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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

Local accounting firm acquires longtime Orlando CPA company [ South Florida Business Journal ] One of the largest accounting firms in South Florida acquired a longtime Central Florida CPA company. Some folks aren’t fans of CPAs edging in on their territory it seems. “Yeah, CPAs and the AICPA.

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PCAOB sanctions Florida firm over audit violations

Accounting Today

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors for violating its rules and standards.

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PCAOB Fines Florida-Based Firm L&L CPAs $75,000 for Auditing Blunders

CPA Practice

The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines.

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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

Except in the case of 90s rapper beefs, Tupac and Biggie were equally popular stars whereas in this case the AICPA encompasses the entirety of the profession in the United States versus Minnesota CPAs and the society that serves them. CPAs would need to hold multiple licenses and incur additional expenses.

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Monday Morning Accounting News Brief: Every Day Is Fools’ Day For Some Accounting Employers; McKinsey Now Paying People to Leave | 4.1.24

Going Concern

It’s Joy Merriner’s job as an independent auditor with the firm BDO to go through the city’s financial statements and make sure they are fair and accurate. For at least one program, the city is at risk of running out the clock on its fourth extension with the state to close out its 2022 books. And it’s going to get much, much worse.

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Friday Footnotes: The IRS Has Another ERC Warning; Non-Big 4 Firms Get Dissed; Is AI Excitement Warranted? | 7.26.24

Going Concern

Accounting for the Future: Empowering Tomorrow’s CPAs Today [ Seton Hall University ] Seton Hall University recently hosted the “Accounting for the Future” Pre-College program, an inspiring two-day workshop designed to introduce high school students to the dynamic world of accounting.

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Friday Footnotes: All Audit Reports Matter; BDO Ordered to Pay; Just How Many Firms Are Offshoring? | 11.1.24

Going Concern

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. joins forces with Forvis Mazars in Florida [ Forvis Mazars ] Forvis Mazars is expanding its presence in Florida with the addition of MSL, P.A., MSL has a 50-year legacy of building deep relationships with its clients across Florida.

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