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First Big 4 Critical Audit Matters Spotted!

By Randi Morrison posted 08-20-2019 05:07 PM

  

Stinson partner (and Society member) Steve Quinlivan identified and summarized the first observed Big 4 CAMs – two of which relate to revenue recognition, and one on uncertain tax positions and the associated accrual. See his CAM observations on Microsoft (Form 10-K) and Open Text Corporation (Form 10-K), audited by Deloitte and KPMG, respectively.

          See also "Microsoft Discloses Critical Audit Matters" from Audit Analytics, and numerous additional relevant resources on our Auditing & Audit Firms, Audit Committees and PCAOB pages. This post first appeared in the weekly Society Alert!
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