GlobalData on MSN22h
Accounting firms view AI as growth driver
Regulatory complexity also continues to be a significant challenge, and was cited by 41% of firms as their top issue.
Accounting Firms Hire Growth Leaders as Dealmaking Shakes Up Industry
More accounting firms are adding chief growth officers to their ranks as small and midsize players aim to stay competitive ...
What Happens To Audit Partners Who Issue Negative Internal Control Opinions?
Audit partners who issue adverse internal control opinions are often replaced and experience unfavorable changes in their ...
Suralink State of Audit Efficiency Report: CPA Firms Battle Budget Overruns, Eroding Realization Rates and Accurate Data Collection From Clients
The study highlights how prevalent and acute the challenges are that CPA firms are facing, such as staffing shortages, client delays, and inaccurate data. These challenges cause ripple effects across ...
Accounting Today9d
PCAOB withdraws rules on firm and engagement metrics, firm reporting
The Public Company Accounting Oversight Board has withdrawn the two standards it approved on firm and engagement metrics and firm reporting.
India’s NFRA flags audit deficiencies at two PwC firms
This included a review of remedial actions taken by the firms following previous reports and an examination of three audit ...
JournalofAccountancy9d
PCAOB withdraws proposed rules requiring extensive firm and engagement metrics
The AICPA had urged the SEC to refrain from approving the rules, warning they would “pose significant challenges” to small and midsize firms. An AICPA statement said that the “PCAOB’s decision not to ...
Lane Report13d
Accounting: Reshaping the Accounting Industry
In the past five years, regional accounting firms have begun merging with larger players in earnest, with industry titans ...