Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Audit
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Thursday 11/74/2024 Here is what happens when the external auditor disclaims an opinion, reading this day by day melt down of an AI darling makes the reading in the audit text come alive From Today's WSJ Super Micro Comes Up Short Super Micro Computer SMCI -18.05%decrease; red down pointing triangle says it would be selling…
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Wed 11/6/2024 Super Micro Computer falls another 20%, iinability to file financials on time. Recall that EY walked away as the company auditor last week.
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Tuesday 11/5/2024 he Big Four accounting firm last week notified about 330 people, or nearly 4% of its roughly 9,000-person U.S. audit workforce, that they would be let go in the coming weeks, people familiar with the matter said. The cuts have focused on employees such as associates and managers, and included no partners, the…
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Friday Nov 1, 2024 WSJ A federal appeals court has changed its mind and decided that accounting firms’ audit reports really do matter to investors after all. In a case brought by investors against the accounting firm BDO, the Second U.S. Circuit Court of Appeals on Thursday released an amended version of an opinion it…
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Thursday 10/31/2024 Super Micro Computer stock tumbled after the server maker said its audit firm, Ernst & Young, had resigned. Super Micro disclosed the resignation in a securities filing, which included quotes from EY’s resignation letter from last week. EY said it had recently learned of information “which has led us to no longer be…
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Thursday Sept 26, 2024 Many brick and mortar chins struggle to re-invent themselves, Target did just that.
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Wed Sept 25, 2024 The Big 4 Acct Firms are famous of new employee burnout and excessive turnover. Here is perhaps an extreme example. That same day, Shobha Karandlaje, Union Minister of State for Micro, Small and Medium Enterprises and Labour & Employment, announced on X that the ministry had launched an investigation into "the…
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Monday Sept 9, 2024 PwC starts a come on back campaign January 1 in England Looks like there is merit in this F2F idea! I expect to see more of this everywhere, a university will never establish an alumni group with remote learning.
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Tuesday Sept 3, 2024 Mr. Johnson will address ACCT 4311 Tuesday 2 00 PM 10/1/2024 ACCT 4311 Saturday Noon 10/12/2024 SYLVESTER “SLY” JOHNSON, CPA & MBA Sly is the currently the Chief Administrative Officer for the San Antonio accounting firm, ADKF. Prior joining ADKF he was a CFO-level Consultant with the professional services firm VACO.…
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Tuesday Sept 3, 2024 The ACCT 4311 textbook in the first chapter mentions SARBOX, Dodd Frank, and other initiatives to increase audit compliance. Sounds good but… read how audit deficiencies have increased from 29 to 40% in three years. Reading these real world reports gives a far greater impact to your learning in these courses.…
Professor Elam 