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Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. Auditors are required to include a going-concern warning if they believe there is a risk that the company may go bankrupt, rather than making a prediction that it will. Shout-out to NPR for continuing to stay on top of the accounting shortage.

audit 105
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Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

Going Concern

Racial diversity in accounting has been treated as a “box-ticking exercise”, Atul said to The Mail on Sunday in December, even when professions are a magnet for minorities. When Republicans took control of the House early last year, the committee stopped requiring Trump’s accounting firm to produce documents and a U.S.