Proceed with caution.
And there's nearly two months left!
In this day and age of professional service firm trends, it's strange to see an announcement that highlights the audit business in the lead paragraph:
That's putting it nicely.
Nice one, guys.
This is rich.
According to CAQ's YouTube page, this was posted back on July 30 (SOX's birthday, no less) but was tweeted earlier this afternoon so we figured it was worth sharing:
This is fun.
As you all know, our government is kaput for the foreseeable future and since all of the Big 4 and many other DC-area firms serve the federal government, it stands to reason that a few of you might not have a lot to do today.
If you're like us, you've been anxiously awaiting comment letters on the PCAOB's auditor reporting model proposal. There's nothing better than self-righteous firms penning letters filled with thinly-veiled condescension.