auditor financial statements public accounting 
Going Concern
MAY 26, 2023
Audit Bitcoin Miner Riot Dumps Auditor for ‘Big Four’ Accounting Firm [ Blockworks ] Riot Platforms is looking to switch accounting firms as the landscape for crypto company auditors remains in flux. Marcum had audited Riot’s consolidated financial statements for the fiscal years between 2018 and 2022.
CPA Practice
JUNE 27, 2023
The proposal includes changes to update aspects of AS 1105, Audit Evidence , and AS 2301, The Auditor’s Responses to the Risks of Material Misstatement. Since that time, public accounting firms are increasingly obtaining audit evidence by analyzing large volumes of information in electronic format.
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Going Concern
JULY 31, 2023
With days to go before the end of a consultation period on the proposal from the Public Company Accounting Oversight Board, (PCAOB) they are trying to sign up their clients to oppose the plan, saying that audit fees will soar if the changes go through. Such suggestions are false. and Congressman Jason Smith, R-Mo.,
CPA Practice
NOVEMBER 5, 2024
They did this to avoid missing Lovesac’s projected gross margin—an important financial metric that the company disclosed in its SEC filings and on conference calls that are open to investors where the company discusses financial and other issues … and to avoid restating the company’s prior financial filings for the affected periods.”
Going Concern
MARCH 24, 2023
[ Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Many practitioners in public accounting are feeling burned out. Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm.
Going Concern
JUNE 28, 2022
The SEC has fined EY a record $100 million after an investigation revealed auditors at EY were cheating on ethics exams (open book ethics exams we presume) and CPE; worse than cheating alone, they actively tried to cover it up and hide the cheating from the SEC. Well this is bad. Mind the KPMG cheating also involved ethics.
CPA Practice
FEBRUARY 23, 2024
Auditors are poised to become crucial facilitators in the accounting and finance function’s adoption of AI and large language models (LLMs). Auditors are the Keystone for AI Integration The successful integration of AI has one essential requirement—a nuanced understanding of the model’s data origins and its interpretations.
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