Professor Ed Ketz of Penn State rightly calls out the large accounting firms, in “The Myth of Independence” (March 2020). He joins a wave of…
ICYMI | A 2020 Global Auditing Forecast
What Might the New Year Bring?
In the Big Audit model—by which the world's large public companies engage the international networks of the Big Four to provide financial statement assurance for…
“Those who cannot remember the past are condemned to repeat it.” —George Santayana Public criticism of the accounting profession is intense. Users of financial statements…
A 2020 Global Auditing Forecast
What Might the New Year Bring?
In the Big Audit model—by which the world's large public companies engage the international networks of the Big Four to provide financial statement assurance for…
Failure Study
A Needed Addition to the Accounting Toolkit
“Those who cannot remember the past are condemned to repeat it.” —George Santayana Public criticism of the accounting profession is intense. Users of financial statements…
ICYMI | The Future of Auditing
A Roundtable Discussion
In Brief Technology has transformed the way that businesses operate. The auditing profession is no exception. The SEC's recently released statistics for fiscal year 2016…
ICYMI | A Look at the Profession’s Uncertain Future
A Rough Path Lies Ahead for ‘Big Audit’
The independent audit franchise is founded upon the American securities acts of 1933 and 1934. But today's audit model is not immune from the inevitable…
In Brief Technology has transformed the way that businesses operate. The auditing profession is no exception. The SEC's recently released statistics for fiscal year 2016…
Audit Quality and the Expectations Gap
It’s Time for a Model that Fits the Data
Leaders of the profession have conflicting views on the state of audit quality today. According to current SEC Chair Mary Jo White, “investor confidence in…