PwC PCAOB Inspection Report 2023
PCAOB is the regulator for audit firms and it routinely reviews the audit work of firms registered under them. PCAOB reviewed 57 audits performed by PwC in 2023 and the deficiency was 18%.
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Top Indian Companies and their Auditors
The Indian accounting landscape is primarily regulated by the Institute of Chartered Accountants of India (ICAI). The ICAI sets standards and guidelines for accounting and auditing practices. As of recent estimates, India has over 400,000 Chartered Accountants (CAs).
Big4 auditor changes in January 2024
KPMG lost and gained one audit client in January 2024. Deloitte was appointed as the auditor for Rocky Brands Inc.
Big4 in the news
New US Chairman for PwC, Deloitte oversight failure in Nigeria, and PwC's new acquisition
Top Companies in India
India sees a dominance of government-owned enterprises in key sectors like banking, oil, and utilities, while also showcasing the rapid rise of private conglomerates such as the Adani Group and tech giants like Tata Consultancy Services and Infosys. Approximately 33% of the companies listed are government-owned.
SEC’s Cryptomining actions
The SEC charged NVIDIA for not disclosing cryptomining's impact on its GPU sales and imposed a $5.5 million penalty. Additionally, the SEC halted a fraudulent cryptomining scheme and expanded its Crypto Assets and Cyber Unit.
Elon Musk Twitter deal financing
Elon Musk has secured $7.14 billion in financing for Twitter, with significant investments from Larry Ellison’s Trust ($1 billion), Sequoia Capital ($800 million), VyCapital ($700 million), Binance ($500 million), and Andreessen Horowitz ($400 million).
Total employees and gender diversity in Big4
This blog explores the workforce and gender representation within the Big Four firms: PwC, Deloitte, KPMG, and EY. It highlights the number of employees, gender distribution, and the proportion of female partners across these leading firms.
Salary data tool
Repository of salary details of Big4 employees.