The election of Donald Trump is likely to transform the Public Company Accounting Oversight Board (PCAOB). While the PCAOB is technically a non-partisan private regulator, it will not likely escape Trump’s commitment to drain the swamp.
I'm not sure if there's a pattern or not, but it sure seems like the Big 4 take turns being the poster child of sloppy auditing.
One of the keys to being a successful partner in a large accounting firm is client management. If you’re a tax or advisory partner, this is pretty simple: you wine, you dine, you do the work with a smile on your face. The client is happy.
Probably a good call.
Here's a doozy.
Well, this is something? Switzerland's Federal Audit Oversight Authority ("FAOA") will be kicking the tires on KPMG's audit of corruption factory/sports organization FIFA.
Unless you're dead on the inside, you've been infatuated with someone at work. Maybe it's someone on your team, maybe it's a client, maybe it's your boss.
Independence: its complicated. Except it isn't, really. Audits firms are conflicted because they're paid by the organizations who they're supposed to be independent of audit clients. Most people, I think, know this yet choose to ignore it. Fine.
After nearly seven years since the first concept release, the SEC approved the PCAOB's rules for disclosing the names of audit engagement partners and other participating firms.