PCAOB Chair Erica Williams said: Both reports show unacceptable rates of Part I.A Today’s reports are a powerful first step toward accountability.

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