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Tag: accounting

Kids sloppily eating ice cream

PCAOB: Audits Getting Sloppier

Kids sloppily eating ice cream

The overall quality of audit work has been poor for years and is only getting worse, according to a recent report from the Public Company Accounting Oversight Board. The report detailed the preliminary findings of the PCAOB’s annual inspect...

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Auditors Swept Up in SPAC Regulation

Venus flytrap with captured insect

Like other trendy investment vehicles that skyrocketed in popularity and then faced a sharp decline, special purpose acquisition companies (SPACs) are seeing yet another indication that they are subject to the laws of financial gravity. New...

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First Inspections Find Massive Holes in Chinese Audits

View looking up at the sky from the inside of a cooling tower

Regulators have released the results of their first inspections of audits of U.S.-listed Chinese companies, and they’re not pretty. Analyses revealed “unacceptable deficiencies” in audits performed by KPMG’s Chinese arm and PricewaterhouseC...

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New Intelligize Report Documents M&A Decline in 2022

Slow-moving turtle on sand

Corporate mergers and acquisitions fell off dramatically in 2022, and activity doesn’t appear to be picking up anytime soon. That’s the key takeaway from The Intelligize M&A Report, a new study published today on dealmaking activity in...

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Fallout From Accounting Class Actions Could Extend Beyond Issuers

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Although we have ample evidence to the contrary, the idea of an accounting scandal seems strange because it is hard to imagine accountants engaging in scandalous behavior. We picture accountants as meticulous bean counters – hardly the type...

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