Top Tweets for #AICPASEC
Crypto, independence and PE investments in audit firms are on the short list for PCAOB inspections in 2023. #AICPASEC
Overheard in the #AICPASEC digital conference chat
"If we were playing a drinking game where one would take a shot every time ESG was mentioned the last three days, we all would be hammered for the week."
"No two brains are alike- stress & burnout lead to inflammation in brain & body. We each have unique symptoms. #brainSHIFT gets to the root cause to help you heal."
Thank you @AICPA @AICPAconfs for inviting me to #aicpasec

I feel you collectively cringing #accounting land...as we hear an update on accounting for crypto at #aicpasec
“They use QuickBooks… A multimillion dollar company using QuickBooks,” FTX CEO John Ray said when explaining why FTX is worse than Enron https://t.co/8SVA6NeSx3
SEC Corp Fin just updated its non-GAAP disclosure guidance. More here: https://t.co/C9BbnUWP6f #AICPA
There is a to break the stress-success cycle - this morning we are going to #brainSHIFT at @AICPAconfs @AICPA #AICPASEC
PCAOB Chair Erica Williams has stern words about a recent audit regulator report showing 33% of firms had audit deficiencies. Says it "cannot be explained away by the pandemic." #AICPASEC
In a speech today, PCAOB Chair Erica Y. Williams discussed a troubling increase in audit deficiencies and issued a challenge to the auditing profession to reverse those trends by upholding the highest standards in audit quality: https://t.co/Ftk7RNsvDD #AICPAsec

Greetings from #AICPASEC. Interesting remarks so far from @SECgov Commissioner @HesterPeirce about ESG reporting & "guesstimates."
"If we allow 'good enough' kind of practices to seep into these financial statements, we have, I think, done long-lasting damage to our economy."
On penalties for auditor independence violations: they're not high enough, per Grewal. Piddly penalties are "not having the desired effect." #AICPASEC
So much about assessing materiality and Big R restatements, too -- a major theme of his conference. From Grewal: This is not one of those exercises about "walking right up to the line and seeing what you can get away with." #AICPASEC
Day 3 of AICPA conference and we have our third SEC reminder that accounting errors may require a Big R restatement, and reminder that investors may consider these to be material #AICPASEC
“There is a robust pipeline, unfortunately, of these cases.” #AICPASEC
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