Remove auditor Remove Mississippi Remove tax return
article thumbnail

Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

Municipal Messes Delayed audit finds ‘material weaknesses’ in Elton’s finances and procedures [ KPLC (Louisiana)] The town agreed to address such deficiencies including timely adopting an operating budget, hiring someone qualified to prepare financial statements, and submitting required paperwork to the Legislative Auditor’s Office by the due date.

Florida 98
article thumbnail

Monday Morning Accounting News Brief: PwC Didn’t Screw Up the Oscars; Deloitte India Doubles in Size; ‘Sham Audits’ | 3.13.23

Going Concern

[link] pic.twitter.com/9KWTsLlzrH — ABC News (@ABC) February 27, 2017 The World Baseball Classic will feature some of the greatest players MLB has seen in quite some time, and also a KPMG auditor playing third base for the Czech team. Have a lovely week for me eh? appeared first on Going Concern.

audit 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Friday Footnotes: Big 4 Culture Gets Slammed Again; Audit Leads the Way in AI; Small Firm Gripes | 11.10.23

Going Concern

They also expect auditors to understand and evaluate processes and controls, analyze transaction-level data for anomalies, and test more data in real-time,” said Scott Flynn, KPMG vice chair—Audit, in a news release. Earnest and Randell were separately convicted of individual counts of preparing false tax returns.

audit 122
article thumbnail

Monday Morning Accounting News Brief: Semper Fi-nancial; EY Gets a D in Auditing; Deepfake CFOs Are a Thing | 2.26.24

Going Concern

During this two-year audit, the Marine Corps had independent third-party auditors from Ernst and Young vet the value of all its assets listed on financial statements. The PCAOB inspected four EY Canada audits — three in which the firm was the principal auditor — and found deficiencies in two (50% with Part I.A deficiencies).

audit 59
article thumbnail

Monday Morning Accounting News Brief: Gen Z Shuns College For the Internet; A DYNAMIC Grant Thornton Hire; Tax Shelter Backfires | 7.15.24

Going Concern

In both cases, the US audit watchdog found deficiencies in 20 per cent of the audits reviewed, four of which were audits in which the Big Four accounting firm was the principal auditor. Crace, the founder of Crace.CPA, pleaded guilty in federal court on Wednesday to participating in an illegal tax shelter. He will be sentenced on Jan.

audit 64