Thoughts on Auditing
KPMG’s Audit of Silicon Valley Bank – Were Risks Assessed Appropriately?
On February 24, 2023, the auditing firm KPMG issued an unqualified...
Yale Medical School’s Director of Finance and Administration for the Department of Emergency Medicine Steals over $40 million from the University
Here is a classic fraud that could easily have been prevented or quickly...
AICPA Proposed Auditing Standard – Assessing Risk
The AICPA has issued a proposed Statement on Auditing Standards entitled:...
State Agencies Obstruct Audits
The New York State Comptroller is complaining about State agencies...
NYS Comptroller’s Audit Function Comes Up Short
The NYS Comptroller's Office issued an interesting audit report...
Professional Skepticism Still Lacking in Audits
The International Forum of Independent Audit Regulators (IFIAR) was...
PCAOB Sanctions Five Auditors for Independence and Other Violations
Recently, the Public Company Accounting Oversight Board, that oversees...
80 Million Customers’ Personal Information at Risk – What Controls were in Place?
Anthem, Inc. which is headquartered in Indianapolis, Indiana, is an...
Again, an Auditing Firm Fails to Serve the Public Interest
Again, we’re confronted with a CPA firm that has harmed the auditing...