Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Audit
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Weekend April 20 2019 Going Concern announceds GT sub 20% audit efficiency. I don't understand all the sarcastic comments made about GT in this article. As the article notes this is a considerable improvement over the Big 4 results, notice KPMG barely rates big 4 with this author.
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Tuesday Feb 12, 2019 KPMG former Partners are going to trial for attempting to learn which of their audits the PCAOB would examine. WSJ story relates that three individuals have already pelad guilty. KPMG is already under fire for its questionable GE audits. KPMG has been the GE auditor for 110 years.
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Friday Oct 26, 2018 Hopefully this email finds you doing well on this Friday morning! I am reaching out to you in regards to the upcoming Spring 2019 busy season and we are in need of one more audit intern. We were curious if you knew of any students who would be able to…
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Monday Oct 1 2018 Seems like everyone is getting in on the Auditor Proud band wagon PwC https://www.pwc.com/us/en/services/audit-assurance/library/audit-quality-report.html Deloitte https://www2.deloitte.com/us/en/pages/audit/articles/deloitte-professionals-share-how-they-are-auditor-proud.html EY https://www.ey.com/en_gl/audit/quality KPMG https://home.kpmg.com/us/en/home/services/audit.html Professor Elam take away as you will learn in ACCT 5308Ethics all these firms have suffered black eyes with audit failures and blow ups,hence they are saying…
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Monday January 15, 2018 The Big Four Audit firms are continually engaged in audits around the globe. And invariably some of them blow up or the auditors are found guilty of gross or ordinary negligence. Recall that a year ago the two PwC Accountants at the Academy Awards. Ignoring warnings to not use social media…
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Thursday Nov 16, 2017 Globalscape GSB responds to an earnings misstatement. Read the series of announcements here. Notice that the ticker symbol now has LF associated with it for late filing. Apparently the outside auditors have refused to file the report until various uncertainties are cleared up. As you can see below the markets do…
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Friday Oct 20 2017 I saw this on the TSCPA e mail as a result of my membership. It is an article from CFO magazine. Take a read. Here is another example of the benefit of having a student membership in an accounting organization.
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Sunday Sept 10, 2017 In ACCT 4311 Audit we are studying audit standards. One of the concepts is Professional Skepticism. PwC has responded to a recent consolidation standard by the PCAOB. Click to Read the PwC summary on Critical Audit Matters CAM. Read EY's take on how Big Data Analytics are affecting the audit process.…
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Posted Thursday August 31, 2017 https://www.eiseverywhere.com/ehome/index.php?eventid=270889& This is an all day 8 00 Am – 5 00 PM seminar. I estimate 200 working internal audit professionals will attend. So it will be a great networking opportunity as well. The cost for student attendance is $35. This would be a great way to learn more…
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Thursday May 18, 2017 Using Bureau of Labor salary stats, professors show that higher pay means fewer re statements. This story also reveals levels of pay at the senior and manager level. This supports what I have long believed. Which is that external auditors are subject to lots of stress and pressure to bill,but the…
Professor Elam 