A Note from Francine McKenna, Editor: It should be obvious by now that no government regulator, especially in the U.S. or U.K., will do anything to…
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Should the cobbler’s children have shoes? It's unbelievable but, in the U.S., the auditors don't prepare GAAP financial statements and are not audited!
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Criticism has been intense of Big Audit, for sure, but the tipping point to "the next Arthur Andersen" is not discussed in polite company.
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We're just getting started with this story that will be with us for a while. So much great reporting!
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I've been feeling like a broken record, having to repeat myself on audit all the time. Thank goodness for new issues and new audiences!
I was thrilled to be invited to speak twice at this conference — about crypto fraud and about Tether. It was quite an interesting bunch of characters!
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Gary Gensler seems to be taking the Big 4 auditors' advice about how the PCAOB can get its mojo back. Too bad they're pushing a regulatory-lite plan…
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The idea that the SEC or PCAOB or UK's FRC are vetting the deal or will quash it is naive. EY will muck it up before that's even necessary.
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