Accounting and auditing ethics

Audit Firms Should Not Be Allowed to Perform Nonaudit Services for Audit Clients

The Lost Art of an Independent Audit The time has come to revisit the issue whether all nonaudit services should be prohibited for audit clients. The accounting profession continues to struggle with independence issues when both services are provided. The threats and safeguards approach in the AICPA Code does not... Read more →


Dating in the Workplace

Blog by Pepperdine University student Victoria Dong This week I will post five blogs from students at Pepperdine University. Professor Carolyn Galantine assigned students to choose a blog and post comments. I appreciate students' inclusion of my blog in their responses. This is blog # 2. Last week at Happy... Read more →


Why Do Audit Reports Have Such a High Deficiency Rate?

Indicators of Audit Quality Forty percent of the audits inspected by audit firm regulators had at least one finding indicating a serious problem, according to a new survey. A recent report from the International Forum of Independent Audit Regulators, a group of national audit regulators including the Public Company Accounting... Read more →


Holding Top Officials and the Auditors Responsible for the Data Breach at Equifax

What Should Government Regulators Do? In my last blog I examined the bewildering action by the IRS to award a $7.25 million-dollar contract to Equifax to verify taxpayer identities and help prevent fraud under a no-bid contract. This is nothing less than rewarding bad behavior. In this blog I look... Read more →