Podcasts about audit quality

Earmark Media Presents a bonus episode of Earmark Podcast:  What happens when Congress votes to eliminate the watchdog that's overseen public company audits for two decades? In this episode, Blake Oliver sits down with three leading accounting academics—Maureen McNichols from Stanford, Nemit Shroff from MIT, and Daniel Aobdia from Penn State—to examine the research behind the PCAOB's effectiveness and what elimination could mean for audit quality. You'll discover why companies with clean audit inspections can raise capital more easily, how the infamous "40% deficiency rate" actually works, and why these researchers believe dismantling the PCAOB could undermine trust in U.S. capital markets. The conversation reveals the hidden economics of audit oversight and explains why there hasn't been a major public company fraud since Enron and WorldCom.Chapters(00:00) - Welcome to the Show (01:10) - Meet the Experts (02:59) - Discussion on PCAOB's Elimination (08:17) - Research Insights on PCAOB's Effectiveness (20:11) - Deficiency Rates and Audit Quality (24:50) - Economic Impact of Fraud and PCAOB's Role (25:20) - Regulatory Model of the PCAOB (25:59) - Incentive Structure and Audit Quality (26:59) - Inspection Deficiency Rates (28:54) - Restatement Rates vs. Deficiency Rates (30:23) - Auditor-Client Relationship Tensions (31:42) - Documentation Issues in Audits (35:15) - Effectiveness of PCAOB Inspections (37:49) - Impact of PCAOB on Financial Reporting Quality (40:33) - Potential Elimination of the PCAOB (44:00) - Conclusion and Final Thoughts Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comhttps://earmark.app/Download the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guests:Maureen McNicholshttps://www.gsb.stanford.edu/faculty-research/faculty/maureen-mcnicholsNemit Shroffhttps://mitsloan.mit.edu/faculty/directory/nemit-shroffDaniel Aobdiahttps://directory.smeal.psu.edu/dza5396Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

What happens when a major newspaper publishes a summer reading list where only five of the 15 books actually exist? Blake and David explore this real example of AI-generated content gone wrong and what it means for accounting professionals who increasingly rely on automated tools. They break down QuickBooks' latest price increases, demonstrate how AI can now build complex consolidation spreadsheets in minutes, and discuss why Excel skills still outrank AI knowledge in finance hiring. Plus, they examine the legal challenges facing Trump's tariff policies, alternative CPA pathway expansion, and hear from accounting student Jason Farley about the dangerous gap between classroom education and real-world cloud accounting practice.SponsorsPayhawk - http://accountingpodcast.promo/payhawkKeeper - http://accountingpodcast.promo/keeper REFRAME 2025 - http://accountingpodcast.promo/reframe2025 TeamUp - http://accountingpodcast.promo/teamupChapters(00:48) - Summer Reading List Mishap (02:52) - AI and the Future of Fact-Checking (05:27) - AI Video Generators and Fake News (08:20) - QuickBooks and AI Pricing Debate (09:16) - Elon Musk and Government Efficiency (10:41) - The Big Beautiful Bill and Its Implications (18:29) - Tariffs and Trade Wars (39:48) - Excel vs AI in Finance (42:42) - The Rise of Excel: A Brief History (43:44) - Introducing Perplexity AI: A Versatile Tool (53:56) - Alternative CPA Pathways and Legislative Changes (55:07) - The Role of the PCAOB in Audit Quality (59:25) - Controversies Surrounding IRS Commissioner Nominee Billy Long (01:03:59) - The Future of Accounting Internships and Outsourcing (01:20:20) - Perplexity's Onboarding Process: Results and Insights (01:24:38) - Upcoming Conferences and Closing Remarks  Show NotesChicago Sun-Times fake summer reading list article https://www.chicagosuntimes.com/fake-summer-reading-list-2025South Carolina passes alternative CPA pathway legislation https://www.scstatehouse.gov/cpa-pathway-legislation-2025New Jersey alternative CPA pathway bill https://www.njleg.state.nj.us/bills/cpa-alternative-pathway-2025Oregon CPA licensure reform legislation https://www.oregonlegislature.gov/cpa-pathway-reform-2025Minnesota CPA education requirements change https://www.revisor.mn.gov/cpa-education-requirements-2025Illinois CPA pathway legislation https://www.ilga.gov/cpa-pathway-bill-2025Trump tariffs constitutional challenge court ruling https://www.reuters.com/legal/trump-tariffs-constitutional-challenge-2025Court of International Trade blocks global tariffs https://www.cit.uscourts.gov/trump-tariffs-ruling-2025International Emergency Economic Powers Act tariff authority https://www.treasury.gov/ieepa-tariff-authority-analysisPCAOB elimination provision in tax bill https://www.congress.gov/bill/pcaob-elimination-provisionBilly Long IRS Commissioner confirmation hearing https://www.finance.senate.gov/billy-long-confirmation-hearingBilly Long tribal tax credits promotion controversy https://www.irs.gov/tribal-tax-credits-fraud-warningFederal Tax Updates podcast with Danny Werfel https://federaltaxupdates.com/danny-werfel-interviewSolutions Magazine Excel vs AI survey https://solutionsmagazine.com/excel-ai-finance-survey-2025Microsoft Excel 40th anniversary analysis https://www.technologylab.com/excel-40-years-anniversaryQuickBooks pricing increases for AI features https://quickbooks.intuit.com/pricing-changes-ai-features-2025Puzzle AI accounting platform pricing https://puzzle.io/pricingDigits AI bookkeeping service costs https://digits.com/pricing-plansUplink AI bookkeeping pricing structure https://uplink.com/ai-bookkeeping-pricingAltman Dublin AI accounting company funding https://altman.ie/series-a-funding-announcementPerplexity Labs spreadsheet creation feature https://labs.perplexity.ai/spreadsheet-toolsMicrosoft Office bundling strategy vs Lotus 123https://www.computerhistory.org/excel-lotus-competitionMeet our Guest, Chayton FarleeLinkedIn: https://www.linkedin.com/in/chaytonfarlee/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website -

What happens when Congress votes to eliminate the watchdog that's overseen public company audits for two decades? In this episode, Blake Oliver sits down with three leading accounting academics—Maureen McNichols from Stanford, Nemit Shroff from MIT, and Daniel Aobdia from Penn State—to examine the research behind the PCAOB's effectiveness and what elimination could mean for audit quality. You'll discover why companies with clean audit inspections can raise capital more easily, how the infamous "40% deficiency rate" actually works, and why these researchers believe dismantling the PCAOB could undermine trust in U.S. capital markets. The conversation reveals the hidden economics of audit oversight and explains why there hasn't been a major public company fraud since Enron and WorldCom.Chapters(00:49) - Legislation Impact on Audit Oversight (01:10) - Meet the Experts (02:59) - Discussion on PCAOB's Elimination (08:17) - Research Insights on PCAOB's Effectiveness (20:11) - Deficiency Rates and Audit Quality (24:50) - Economic Impact of Fraud and PCAOB's Role (25:20) - Regulatory Model of the PCAOB (25:59) - Incentive Structure and Audit Quality (26:59) - Inspection Deficiency Rates (28:54) - Restatement Rates vs. Deficiency Rates (30:23) - Auditor-Client Relationship Tensions (31:42) - Documentation Issues in Audits (35:15) - Effectiveness of PCAOB Inspections (37:49) - Impact of PCAOB on Financial Reporting Quality (40:33) - Potential Elimination of the PCAOB (44:00) - Conclusion and Final Thoughts Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comhttps://earmark.app/Download the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guests:Maureen McNichols https://www.gsb.stanford.edu/faculty-research/faculty/maureen-mcnicholsNemit Shroffhttps://mitsloan.mit.edu/faculty/directory/nemit-shroffDaniel Aobdia https://directory.smeal.psu.edu/dza5396Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

Good news for the accounting profession: Recent research shows that progress is being made in getting more young people interested in pursuing an accounting career. In this episode, we speak with Liz Barentzen of the Center for Audit Quality, who breaks down the significant findings of this study. We explore the factors contributing to this trend and discuss actions the profession can take to continue attracting and retaining talented young professionals. Resources:Expanding the Accounting Profession Pipeline reportCPA Pipeline Knowledge Hub

Good news for the accounting profession: Recent research shows that progress is being made in getting more young people interested in pursuing an accounting career. In this episode, we speak with Liz Barentzen of the Center for Audit Quality, who breaks down the significant findings of this study. We explore the factors contributing to this trend and discuss actions the profession can take to continue attracting and retaining talented young professionals. Resources:Expanding the Accounting Profession Pipeline reportCPA Pipeline Knowledge Hub

Good news for the accounting profession: Recent research shows that progress is being made in getting more young people interested in pursuing an accounting career. In this episode, we speak with Liz Barentzen of the Center for Audit Quality, who breaks down the significant findings of this study. We explore the factors contributing to this trend and discuss actions the profession can take to continue attracting and retaining talented young professionals.Resources:Expanding the Accounting Profession Pipeline reportCPA Pipeline Knowledge Hub

(0:00) Intro(1:13) About the podcast sponsor: The American College of Governance Counsel(2:00) Start of interview(2:45) Amy's origin story(3:25) Her start in corporate governance(5:02) About the implosion of Arthur Andersen (she worked there from 1993 to 2002) (7:00) Her time at BDO USA for the past 21 years and founding the BDO Center for Corporate Governance(11:50) AI governance and board approaches to new technologies.(13:53) Technology savviness or literacy of directors. (15:32) Where does technology and AI fit in the board (full board v. committees) (17:53) Climate disclosures and evolution of ESG "ESG is considered a four-letter word at this point"(21:26) Evolving geopolitical landscape and challenges to globalization.(24:25) CEO Succession Challenges(26:40) CEO Compensation Insights and Private vs. Public Company Governance (including VC and PE)(33:30) Thoughts on new SEC guidance limiting shareholder proposals on ESG issues and expanding disclosure requirements for large asset managers ("passive investors") engaging with companies on ESG issues (shifting from 13G to 13D). The rise of private markets.(38:33) Future Governance Challenges "[F]or the next 12 months; 1) strengthening of AI and technology usage and oversight, 2) Continuing to evolve enterprise risk management, and 3) Ensuring effective cybersecurity and data protection policies." Other than that: talent management, board evaluations.(42:08) Evolving Board Structures(44:07) Books that have greatly influenced her life:The Notebook by Nicholas Sparks (1996)(45:31) Her mentors.(47:20) Quotes that she thinks of often or lives her life by: "Water finds its level." and "You'll never achieve what you don't make known that you want."(48:19) An unusual habit or an absurd thing that she loves. (48:54) The living person she most admires.(49:50) BDO USA governance podcastAmy Rojik is managing partner of corporate governance at BDO USA, and director and founder of the BDO Center for Corporate Governance. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Nosipho Radebe speaks to Imre Nagy, CEO at Independent Regulatory Board for Auditors (IRBA)See omnystudio.com/listener for privacy information.

What if the numbers we use to measure audit quality are fundamentally flawed? PCAOB Board Member Christina Ho reveals why the headline-grabbing 46% deficiency rate in public company audits deserves serious scrutiny. In this candid conversation, Ho explains why smaller audit firms face disproportionate regulatory burdens, how the PCAOB's inspection approach may distort quality metrics, and why less than 5% of "deficient" audits result in incorrect opinions. She also shares her experience of being publicly criticized by Senator Elizabeth Warren for challenging the status quo. Whether you're an auditor, investor, or financial professional, this insider perspective will transform how you interpret future audit quality statistics.Chapters(00:58) - Explaining the PCAOB (01:59) - Inspection and Enforcement Programs (03:53) - Sampling and Inspection Frequency (05:58) - Challenges for Smaller Audit Firms (10:50) - State of Audit Quality (14:03) - Deficiency Rates and Their Implications (31:34) - PCAOB's Role and Accountability (37:11) - Has the PCAOB Improved Audit Quality? (49:23) - Public Dispute with Senators (54:32) - Conclusion and Final Thoughts Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comhttps://earmark.app/Download the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guest, Christina Hohttps://pcaobus.org/about/the-board/board-bios/christina-hoConnect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

How does a profession revitalize itself when salaries haven't budged since 2007? In this episode, Blake and David examine the shocking reality that Big Four audit associates in Chicago earn the same salary range today as they did nearly two decades ago. They also explore why accounting's value proposition has stagnated in a world where financial statements fail to capture what truly matters to modern investors, and you'll hear their take on the IRS's plan to cut 50% of its workforce, Social Security's future, and the economic impact of tariffs—including a surprising clip from Ronald Reagan himself. Plus, learn how over 30 states are now advancing legislation to eliminate the 150-hour rule that has long been blamed for declining CPA candidates.SponsorsOnPay - http://accountingpodcast.promo/onpayBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Chapters(00:49) - BOI Reporting Requirements Halted (02:00) - Impact of BOI Reporting Suspension (05:12) - IRS Layoffs and Their Implications (11:56) - Reagan's Take on Tariffs (15:58) - Trump's Tariffs and Fentanyl Production (19:59) - OnPay Updates (24:50) - Economic Optimism Among CPAs (27:10) - Strategic Crypto Reserve (30:30) - Elon Musk on Social Security (37:49) - Earmark Webinar Highlights on CPA Licensure Changes (40:17) - Audit Associate Salary Stagnation (43:32) - CPA Supervision and Work Experience Challenges (44:48) - Audit Quality and Firm Economics (47:46) - Intangible Assets and Financial Reporting (59:03) - Expense Card Industry Updates (01:04:26) - US Debt and Economic Power  Show Notes The IRS Is Reportedly Planning to Cut Up to 45,000 Workers — Half of Its Workforcehttps://www.entrepreneur.com/business-news/irs-planning-mass-layoffs-cutting-half-of-workforce-report/487974 President Reagan's Radio Address on Free and Fair Trade on April 25, 1987https://www.youtube.com/watch?v=5t5QK03KXPc Trump's Tariffs Set Off Day of Anger, Retaliation and Market Uneasehttps://www.nytimes.com/live/2025/03/04/us/tariffs-us-canada-mexico-china Domestic economic sentiment declines 20 percentage points among CPA execshttps://www.journalofaccountancy.com/news/2025/mar/domestic-economic-sentiment-declines-20-percentage-points-among-cpa-execs.html Trump signs order to establish strategic bitcoin reservehttps://www.reuters.com/technology/trump-signs-order-establish-strategic-bitcoin-reserve-white-house-crypto-czar-2025-03-07/ Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpilehttps://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/ Elon Musk's Social Security Comments Called Out by Former Administratorhttps://www.newsweek.com/elon-musk-social-security-comments-ponzi-scheme-martin-omalley-2042006 85% of Americans Willing to Raise Taxes to Save Social Security, Survey Showshttps://finance.yahoo.com/news/85-americans-willing-raise-taxes-133018876.html Erica Goode's LinkedIn Post on Salary Declineshttps://www.linkedin.com/posts/erica-goode-cpa-00205616_thisindustry-icanteven-activity-7300526290778869762-hqph/ Will Debt Sink the American Empire?https://www.wsj.com/politics/policy/will-debt-sink-the-american-empire-8459096b FASB Requests Feedback Related to Intangible Assetshttps://dart.deloitte.com/USDART/home/news/all-news/2024/dec/fasb-invitation-to-comment-intangible-assets Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast:

Jenny Faulkner and Gemma Archer discuss the FRC's 2025 campaign to support UK SMEs and how the market study presents a once-in-a-lifetime opportunity for firms to have their say and impact the future of the audit profession from an SME perspective.For more information on this topic and more, please visit www.mercia-group.com for further details.

Is the U.S. heading toward a financial cliff? In this eye-opening episode, Blake and David unpack the Government Accountability Office's sobering projection that federal debt will double the size of the economy by 2047. While exploring recent DOGE initiatives and IRS layoffs, they examine whether drastic government spending cuts are inevitable—and necessary.Meanwhile, Virginia and Tennessee join the growing movement to reform CPA licensure requirements by offering pathways that don't require 150 credit hours. Could these changes be the key to increasing diversity more effectively than corporate DEI programs?You'll also discover why the $400 million PCAOB budget might be on the chopping block, how AI research tools like Perplexity Deep Research are revolutionizing tax research, and get the latest update on the ever-shifting BOI reporting deadlines. Whether you lean left, right, or stay strictly in the debits and credits, this episode offers practical insights for navigating the changing professional landscape.SponsorsOnPay - http://accountingpodcast.promo/onpayCPA.com - http://accountingpodcast.promo/cpaBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)Chapters(02:16) - Apologies and Clarifications (04:37) - IRS Layoffs and Government Spending (05:32) - Live Stream Interactions and Sponsorships (06:47) - Federal Debt and Fiscal Health (16:58) - BOI Reporting Deadline Extension (19:05) - Deloitte's DEI Changes (23:26) - CPA Licensure Pathways (28:37) - DOGE Dividend Proposal (33:14) - Social Security and Medicare Funding Challenges (35:40) - Impact of IRS Layoffs (38:13) - Audit Rates and Tax Compliance (42:16) - Regulatory Burdens and Economic Growth (50:09) - PCAOB and Audit Quality (59:54) - AI in Tax Research (01:05:38) - Listener Engagement and Final Thoughts  Show NotesGAO-24-106987, The Nation's Fiscal Healthhttps://www.gao.gov/assets/d24106987.pdf Corporate Transparency Act Enforcement Injunction Stayed, FinCEN Extends the Beneficial Ownership Information Reporting Deadline to March 21, 2025, and Announces Intention to Revise the Reporting Rulehttps://www.sidley.com/en/insights/newsupdates/2025/02/corporate-transparency-act-enforcement-injunction-stayed Trump Demands Apple Ditch DEI After It Rejects Proposal: Here Are All The Companies Cutting Diversity Programshttps://www.forbes.com/sites/conormurray/2025/02/26/trump-demands-apple-ditch-dei-after-it-rejects-proposal-here-are-all-the-companies-cutting-diversity-programs/ Breaking down Virginia's new CPA requirements: What you need to knowhttps://www.blakeoliver.com/blog/breaking-down-virginias-new-cpa-requirements-what-you-need-to-know Virginia General Assembly passes legislation widening pathways to CPA licensure effective Jan. 1, 2026https://boa.virginia.gov/2025/02/virginia-general-assembly-passes-legislation-widening-pathways-to-cpa-licensure-effective-jan-1-2026/ Bridging the Gap: New CPA Licensure Legislation To Address the CPA Shortagehttps://www.tscpa.com/news/1490-bridging-the-gap-new-cpa-licensure-legislation-to-address-the-cpa-shortage $5,000 DOGE check? Trump backs idea to send some savings to Americanshttps://www.fox9.com/news/5000-doge-dividend-check-trump-backs-savings-americans IRS plans to lay off 7,000 probationary workers beginning Thursday, AP source sayshttps://apnews.com/article/irs-layoffs-trump-elon-musk-doge-df2b3c8d53ff9f2d276c8b29f8004dde AICPA CEO Mark Koziel on the Future of Accounting Under the Trump Administrationhttps://www.nysscpa.org/news/publications/the-trusted-professional/article/aicpa-ceo-mark-koziel-on-the-future-of-accounting-under-the-trump-administration-021225 Perplexity Unveils Deep Research: AI-Powered Tool for Advanced Analysishttps://www.infoq.com/news/2025/02/perplexity-deep-research/ TaxGPT Raises $4.6M to Build the First AI Tax Co-Pilot for Accounting and Tax Firmshttps://www.taxgpt.com/blog/taxgpt-raises-4-6m-to-build-the-first-ai-tax-co-pilot-for-accounting-and-tax-firms DeepSeek on par with GPT, Claude, Llama for accountinghttps://www.accountingtoday.com/news/deepseek-on-par-with-gpt-claude-llama-for-accounting Secure your Intuit Account and prevent lockout with extra verification methodshttps://quickbooks.intuit.com/learn-support/en-us/help-article/security-risk/verify-account-multi-factor-authentication/L2Xp0GNiT_US_en_US Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and ...

Blake and David dive into major industry news, including Ohio ending the 150-hour CPA rule, setting a potential precedent for other states. They also discuss the Blackston acquisition of Citrin Cooperman and explore the implications of private equity involvement in accounting firms. Moving on, they examine workplace trends, including new data revealing that 61% of medium and large employers now require minimum in-office days, and debate the effectiveness of Net Promoter Scores (NPS) in accounting firms.SponsorsOnPay - http://accountingpodcast.promo/onpayBoomTax - http://accountingpodcast.promo/boomtaxTaxBandits - http://accountingpodcast.promo/taxbanditsBasil - http://accountingpodcast.promo/basilChapters(01:03) - Private Equity in Accounting Firms (03:14) - Personal Update: Blake's Hand Injury (05:18) - California's Insurance Crisis (13:57) - Ohio Ends the 150-Hour Rule (22:02) - App News: OnPay, SafeSend, and More (30:16) - Carvana's Questionable Accounting Practices (36:36) - Return to Office Policies (40:01) - RTO Policies and Office Leases (41:15) - Client Satisfaction and Net Promoter Score (42:53) - Debate on the Effectiveness of NPS (44:20) - Implementing NPS in Accounting Firms (52:03) - PCAOB Fines and Audit Quality (01:03:15) - Bitcoin and Government Policies (01:06:54) - Private Equity in Accounting Firms (01:15:07) - Earmark App and CPE Credits  Show NotesReturn-to-office policies gain steamhttps://www.cfo.com/news/return-to-office-policies-gain-steam-remote-work-hybrid-wtw-resume-org/735710Citrin Cooperman, a Leading Professional Services Firm, to Receive Significant Investment as Blackstone Acquires Stake from New Mountain Capitalhttps://www.blackstone.com/news/press/citrin-cooperman-a-leading-professional-services-firm-to-receive-significant-investment-as-blackstone-acquires-stake-from-new-mountain-capital/Ohio is the first state to end the 150-hour rule for CPA licensurehttps://www.blakeoliver.com/blog/ohio-first-state-to-end-the-150-hour-rule-for-cpa-licensureOhio gov signs alternative CPA licensure pathway bill into lawhttps://www.cfodive.com/news/ohio-gov-signs-alternative-cpa-licensure-pathway-bill-law-accounting-aicpa/736942/Thomson Reuters Acquires SafeSend, Expanding Tax Automation Capabilitieshttps://www.thomsonreuters.com/en/press-releases/2025/january/thomson-reuters-acquires-safesend-expanding-tax-automation-capabilities.htmlXero Partners with Gusto to Offer Integrated Payroll Solutionhttps://www.wellesleyhillsfinancial.com/2025/01/05/xero-partners-with-gusto-to-offer-integrated-payroll-solution/Sync your transactions to QuickBooks Desktop with Ramp's direct integrationhttps://ramp.com/integrations/quickbooks-desktopHindenburg Research short on used-car retailer Carvanahttps://www.reuters.com/business/autos-transportation/hindenburg-research-short-used-car-retailer-carvana-2025-01-02/Enforcement Activity Involving Auditors – 2024 Mid-Year Updatehttps://www.brattle.com/wp-content/uploads/2024/08/Enforcement-Activity-Involving-Auditors-2024-Mid-Year-Update.pdfAmid Barely ‘Average' Client Satisfaction, Why Aren't More Firms Using NPS to Improve?https://insidepublicaccounting.com/2024/07/16/amid-barely-average-client-satisfaction-why-arent-more-firms-using-nps-to-improve/The federal government just got the greenlight to sell $6.5 billion in Bitcoin seized from Silk Roadhttps://fortune.com/crypto/2025/01/09/federal-government-allowed-sell-bitcoin-silk-road-courts/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube:

Blake and David explore Intuit's new Enterprise Suite, a product that appears to compete with NetSuite in the mid-market ERP space. They alsodiscuss a major audit failure by PwC in China related to Evergrande, raising concerns about the ethics and integrity at large accounting firms.They also discuss the tragic death of a young accountant at EY in India due to overwork and explore the implications of OpenAI's latest modeloutperforming humans on IQ tests.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowThe Small Business Research Institute - http://accountingpodcast.promo/ceanowSafeSend - http://accountingpodcast.promo/safesendChapters(01:32) - Intuit's New ERP System (03:43) - Target Market and Pricing Concerns (06:11) - Comparing to Competitors (18:18) - PwC's Massive Fine in China (19:04) - Evergrande's Financial Collapse (26:59) - The Bigger Picture of Audit Quality (30:08) - Australian Accountants and the PwC Debacle (31:05) - Tragic Death of EY Employee in India (33:16) - The Hypocrisy of Overwork in the Big Four (40:42) - OpenAI's New Model: A Game Changer (49:43) - Driverless Cars: The Future of Transportation (53:15) - NASBA's New Competency-Based CPA Pathway (01:01:23) - Conclusion and Farewell  Show NotesIntuit Introduces Intuit Enterprise Suite to Help Businesses Grow, Streamline Operations, and Scalehttps://investors.intuit.com/news-events/press-releases/detail/1213/intuit-introduces-intuit-enterprise-suite-to-help-businesses-grow-streamline-operations-and-scale PwC faces record fine over Evergrande audit in Chinahttps://finance.yahoo.com/news/pwc-faces-record-fine-over-131518742.html Death of young Ernst & Young employee raises questions about workplace culturehttps://www.nbcnews.com/news/world/death-young-ernst-young-employee-raises-questions-workplace-culture-rcna171945 Comparison of Models: Quality, Performance & Price Analysishttps://artificialanalysis.ai/modelsWaymo significantly outperforms comparable human benchmarks over 7+ million miles of rider-only drivinghttps://waymo.com/blog/2023/12/waymo-significantly-outperforms-comparable-human-benchmarks-over-7-million AICPA, NASBA propose a new pathway to CPA licensurehttps://www.journalofaccountancy.com/news/2024/sep/cpa-competency-based-licensure-pathway.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Forwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In our 400th episode, Blake and David dive into the controversial world of audit quality and Big Four accounting firms. They also discuss a listener's critical email about their audit coverage, explore recent audit failures and deficiencies, and debate the underlying incentives in the audit industry. The discussion turns to workplace culture issues at major firms and potential solutions to improve audit quality. SponsorsOnPay - http://accountingpodcast.promo/onpay Zoho - http://accountingpodcast.promo/zohoMakers Hub - http://accountingpodcast.promo/makershubChapters(01:05) - Listener Email: Criticism of Audit Discussions (01:59) - Reading and Responding to Connor's Email (05:19) - Understanding Audit Deficiencies (07:46) - Audit Quality and Deficiency Rates (13:26) - EY's Audit Deficiency and Industry Comparison (15:28) - The Business Model of Big Four Firms (19:13) - Challenges in the Audit Profession (19:39) - Listener Feedback and Commentary (35:33) - Super Micro Accounting Scandal (43:53) - AI's Impact on Auditing (44:11) - The Tipping Point: Media Coverage and Reactions (44:40) - Audit Issues and Historical Context (46:10) - The Role of Consulting in Audit Firms (48:04) - Materiality and Audit Quality (51:32) - The Future of Auditing and AI (53:16) - EY's Secret Drinking Club Controversy (01:15:35) - Addressing the CPA Crisis (01:19:10) - Listener Mail and Final Thoughts  Show NotesPCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts To Boost Transparencyhttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-posts-2023-annual-inspection-reports-alongside-staff-observations-new-charts-to-boost-transparencySuper Micro: Fresh Evidence Of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High Flyerhttps://hindenburgresearch.com/smci/AI Spotted Super Micro Risks Two Years Before Filing Fiascohttps://www.forbes.com/sites/noahbarsky/2024/08/30/ai-spotted-super-micro-risks-two-years-before-filing-fiasco/EY's PR nightmare: A ‘secret drinking club', misconduct allegations and resignationshttps://www.stuff.co.nz/nz-news/350292387/eys-pr-nightmare-secret-drinking-club-misconduct-allegations-and-resignationsSuper Micro shares fall 19% on filing delay, Hindenburg Research reporthttps://www.cnbc.com/2024/08/28/super-micro-shares-fall-23percent-on-filing-delay-hindenburg-research-report.htmlWho Wants to See How Much Big 4 Revenue by Service Line Has Changed Since SOX?https://www.goingconcern.com/who-wants-to-see-how-much-big-4-revenue-by-service-line-has-changed-since-sox/PCAOB releases two new, divergent inspection reports for Canadian accounting firmshttps://www.canadian-accountant.com/content/practice/pcaob-inspection-reports-deloitte-kreston-gtaRethinking Rankings: The Top 100 Firms — Adjustedhttps://www.vision.cpa/blog/Rethinking%20Rankings:%20Revenue%20Per%20EmployeeNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Make room for Adam Olsen and Matt Fisser as they discuss all of the recent accounting and finance stories you need to know, including:The FASB recently completed its Conceptual Framework with a new and final chapter on measuring assets and liabilities recognized in financial statements.Tentative decisions from the FASB on EITF issues centered on induced conversions of convertible debt instruments.Another FASB tentative decision, determining the acquirer in the acquisition of a VIE.Targeted amendments to the IASB's IFRS standards on first-time adoption of IFRS, financial instruments, consolidated financial statements, and statement of cash flows.A Center for Audit Quality report found that 98% of companies disclosed some level of ESG-related information in 2022, 70% obtaining some degree of voluntary assurance.CA Governor Gavin Newsom proposed delaying the implementation of California Senate Bills 253 and 261 by two years, from 2026 to 2028.Discussion on the CrowdStrike/Windows outage and what it might mean for public companies subject to the SEC's new cybersecurity disclosure rules.For more on this week's topics:FASB Issues New and Final Chapter of Its Conceptual Framework: MeasurementFASB: Tentative Board Decisions 07-17-24 (induced conversions/VIE)IASB issues annual improvements to IFRS Accounting StandardsS&P 500 ESG Reporting and Assurance AnalysisAct to amend Sections 38532 & 38533 of the Health and Safety Code, relating to GHGPublic Company Cybersecurity Disclosures; Final RulesConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

Julie Bell Lindsay, CEO at the Center for Audit Quality, talks about embracing your mistakes instead of hiding them, adapting to change both personally and professionally, and being honest about what we know and don't know. Special Guest: Julie Bell Lindsay.

Ami Beers, CPA, CGMA, senior director–Assurance & Advisory Innovation for AICPA & CIMA, joins the JofA podcast for this episode to guide CPAs on how to approach the new SEC rule on climate-related disclosures. The SEC adopted the rule March 6. But, about a month later, it put a stay on the rule's implementation, in response to multiple legal challenges to the rule. Some argued that the SEC overstepped its authority, and others said the SEC didn't do enough. Either way, it's likely the rule will affect corporate reporting going forward, despite the lack of clarity now. Beers explains that and more, underscoring the importance of not waiting to understand the rule. Resources n  May 23 webinar mentioned by Beers n  AICPA and Center for Audit Quality summary document n  JofA March 6 article on rule adoption n  JofA March 14 need-to-know summary  What you'll learn from this episode: ·         Ami Beers' rundown of the recent timeline of sustainability reporting and the SEC's adoption of its rule on climate-related disclosures. ·         What the data, in multiple surveys from the AICPA and the International Federation of Accountants, shows about companies' reporting on climate information. ·         What's next regarding the legal challenges affecting the rule. ·         Why Beers said “there's a lot to unpack” regarding the rule. ·         Why, despite legal hurdles, Beers believes the rule should remain on CPAs' radar. ·         The importance of legislation in the European Union and California on climate-related reporting.

Topics discussed in this episode include:Top takeaways from the Audit Quality StudyWhich sections of an EBP audit have the highest rates of errorsThe questions to ask your audit firm to determine whether they have the experience your business needsEpisode resources:Watch episodes of The 401(k) Audit CPA Success Show on YouTube.Learn more about the Anders 401(k) process and pricing.Request a 401(k) audit consultation

Key Takeaways:Using AI and predictive capability is not new but generative AI brings AI to the mainstream due to its human-like communication and ease of accessibility to companies of all sizes. For boards to properly oversee AI risk, they need to require management to establish a model risk management process along with a model risk governance framework around AI implementation that includes standardization of algorithms, governance and ethical considerations as well as validation of data inputs and outputs.Moving to AI changes the human role and underscores the need for a strong risk culture and exercising of healthy skepticism to contend with potential bias, complexity and lack of integrity within both data sets and AI algorithms.Underlying data sets must be of high quality and representative of population they are intending to serve – free from bias, properly labeled and annotated.Boards, management and auditors will need to continue to stay apprised of what is sure to be a continually evolving standard setting and rule-making environment as technologies continue to evolve.

Lee Eagling is joined by Jenny Faulkner to discuss the themes highlighted by Mercia's internal file review quality review checks and compare these to recent audit monitoring findings issues by the QAD. For more information on this topic and more, please visit www.mercia-group.com for further details.

Lee Eagling discusses recent audit sanctions and how findings from these cases link to audit quality issues we find in our file reviews. For more information on this topic and more, please visit www.mercia-group.com for further details.

Silicon Valley Bank (SVB) collapsed spectacularly in early 2023......just 2 weeks after KPMG gave a clean audit report. Why did the bank collapse? And what factors led to KPMG being implicated? Ben explores these questions in this edition of the audit cast.

In this episode, Brad provides insight into the FASB Codification, a tentative decision on accounting for software costs and the results of the Center for Audit Quality's audit quality reports analysis. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources:FASB CodificationCenter for Audit Quality – Audit Quality Reports AnalysisAccounting & Auditing Knowledge HubJoin the NJCPA Accounting & Auditing Standards Interest Group

Julie Bell Lindsay is CEO of the Center for Audit Quality, a nonprofit public policy organization representing U.S. public company auditors.Previously, Julie served as Managing Director and the Deputy Head of Global Regulatory Affairs at Citigroup, where she worked to formulate and execute regulatory policy strategy. Lindsay also managed Citigroup's $20 billion TARP repayment and $58 billion exchange offers in 2009. Julie previously counseled on Sarbanes-Oxley and other public company disclosure requirements at the SEC and in private practice. She holds degrees from The Ohio State University and Vanderbilt School of Law.On this episode of Outside In, Julie talks with Jon about what the accounting and auditing profession gets right, what it gets wrong, making it relevant for the future and attractive to the next generation. They discuss fraud and the CAQs public mission.

Welcome to the Financial Institution Insights podcast. In this In the Spotlight series, hosts Susan Weber and Brooke Wells interview colleagues from BerryDunn's Financial Services Practice Group to explore their areas of expertise and interests. In this episode, we talk to Principal Todd Desjardins. He discusses his many roles at the firm, including being the firm's Quality Assurance Principal, his work with broker-dealers, financial institutions, and more.

In this episode, CII General Counsel interviews Albert L. Nagy, Professor of Accountancy at John Carroll University. Professor Nagy is one of the co-authors of a recent research paper entitled “CPAs and Big 4 Office Audit Quality.”

In this episode, CII General Counsel Jeff Mahoney interviews Lauren Cunningham, the Keith Stanga Professor of Accounting at the University of Tennessee Knoxville and Director of Research for the C. Warren Neel Corporate Governance Center, and Sarah Stein, associate professor and the Deloitte Foundation Faculty Fellow in the department of Accounting and Information Systems at Virginia Tech. Professors Cunningham and Stein are two of the co-authors of a new report, developed with the Center for Audit Quality, entitled  "Audit Committee: The Kitchen Sink of the Board."

Link to Part I: https://www.podbean.com/media/share/pb-agrfe-12a9555 Author, editor, speaker, and educator, Dr. Blake Curtis is joined by Red Cross's Senior Internal Auditor Niki Gomes to talk about everything from growing up in a small town to completing his master's degree in 10 weeks and publishing his 600-page dissertation in this ISACA Industry Spotlight episode. In a meaningful conversation, Blake discusses how surviving a near-death experience transformed and motivated him to expand his understanding of what it means to be a human. He was inspired to supercharge his learning, career journey, and personal growth. Making the decision to become intentional in every interaction and giving 100% of his effort in every initiative, he blazed his path to success. At the 2022 ISACA North America Conference, Blake presented his findings from his ground-breaking and internationally known dissertation, "The Next Generation Cybersecurity Auditor.” His research discovered a technical competency gap in Big Four IT Auditors and SMEs and debunked the 10,000-hour rule and "years of experience" fallacy. His study proved that task-based experience is more objective than time-based experience. Blake is also the author of "How to Complete Your Master's Degree in One Semester," which has assisted over 150 students to complete their master's degrees in record-setting times. Along his journey, he has earned over 30 IT certifications and gained additional impressive certificates for engineering, advising, managing, and leadership. Blake has an abundance of experience to share with ISACA's audience.  Tune in now to be inspired, uplifted, and enlightened by his techniques, advice, and wisdom that can help boost your career! Below you can find materials and resources that Blake would like to share with our audience. Links: How to regulate a profession pg. 261 and 265 of Creating the Next Generation Cybersecurity Auditor: Examining the Relationship between It Auditors' Competency, Audit Quality, & Data Breaches - ProQuest Debunking Years of Experience: https://www.linkedin.com/posts/reginaldblakecurtis_science-hiring-experience-activity-6951573321901621248-cygl?utm_source=linkedin_share&utm_medium=member_desktop_web Videos Equitable Hiring YouTube Series link: https://www.youtube.com/watch?v=IsnoCNIA2WU&list=PLfr4LANhCPrCXIc6V_h_k2dyKwPP7wJJa Tools Inoreader: Inoreader - Take back control of your newsfeed Anki Notecards (Spaced Repetition): About - AnkiWeb Notion Books Art of Conversation – Judy Apps Verbal Judo – George Thompson The Science of Self-Learning – Peter Hollins Finish What Your Start – Peter Hollins The Power of Discipline – Daniel Walter

Link to Part II: https://www.podbean.com/media/share/pb-ma96i-12af3bf Author, editor, speaker, and educator, Dr. Blake Curtis is joined by Red Cross's Senior Internal Auditor Niki Gomes to talk about everything from growing up in a small town to completing his master's degree in 10 weeks and publishing his 600-page dissertation in this ISACA Industry Spotlight episode. In a meaningful conversation, Blake discusses how surviving a near-death experience transformed and motivated him to expand his understanding of what it means to be a human. He was inspired to supercharge his learning, career journey, and personal growth. Making the decision to become intentional in every interaction and giving 100% of his effort in every initiative, he blazed his path to success. At the 2022 ISACA North America Conference, Blake presented his findings from his ground-breaking and internationally known dissertation, "The Next Generation Cybersecurity Auditor.” His research discovered a technical competency gap in Big Four IT Auditors and SMEs and debunked the 10,000-hour rule and "years of experience" fallacy. His study proved that task-based experience is more objective than time-based experience. Blake is also the author of "How to Complete Your Master's Degree in One Semester," which has assisted over 150 students to complete their master's degrees in record-setting times. Along his journey, he has earned over 30 IT certifications and gained additional impressive certificates for engineering, advising, managing, and leadership. Blake has an abundance of experience to share with ISACA's audience.  Tune in now to be inspired, uplifted, and enlightened by his techniques, advice, and wisdom that can help boost your career! Below you can find materials and resources that Blake would like to share with our audience. Links: How to regulate a profession pg. 261 and 265 of Creating the Next Generation Cybersecurity Auditor: Examining the Relationship between It Auditors' Competency, Audit Quality, & Data Breaches - ProQuest Debunking Years of Experience: https://www.linkedin.com/posts/reginaldblakecurtis_science-hiring-experience-activity-6951573321901621248-cygl?utm_source=linkedin_share&utm_medium=member_desktop_web Videos Equitable Hiring YouTube Series link: https://www.youtube.com/watch?v=IsnoCNIA2WU&list=PLfr4LANhCPrCXIc6V_h_k2dyKwPP7wJJa Tools Inoreader: Inoreader - Take back control of your newsfeed Anki Notecards (Spaced Repetition): About - AnkiWeb Notion Books Art of Conversation – Judy Apps Verbal Judo – George Thompson The Science of Self-Learning – Peter Hollins Finish What Your Start – Peter Hollins The Power of Discipline – Daniel Walter

In this episode, CII General Counsel Jeff Mahoney interviews Bob Conway, the Author of "The Truth About Public Accounting - Understanding and Managing the Risks the Auditors Bring to the Audit."

Big 4 firms have experienced major issues performing audit service for firms in India in recent years that has left them dealing with scandals and fighting off multi-year bans, big fines and even criminal charges.  Let's talk about the real problem and how we can turn it around.Read more - https://nxtstep.io/audit-quality-problem/How and where to connect with Sean: Website Daily List YouTube Connect with Sean on LinkedIn Email Sean at sean@nxtstep.io To learn how to boost the profitability of your firm without hiring by taking my 5 day email course at http://bottleneckbuster.com/

On this episode of Breaking Down Business, we hear from Ryan Ballestero, Ph.D., assistant professor of accounting at the Ambassador Crawford College of Business and Entrepreneurship. Dr. Ballestero discusses how he brings his former experience as an auditor into the classroom, his research in the areas of organizational culture as it impacts audit quality as well as his work with the Ph.D. Project.

Margot Cella is a research and public policy analyst, and Vice President of Research and Anti-Fraud Initiatives at the Center for Audit Quality (CAQ). The CAQ is dedicated to enhancing investor confidence and public trust in the global capital markets. Margot shares how the CAQ is intersecting the accounting and legal compliance professions to improve corporate culture and financial reporting. The CAQ was founded post-Sarbanes-Oxley era by the largest accounting firms, who thought it was necessary to have an organization to serve as the voice of the profession. As a non-partisan, public policy organization, the CAQ frequently works with the PCAOB and the SEC. A notable initiative they carry out is convening capital market stakeholders to advance the discussions of critical issues affecting either audit quality or public company reporting.[4:08] One thing that should be recognized is that professionals in finance are skilled with data, processes and controls. They are always innovating ways to build systems that detect or monitor enterprise and fraud risks, and raise a red flag when something goes beyond what should be a normal transaction or activity. Compliance professionals should be part of these conversations, as their work is impacted by these systems.   Resources Margot Cella on LinkedIn AntiFraudCollaboration.org To learn more, and contact Vincent Walden, please visit Alvarez and Marsal 

In this episode, Jacco Moison from the FMA talks with Claire Grayston FCPA about how well audit firms managed under the restrictions of COVID-19, the uptake of technology, how firms have responded to the key findings and examples of best practice.

Enhancing Audit Quality Focus And Trends In 2021 by Wolters Kluwer

Our latest 10-minute accounting and auditing update addresses FASB's adoption of the 2021 SEC reporting taxonomy; lease standard reminders; the Center for Audit Quality's guidance about external auditors' responsibilities with regard to illegal acts; and significant upcoming changes to employee benefit plan audits. Mentioned in this episode:2021 SEC Reporting Taxonomy - https://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176175722790Illegal Acts: The External Auditor's Responsibilities - https://www.thecaq.org/illegal-acts-the-external-auditors-responsibilities/EBP audits set for major changes, more transparency - https://www.journalofaccountancy.com/news/2021/sep/ebp-audits-changes-transparency.html

ESG is the acronym for Environmental Social Governance. In this episode, Tom and Phil are joined by Dennis McGowan, CPA and Senior Director at The Center For Audit Quality. Dennis talks about what ESG reporting is, why it's important, and why every industry should be paying attention to it. He discusses standard frameworks that companies use for reporting, and how reporting could change in the future.Highlights:0:56 What is ESG?3:13 Why is ESG important?7:57 Why investors are interested in ESG information9:36 How public companies report their ESG information12:58 Common frameworks used for reporting16:38 Trends in ESG reporting18:52 Why the oil and gas industry should be paying attention to ESG reporting25:56 What the future of ESG reporting could look likeAbout Dennis McGowan:Dennis J. McGowan, CPA is a Senior Director, Professional Practice at the Center for Audit Quality. His duties include leading technical and policy-oriented projects to identify, develop, and seek consensus on issues affecting the public company auditing profession. This includes drafting comment letter responses to regulators, developing thought leadership publications, engaging with stakeholders, and responding to technical inquiries.Before joining the CAQ, McGowan served as a Senior Manager at PwC, where he specialized in auditing public and private asset management companies, broker dealers, and private equity funds.Connect with Dennis and The CAQ:Email | Website |LinkedIn | Twitter | FacebookAbout SherWare, Inc.If you're enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform -- and we're the only software on the market that can integrate with your QuickBooks company.Click here to watch a demo of the software in action right now.About COPAS:COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.Find a society near you.www.copas.org

The Australian taxpayer pays for the development of auditing standards but there is typically little interest in the process unless there is a controversy related to a company or firm. What the Auditing and Assurance Standards Board does is critical in ensuring the standards regulating audits and other assurance services are fit for purpose and designed to ensure auditors are focused on doing all that is necessary to come up with an audit opinion based on sufficient and appropriate evidence. Experts from the AUASB, Matt Zappula and Renee Herman, join Tom Ravlic to look at a critical area in regulation. See acast.com/privacy for privacy and opt-out information.

In this episode, CII general counsel Jeff Mahoney interviews professor Preeti Choudhary, Eller College of Management, University of Arizona , co-author of  The Economics of Audit Production: What Matters for Audit Quality? An Empirical Analysis of the Role of Mid-level Managers within the Audit Firm..

Join BDO's Center for Corporate Governance Amy Rojik as she discusses drivers of audit quality underlying high quality financial reporting that audit committees, management and users of financial statements can trust in with the leaders of BDO Assurance and Audit practices Christopher Tower and Phillip Austin.

Hear from ASIC’s Chief Accountant on the key findings from ASIC's audit inspection report. Listen now.

In this podcast episode, our expert guests discuss the findings from the report, plus explain the directors’ and audit committees’ roles in audit quality. Listen now.  

Join BDO's Center for Corporate Governance Amy Rojik as she discusses the significant transition senior management undergoes when leaving the C-suite and stepping into the boardroom with Cindy Fornelli, current board of director at TriplePoint Venture Growth BDC Corp (NYSE: TPVG) and former Executive Director of the Center for Audit Quality.

Eldar Maksymov, assistant professor at Arizona State University W.P. Carey School of Business, and Matthew Ege, assistant professor at Texas A&M University Mays Business School, join the Business Scholarship Podcast to discuss their paper The Revival of Large Consulting Practices at the Big 4 and Audit Quality. In their paper, Maksymov, Ege, and their co-authors Dain Donelson and Andy Imdieke, use a multi-method approach to assess whether mergers and acquisitions of consulting firms by audit firms have positive or negative effects on the quality of audits conducted by the acquiring firms. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Join BDO in discussion with Erin Dwyer, Deputy Director & Stakeholder Liaison at Public Company Accounting Oversight Board (PCAOB).

The profession's skillset can be applied to much more than just financial statements, according to Julie Bell Lindsay of the Center for Audit Quality.

Join BDO in discussion with Julie Bell Lindsay, Executive Director of The Center For Audit Quality.

The new principles-based standard on audit evidence, issued last week by the AICPA Auditing Standards Board, addresses issues such as emerging technology, professional skepticism, and expanding sources of information. Jay Brodish, CPA, a partner at PwC, and Bob Dohrer, CPA, CGMA, the chief auditor of the AICPA, discuss the standard in detail, explaining how it can be applied to today’s evolving business climate.

Today, we’re going to go in depth in personal about embarking on a new career path!Today I brought on Da’Rell Bratton, one of the stars of Making It Balance, a new career exploration documentary premiering on PBS and public television stations. Filmed and produced by Roadtrip Nation and made possible by the Center for Audit Quality, this documentary follows 3 young adults as they embark on a cross-country journey in a 32-foot RV to learn more about the audit profession and discover how people of all backgrounds and passions forge their own career paths through auditing. After conducting inspiring interviews with notable current and former auditors about what initially drew them to the profession and how they’ve been able to build successful careers, each of the roadtrippers sets out on their own journey to find their place in their careers.Check out Roadtrip Nation and the documentary info here: https://roadtripnation.com/roadtrip/auditConnect with Da'Rell on LinkedIn here: https://www.linkedin.com/in/da%E2%80%99rell-bratton-203436152/ See acast.com/privacy for privacy and opt-out information.

This piece is a fascinating overview of Australia and New Zealand's Emergency Laparotomy Audit - Quality Improvement (ANZELA-QI). It works as an update on the initiative, provides all the background you need including explanations regarding, structure, organisation and additional support as well as answering key questions such as: Do we need it? How do you join and what happens when you do? A link to the slides for this talk is here: http://www.anzca.edu.au/documents/03-ben-griffiths_anzela-qi-an-update.pdf Presented by Ben Griffiths, consultant anesthetist at Auckland City Hospital, anaesthetic lead for ANZELA-QI.

The Australian Securities and Investment Commission (ASIC) has developed a unique report on measures of audit quality in addition to its audit inspection findings. ASIC’s Doug Niven sits down with CPA Australia and explains the measures ASIC has identified and how he expects them to stimulate discussion and evolve over time as data becomes available.

Crystal Cooke , Senior Manager of Governance and Talent at the Center for Audit Quality, joined us for this episode of Life In Accounting, the Where Accountants Go podcast. In this episode, Crystal recounts the story of her career starting with a role in internal audit, and then moving into public accounting audit in order to expand the variety of her experience, and then to the AICPA-supported Center for Audit Quality (CAQ). We also discuss the topics of diversity and attaining your certification as well.  Crystal had a wealth of insights to share. If you are… Interested in audit as a potential career choice, or Trying to decide what type of audit role to pursue, or Interested in how decisions are made that affect the audit field as a whole, or Considering whether or not to pursue a certification exam, … then this episode is for you! Other episodes that may interest you include:  Samantha Bowling and Deborah Beams For the career content blog mentioned in this episode, click here. To listen in on our conversation with Crystal Cooke, please use the player below:

Carl Mayes, CPA and Associate Director of CPA Quality and Evolution at the AICPA talks about Audit Quality and Changes to the Peer Review Program.

Following release of the FMA’s Audit Quality Monitoring Report, Jacco Moison highlights the FMA’s key findings in six focus areas as well as auditor independence and the level of non-assurance services being provided to audit clients. The FMA compare the audit quality monitoring findings with their survey of investors on perceptions of audit quality and reflect on the inquiries on audit underway on other jurisdictions.

Accounting firms often talk about audit quality and innovation, but what does that mean for businesses? In this Grant Thornton podcast, Trent Gazzaway, the firm’s national partner for quality and innovation, addresses how innovative approaches are driving higher quality in audits.

This piece is a fascinating overview of Australia and New Zealand's Emergency Laparotomy Audit - Quality Improvement (ANZELA-QI). It works as an update on the initiative, provides all the background you need including explanations regarding, structure, organisation and additional support as well as answering key questions such as: Do we need it? How do you join and what happens when you do? A link to the slides for this talk is here: http://www.anzca.edu.au/documents/03-ben-griffiths_anzela-qi-an-update.pdf Presented by Ben Griffiths, consultant anesthetist at Auckland City Hospital, anaesthetic lead for ANZELA-QI.

Companies like Apple, Google and Walmart report earnings each year. They also report on social justice issues, like carbon emissions and child labor. These are important reports, with important implications for shareholders and the public. But how do we know they're accurate? Listen in as Stanford Law’s Colleen Honigsberg discusses auditing. Originally aired on SiriusXM on August 3, 2019. Recorded at Stanford Video.

Stanford Legal with Pam Karlan & Joe Bankma: "The Changing Landscape of Auditor Litigation and It's Implications for Audit Quality with guest Colleen Honigsberg" Companies like Apple, Google and Walmart report earnings each year. They also report on social justice issues, like carbon emissions and child labor. These are important reports, with important implications for shareholders and the public. But how do we know they're accurate? Listen in as Stanford Law’s Colleen Honigsberg discusses auditing. Originally aired on SiriusXM on August 5, 2019. Recorded at Stanford Video.

Three inquiries have been announced over the past couple of days. Tom talks about the three and flags some in depth analysis to come on the auditing sector.

This piece is a fascinating overview of Australia and New Zealand's Emergency Laparotomy Audit - Quality Improvement (ANZELA-QI). It works as an update on the initiative, provides all the background you need including explanations regarding, structure, organisation and additional support as well as answering key questions such as: Do we need it? How do you join and what happens when you do? A link to the slides for this talk is here: http://www.anzca.edu.au/documents/03-ben-griffiths_anzela-qi-an-update.pdf Presented by Ben Griffiths, consultant anesthetist at Auckland City Hospital, anaesthetic lead for ANZELA-QI. -- Brought to you by the Perioperative Medicine Special Interest Group (SIG) in association with the Australian and New Zealand Society for Geriatric Medicine and the Internal Medicine Society of Australia and New Zealand at the 7th annual Australasian Symposium of Perioperative Medicine. The Perioperative Medicine Special Interest Group (SIG) has three aims; improve patient safety and outcomes, share knowledge and collaborate with specialty groups, develop the specialty of perioperative medicine with various craft groups. For more information follow this link here: http://www.anzca.edu.au/fellows/special-interest-groups/perioperative-medicine

It is a shared responsibility, said Cindy Fornelli, executive director of the Center for Audit Quality—the advocacy group stood up in the years after the 2002 Sarbanes-Oxley Act. The law regulated the audit profession and was intended to restore trust in financial statements after the Enron and WorldCom accounting scandals. Fornelli will retire this month after 12 years of working to build consensus among audit committees, regulators and auditors and preaching best practices. She spoke with reporter Amanda Iacone about the evolution of the profession.  Listen and subscribe to Talking Tax from your mobile device: Via Apple Podcasts | Via Stitcher | Via Overcast 

The Center for Audit Quality is working on a quality indicator framework that could be used to compare accounting firms' performance. Setting quality metrics has long been discussed but until recently hadn't gained traction in the U.S. audit market. The center plans to issue its tool in early 2019. Cindy Fornelli, executive director of the Center for Audit Quality, spoke with Bloomberg Tax’s Amanda Iacone about why audit quality indicators are getting so much attention lately. She also discussed how camaraderie and diversity among the members of the Public Company Accounting Oversight Board could lead to better audit oversight, and the role U.S. regulators play in the ongoing audit debate in the UK.

Following the release of the Financial Markets Authority (FMA) New Zealand 2018 Audit Quality Monitoring Report, this podcast episode explores the key findings in the report for 2018 and the focus areas for 2019 quality reviews. Jacco Moison, Manager of Auditor Oversight at the FMA, discusses the trends the FMA is seeing in relation to audit quality and highlights that auditors need to address both the FMA’s findings and their own internal reviews through root cause analysis and action plans. The FMA’s findings raise matters which all auditors can consider in their own practice, including how they use management’s experts and audit accounting estimates. Jacco is in conversation with Claire Grayston, CPA Australia’s Policy Adviser on Audit and Assurance.

This episode is a live recording of the first session of #UnblindingResearch held in NUH DREEAM 21st February 2018 presented by Jamie Thomas and Claudia Washbrook. The clinical research approach is briefly covered, discussing literature searches and how primary outcomes might affect the methodology as well as what secondary outcomes are. Audit is discussed with emphasis on the cyclical approach. Finally Quality Improvement Projects are covered, how they are linked to audit, the PDSA format (Plan, Do, Study, Act) and how it can be embedded across healthcare. Check out the blog entry at www.takeaurally.com for the links mentioned in this talk as well as the presentation slides (p cubed of course). Don't forget the next session: 'Formulating research questions and designing a project' is in DREEAM on 21st March 2018 with the podcast being released shortly after. Remember both Take Aurally and NUH DREEAM are on Facebook and Twitter!

The Financial Markets Authority's Audit Quality Monitoring Report for 2016-2017 identifies areas for improvement in audits by NZ's licenced auditors. Jacco Moison, Manager of Auditor Oversight at the FMA, discusses the key findings with Claire Grayston at CPA Australia and identifies actions auditors can take to improve audit quality. Jacco also explains what others, including directors and audit committees, can do to support audit quality.

Doug Niven at the Australian Securities and Investment Commission talks to Claire Grayston at CPA Australia about ASIC's audit inspection findings for the 18 month period to December 2016, released in June 2017. Doug highlights ASIC's key findings on audit files and firms' quality control systems, which identifies the areas which firms can focus on in order to improve audit quality. He explains which firms are inspected, ASIC's own quality processes and how ASIC's findings are reviewed prior to release. He also identifies initiatives for firms to improve audit quality and the work being done internationally on tackling audit quality

After the release of the FMA's Audit Quality Monitoring Report for 2015/2016, Senior Advisor at the FMA, Jacco Moison, speaks to Claire Grayston at CPA Australia about the key findings from the Audit Quality Reviews. Jacco explains what auditors can do to address the areas for improvement identified in the report and the part directors can play to support audit quality. Access FMA 2016 Audit Quality Monitoring Report

Financial Markets Authority Senior Advisor, Jacco Moison, discusses the key findings from the FMA's 2015 Audit Quality Review, highlights positive trends and areas for future improvement, relevant to audit firms, audit committees and directors, as well as the FMA's focus for 2016. Guest: Jacco Moison, Senior Adviser, Markets Oversight, FMA CPA Australia host: Claire Grayston

Why do we need audit quality indicators? Should they be scorecards on auditors? How can these indicators be useful to audit committee members, audit firms, and investors? In the first PCAOB Dialogues episode, these questions and more are addressed by Greg Jonas, leader of the PCAOB AQI project, and Mike Cook, audit committee chair. Greg Jonas answers questions from the history and purpose of the project to specific examples of potential indicators. With Mike Cook’s experience in piloting audit quality indicators from his seat on an audit committee, he provides insight into how audit committees can hone in on indicators that may help them do their jobs. As Sam Ross, the moderator of episode, says at the end, please don’t rely on this podcast as a substitute to reading the release. All participants speak for themselves and do not represent the PCAOB as a whole, or the Board or staff.

The issue of audit quality is a key consideration for auditors. This podcast explores how and why audit firms sometimes compromise on audit quality, and the impact of this on the profession. This issue is relevant to Paper P7.

Audit Committee Survey, TK Kerstetter, President, Corporate Board Member, Scott Cutler, EVP, NYSE Euronext, Cindy Fornelli, Executive Director, Center for Audit Quality

External Auditor Assessment Tool, TK Kerstetter, President, Corporate Board Member, Scott Cutler, EVP, NYSE Euronext, Cindy Fornelli, Executive Director, Center for Audit Quality

SOX 10 Years Later...Now What?, TK Kerstetter, President, Corporate Board Member, Cindy Fornelli, Executive Director, Center for Audit Quality

Audit Committee Reporting: A Call to Action; TK Kerstetter, Chairman, NYSE Governance Services / Corporate Board Member; Cindy Fornelli, Executive Director, Center for Audit Quality; Michele Hooper, Pres. & CEO, The Directors' Council

TK Kerstetter, Chairman, NYSE Governance Services - Corporate Board Member; Scott Cutler, EVP, NYSE Euronext; Duncan Niederauer, President & CEO, NYSE Euronext; Cindy Fornelli, Executive Director, Center for Audit Quality; Trent Gazzaway, National Partner, Audit Services, Grant Thornton LLP

The PCAOB Visits "This Week"; TK Kerstetter, , President, Corporate Board Member; Cindy Fornelli, Executive Director, Center for Audit Quality; Jay Hanson, Board Member, Public Company Accounting Oversight Board

Board-Shareholder Forum Highlights Part II; TK Kerstetter, Chairman, Corporate Board Member; Cindy Fornelli, Executive Director, Senate for Audit Quality

Board-Shareholder Forum Highlights Part 1; TK Kerstetter, Chairman, Corporate Board Member; Cindy Fornelli, Executive Director, Senate for Audit Quality