Your $30K Software Has a $300K Blind Spot
Two firms turned down six-figure quotes to have vendors develop custom software and vibe coded their own solutions, instead. It sounds like serious cost savings. But there’s another cost that doesn’t show up on any invoice.
Stablecoins: The next big thing in accounting (and why it's risky)
The stablecoin market is set to grow by $2 trillion, creating huge opportunities for CPAs. Learn about the risks, rewards, and why accountants are at the center of this revolution.
The $2 trillion stablecoin opportunity for CPAs in the GENIUS Act
The federal government just handed auditors a potential $2 trillion opportunity, but it might also recreate the financial chaos of the 1800s.
Stop being a checklist zombie: A new podcast for auditors who want to add value
Introducing "Audit Smarter," a new show from the Earmark team that helps practitioners upgrade from checklist managers to strategic advisors.
Should the PCAOB be disbanded? A board member's surprising take
Should DOGE “delete” the PCAOB? In other words, should the Public Company Accounting Oversight Board be disbanded and its responsibilities returned to the SEC? And has the PCAOB had any contact with DOGE, the “Department of Governmental Efficiency?”
How PCAOB inspections favor big accounting firms and burden smaller ones
Did you know smaller audit firms face PCAOB inspections at a higher rate than the Big Four? I didn’t. I learned that in my recent Earmark Podcast conversation with Christina Ho, a PCAOB Board Member appointed in 2021.
Is the PCAOB's 46% audit deficiency rate misleading investors?
What if the numbers we use to measure audit quality are fundamentally flawed? PCAOB Board Member Christina Ho reveals why the headline-grabbing 46% deficiency rate in public company audits deserves serious scrutiny.
Benjamin F. Borgers surrenders Colorado CPA license
Good news! Benjamin F. Borgers, the CPA who faked over a thousand public company audits, is no longer a licensed CPA in Colorado. It only took 5 months.
How PwC facilitated Evergrande's massive fraud
Chinese regulators have hit PwC China with a six-month suspension and a record 441 million yuan ($62 million) fine for audit failures related to Evergrande. Once a major player in China's property market, Evergrande defaulted and filed for bankruptcy after years of fraudulent activity overlooked by PwC. This case underscores the critical importance of auditor independence and skepticism, highlighting severe consequences when these principles are ignored.
Tether's $109 billion question: Where's the audit?
$109 billion. That's the market cap of Tether, the world's largest stablecoin. It's also the amount of money effectively backed by nothing more than a pinky promise.