Friday Feb 26, 2021 Big 4 Lawsuits: Mauro Botta vs. PwC and VBS Mutual Bank Liquidators vs. KPMG   This whistle blower claims PwC fired him for reporting audit violations. Cses like this are why I asked my classes to read article and video on the big four an report their iimpressions. Botta testified that…

Weekend Feb 21, 2021 Here is a link to the  2019 PCAOB Audit Inspection Reports for Large Firms.  Notably the internal control section is the most frequent problem. Why is it that such big firms cannot get this right, surely not for lack of resources!   https://www.auditupdate.com/post/2019-pcaob-large-firm-inspection-reports and here is a link to a useful…

Wed Sept 16 2020 A Virginia based software engineering firmpleaded guilty to millions of bribes.   A Virginia-based software engineering firm has pleaded guilty to federal charges in a long-running bribery and fraud scheme at Joint Base San Antonio-Randolph that involved hundreds of millions of dollars in government contracts. William Dunn, the majority owner and…

Reported in Thursday Sept 3 WSJ Robi nhood Markets faces a civil fraud investigation over its failure ot fully disclose the practice of selling client orders  to high speed trading firms. This speaks to transparency and good governance which we study in Audit.

Posted Monday Sept 7 2020 In the Thursday Sept 3 WDj, Ernst and Young has lost two prominent clients in Germain over the Wir3ecard scandal Comerzbank and Deutsche Bank wil not be using EY. Commerzbank is a creditor of Wirecard and DWS is a investor. so there would be a conflict of interest. Now that…

Thursday August 27 2020 The US threatens to remove Chinese companies from US listing on exchanges unless they fully cooperate on  haccess to audit working papers. The recent fraud at Luckin Coffee in China could not have come at a worse time. These are good examples of the problems with globalization and a central govt…

Wed June 17 2020 Goingconcern.com is not your typical accounting blog. This is literally a tell it like it is blog. BDO stil struggling to recover audit deficiencies Why Accountants Can''t Use Spreadsheets