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Monday Morning Accounting News Brief: It’s Not Just You, People Really Are Getting Dumber; EY Partners Getting the Axe | 3.17.25

Going Concern

EY issued an internal control warning on a client : UBS’s auditors have expressed an “adverse opinion” on the bank’s internal controls over its financial reporting for 2024 after it failed to resolve issues related to misstatements inherited from Credit Suisse, the Swiss lender said on Monday.

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What’s new in sales tax?

TaxConnex

Auditors slapped Amazon with some $12.5 Oklahoma Gov. Oklahoma was among 13 states that taxed groceries, and the measure is expected to reduce state revenue by $418 million a year, reportedly the largest single year tax cut in state history. million in taxes, penalties and interest for the first three months of 2016.

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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

News Four distinguished leaders to be inducted into Spears Business Hall of Fame [ Oklahoma State University ] Raised in Oklahoma City, Vickie Carr held various leadership positions throughout her career of nearly 40 years with Deloitte. Ditzler is also a member of the audit committee of the Oklahoma City Community Foundation.

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Monday Morning Accounting News Brief: Deloitte Refutes a Demand Shift; Firm Data Breach; KPMG’s New AI Partner | 4.24.23

Going Concern

The study found that audit firms “are significantly more likely to remove” a partner from a continuing engagement when the partner issued an adverse internal control opinion in the previous year. However, most respondents were unsure as to whether organizations can handle the potential tax, immigration, and regulatory risks.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. Oklahoma City, and Memphis. Our cohort growth was broad based with many markets crossing key milestones.”. Ontario (L.A.), It is only part of a stepped-up marketing effort.

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Monday Morning Accounting News Brief: Capping Busy Season Hours FTW; Open the Books on Audit Firms? | 4.15.24

Going Concern

In the public company audit arena, this transparency is maintained through PCAOB inspections of auditors. The PCAOB inspects the work of the inspectors (auditors) who are inspecting the books of listed companies. But what about the books of the auditor? Newton is now a qualified accountant, and working as an auditor.

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

Debunking common myths about auditors, auditing [ The Journal Record ] The people of Oklahoma get a lesson on what audit is. Whilst QAD statistics always come with a health warning, explaining that they represent reviews at a substantially different population of firms each year, this is a significant change to see over a single year.