政大會計俞洪昭

Hung-Chao Yu's Website

Department of Accounting, College of Commerce, National Chengchi University, Taipei City 11605, TAIWAN, R.O.C.

Big 4 News

PCAOB Adopts New Standard to Enhance the Relevance and Usefulness of the Auditor's Report with Additional Information for Investors

The new COSO ERM FrameworkHow can you have greater confidence in addressing many critical 21st century business challenges as they navigate evolving markets, rapid innovation and heightened regulatory focus?

Ernst & Young Have Acquired Cryptocurrency Investment Software - Bitcoinist.comCryptocurrencies are continuing to break new grounds within traditional finances. Major firms continue to explore crypto investment software.

Deloitte CEO Engelbert's future in doubt after board move - New York Business JournalThe news comes as New York-based Deloitte begins its every-four-years CEO-election process.

PwC, EY join KPMG in banning consulting for audit customersTwo of the Big Four accounting firms said will stop offering consulting services...

陸審計界大地震全球頂尖德勤會計師事務所遭舉報違規舞弊 - 兩岸名列全球4大會計師事務所的德勤遭其大陸員工舉報違規，引發大陸財經界與網民熱烈議論，登上大陸社群媒體微博的熱搜排行榜，同時也轟動了大陸多個外國企業社群。舉報人洩漏的資料顯示，德勤在審計過程中未執行重要審

德勤举报事件员工：德勤管理层所作所为已经逾越了审计道德底线德勤举报事件员工：德勤管理层所作所为已经逾越了审计道德底线

U.S. SEC fines Deloitte's China affiliate $20 million for auditing violationsThe U.S. Securities and Exchange Commission on Thursday fined the Chinese affiliate of Deloitte, one of the "Big Four" accounting firms, $20 million for letting some clients, including foreign companies listed on U.S. exchanges, conduct their own audit work.

Accountants’ Salaries Are Rising, but It May Not Add Up to More AccountantsThe salaries offered to U.S. accountants and auditors last year climbed at their quickest pace in recent years, but industry observers say increasing pay alone may not be enough to remedy a national shortage of accountants.

Vacancy for Finance, Commerce, Math, Computer Science Graduates at EYEY is hiring an experienced GCR EMS - Nordics_Advanced Analyst at their Bangalore locatio

PwC to Limit Consulting Services It Offers to U.S. Audit ClientsThe Big Four accounting firm plans several new initiatives through 2026 to boost audit quality.

US fines PwC $7 million for allowing cheating in audit exams in China | CNN BusinessA US regulator has hit the China arm of prestigious “Big Four” firm PwC with a $7 million fine.

Big Four Audit Shortfalls Stabilize, Latest Inspections ShowThe firms’ U.S. units collectively had a deficiency rate of 26%, compared with an average of 20% over the previous five years.

Super Micro Computer says Ernst & Young resigns as auditor, shares tankSuper Micro Computer said on Wednesday Ernst & Young had resigned as its auditor, sending its shares tumbling more than 30% and deepening investor worries about accounting practices at the artificial intelligence server maker.

EY Gets Caught Up in Independence Violations Because Audit Partner Rotation Is For ChumpsOopsie. EY thought it had another ten years as auditor for Shell in the bag but we aren't so sure now.

KPMG Removes Audit Personnel and Head of Audit Practice

PCAOB Announces $8 Million Settlement with Deloitte Brazil for Violations Including Issuing Materially False Audit Reports and 12 Individuals Also Sanctioned for Various Violations

PwC accepts payment in Bitcoin for its advisory services The decision indicates the ongoing evolution of crypto-currencies

Big Four conflicts leave Lloyds banking on Deloitte as next auditorBritain's biggest high street bank will kick off the process of choosing a new auditor in the next few months, Sky News learns.

Can the Big Four keep winningAs accounting’s Big Four grow larger, their success creates new risks. Could the fairytale bubble burst?

Deloitte, EY, KPMG and PwC bigger than everPromotion season at the big accounting and consulting firms has led to the partnerships at the big four growing to record level.

Deloitte lobbied ASIC to stop PwC audit disclosureDeloitte threatened to more aggressively fight the corporate regulator over its audit inspection program findings if ASIC allowed rival firm PwC to publish its superior audit quality rating, FoI documents reveal.

The Big 4 accounting firms are leaving Russia. PwC's Russian clients reportedly include Sberbank, Gazprom, and Russia's central bank.PwC and KPMG made the decision on Sunday, while EY followed the next day. Deloitte also announced its exit from Russia on Monday.

China Urges State Firms to Drop Big Four Auditors on Data RiskChinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed in New York.

《內幕追蹤1》勤業眾信判賠25億元 190名合夥人剉咧等109年爆發掏空炒股案的康友案，臺北地院針對康友案民事求償案，一審判決勤業眾信及二位會計師應負部分賠償責任。投保中心求償53.4億元，簽證財報的勤業眾信也要負25％責任，約13.35億元賠償金的天價！

Chinese companies offset US delisting risk with auditor switchMore than a dozen US-listed Chinese companies have switched from auditors in their home country to ones in the US and Singapore since 2022, reducing the risk they could be thrown off American excha…

Deloitte director in Netherlands quits over exam fraudThe Dutch arm of accounting firm Deloitte said on Monday its Chief People and Quality Officer Rob Bergmans had quit after an internal investigation showed some employees had cheated in professional exams and learning modules.

PwC Is the Best, Prestige-iest Accounting Firm on the Vault Accounting 25This morning, Vault released its mildly anticipated 2025 Best Accounting Firms to Work For list […]

Why accounting firms are bleeding talentStagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.

Bridging Finance receiver PwC files $1.4-billion lawsuit against ex-auditor Ernst & YoungPricewaterhouseCoopers Inc. claims EY’s audits failed to catch signs of fraud at the now-defunct lender

Accountants PwC fined record 5.1 million pounds over RSM Tenon auditBritain's accounting watchdog has fined audit firm PricewaterhouseCoopers LLP a record 5.1 million pounds ($6.56 million) and given it a severe reprimand after it admitted misconduct when auditing collapsed accounting firm RSM Tenon.

Big Four benefit as consulting spending rises in U.S.Demand for cybersecurity consulting helped drive the growth, accounting for $7.1 billion in revenue.

KPMG faces shareholder protests over GE and Wells Fargo audits

KPMG faces shareholder protests over GE and Wells Fargo audits

PwC Creates Digital Skills Program to Boost Internal Blockchain Expertise - CoinDeskPricewaterhouseCoopers wants its employees to to learn more about blockchain as part of a push to become more fluent with digital tech.

KPMG's Audit Quality Is ‘Unacceptable,’ U.K. Regulator SaysKPMG’s audit work in the U.K. is of an unacceptable standard, Britain’s accounting regulator said, fueling calls to reform the industry, including dismantling the “Big Four” players.

Inquiry to examine Deloitte over ASIC lobbying threatAllegations that two of Deloitte's most senior partners sought to have the corporate regulator stop PwC publicising its superior audit results are set to be examined by a parliamentary committee conducting a broad-ranging inquiry into auditing in Australia.

Accounting giant Ernst & Young admits its employees cheated on ethics examsErnst & Young is being fined $100 million by federal regulators after its employees cheated on ethics exams.

China fines Beijing office of Deloitte $30.8 mn over audit failingsThe Beijing office of Deloitte Touche Tohmatsu has been fined USD 30.8 million for failing to adequately audit a Chinese state-owned asset management company whose former head was sentenced to death on corruption charges.

Business school instant case: EY’s failed break-up planA teaching case with questions for students

22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a ‘completely unacceptable’ stateIn 2001, the Big Five became the Big Four, and now the PCAOB again finds "audit quality is moving in the wrong direction"—a 40% error rate.

Deloitte Auditors Got Caught Changing Their Computer Clocks to Backdate WorkpapersFrom November 2016 to May 2018 more than 930 audit working papers were backdated in at least 39 audit engagements at Deloitte Canada.

Big Four firms among those to withdraw offers to foreign graduatesDeloitte and KPMG are among UK-based businesses which have axed offers to foreign graduates, following a change to UK visa rules.

Big 4 Firms Fight Against Metrics That Would Reveal the Workloads Behind the CurtainFirms, the AICPA, the CAQ, and the Chamber of Commerce are against a PCAOB rule that would mandate reporting of metrics. This guy is for it.

PCAOB sanctions nine KPMG global companies for quality control breachesThe PCAOB found that each company failed to adhere to quality control standards necessary to meet professional standards.

Deloitte hit by cyber-attack revealing clients’ secret emailsExclusive: hackers may have accessed usernames, passwords and personal details of top accountancy firm’s blue-chip clients

Litigation cases that could possibly take down a Big 4 firmIf a judgment at trial were big enough, it could mean the end of a large firm. Writing on August 13th at Market Watch, Francine McKenna explains PwC faces 3 major trials that threaten its business.…

PwC barred from issuing audit opinions in India for two years The Indian markets regulator has barred all of PricewaterhouseCoopers member firms in the country from issuing audit opinions to any listed company in the country for two years on Wednesday, as a result of its nine-year investigation of India’s biggest ever fraud, Satyam.

EY set to spend $1bn on new solutions$1bn investment by global giant EY to be made over next two years

KPMG subject of second UK investigation over Carillion auditBritain's Financial Reporting Council (FRC) has opened a second investigati...

KPMG admits misconduct in BNY Mellon work

PwC fined £6.5m over 'lack of competence'The Financial Reporting Council reduced the fine to £4.6m after the accountancy admitted its mistakes.

Analysis | Ernst & Young IPO Will Create a Lot of Sour GrapesThe firm’s possible sale of its consulting business will make partners very wealthy. What about former partners?

Thousands set to lose jobs as 'Big Four' announce job cuts one after another Deloitte became the second among the Big Four financial consulting giants to announce job cuts on Friday. The London-headquartered firm, which reported an annual revenue of $59.3 billion in 2022, reportedly told its staff that it will cut around 1,200 jobs in the United States. Deloitte's job cuts come just four days after Ernst & Young, another Big Four consulting giant, announced a similar measure, while citing "overcapacity" for laying off about 3,000 employees in the United States.

Pandemic graduates struggle with teamwork, say Deloitte and PwC _ Financial Times.pdf

Audit scandals rendering profession ‘unattractive’ to newcomersThe string of high-profile audit failures in recent years have been the catalyst for significant industry reform, but the profession is at risk of appearing ‘unattractive’ as a result, according to Nicola Scarr, audit partner at Haines Watts.

KPMG boss says Carillion auditing was ‘very bad’ as firm is fined record £21mJon Holt says some employees ‘simply didn’t do their job properly’ in run-up to one of UK’s biggest corporate failures

收入前景黯淡！數十家企業客戶接連解約傳普華永道在中國大裁員至少百人 | Anue鉅亨 - 大陸政經

普华永道惊天大瓜：是谁把普华永道带入恒大这个火坑的？普华永道惊天大瓜：是谁把普华永道带入恒大这个火坑的？

史上最重！四大會計師事務所PwC捲恒大造假遭陸罰18億停業半年四大會計師事務所之一的PwC（中國稱普華永道）因捲入恆大集團財報造假風暴，遭到中國大陸政府嚴厲處罰。中國證券監督管理委員會、財政部接連開罰，總計已超過4億人民幣（約新台弊18億元），並被暫停經營業務6個月。

US audit watchdog bars, fines Hong Kong auditorThe U.S. Public Company Accounting Oversight Board said on Tuesday it had revoked the license of a Hong Kong firm and barred its owner for violating audit rules related to companies operating in China, including Luckin Coffee Inc.

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Recent Business News and Events

What is the difference between the Sarbanes-Oxley Act and the Dodd-Frank Act?Learn about the differences between the Sarbanes-Oxley Act and the Dodd-Frank Act, and understand the reasons why each bill was passed.

Which accountancy specialisation should you choose?Service line, business area, division… whatever they call them, most accountancy and financial management employers will ask you to indicate an area of specialisation when you apply to their graduate and internship programmes.

Jeffrey Skilling, Former Enron Chief, Released After 12 Years in PrisonMr. Skilling and Kenneth Lay, Enron’s founder, were convicted after the Houston-based energy company collapsed in 2001 in one of the most high-profile cases of corporate fraud in America.

驚！萬名客戶存款被歸零花旗銀遭金管會重罰500萬花旗銀行今年初爆發系統大當機事件，逾萬名客戶的存款交易當天未能過帳；金管會今天表示，花旗銀資訊系統穩定性及內控不足，開罰新台幣500萬元，若加上去年2起裁罰，合計罰鍰高達1000萬元。

How $2 billion vanished from the balance sheet of Wirecard, according to a forensic financial expert | Markets Insider The German payments group Wirecard is in a swirling scandal after over $2 billion went missing from its balance sheet. The scandal intensified w...

宏碁叛將蘭奇過世！縱橫兩岸PC界40年留下傳奇人生 | 產業熱點 | 產業 | 經濟日報蔣凡可‧蘭奇（Gianfranco Lanci）69歲辭世，消息從2天前義大利圈一路傳回遠在亞洲的台灣，不少台灣產業資深...

The Accounting Profession Is in Crisis - The CPA JournalThe accounting profession is facing a severe crisis due to a shortage of accountants. Significantly fewer students have selected accounting as a major. As

The Big 4: how well do you know them?They are the four largest international accountancy and professional services firms. At least one of them features somewhere in the news daily and each recruits hundreds of fresh graduates a year. If you’re interested in a career in consulting, tax, audit or corporate finance it’s likely you’ve applied to more than one of the Big 4. Do your employer research and be aware of what distinguishes them so that at interview you can answer this question with authority: ‘Why do you want to work for us?’ For example, did you know that…

US audit watchdog bars, fines Hong Kong auditorThe U.S. Public Company Accounting Oversight Board said on Tuesday it had revoked the license of a Hong Kong firm and barred its owner for violating audit rules related to companies operating in China, including Luckin Coffee Inc.

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Top U.S. Tech Companies Begin to Cut Off Vital Huawei SuppliesThe impact of the Trump administration’s threats to choke Huawei Technologies Co. reverberated across the global supply chain on Monday, hitting some of the biggest component-makers.

AICPA proposes updates to material tested on CPA ExamChanges the AICPA is proposing to the CPA Exam Blueprints are designed to update the material tested on the CPA Exam to make sure it continues to represent the core knowledge and skills that newly licensed CPAs need to possess.

China's biggest gold fraud, 4% of its reserves may be fake: ReportAt the centre of the fraud is Wuhan Kingold Jewelry Inc, a company founded and operated out of Wuhan.

Bernie Madoff: Disgraced financier dies in prisonBernie Madoff admitted he had conned investors out of billions of dollars in a Ponzi scheme.

Research: Why Students -- Particularly Diverse Ones -- Aren't Pursuing AccountingIt's clear the 150 hour rule is deterring students, particularly those from diverse backgrounds, from pursuing accounting as a career.

理律遭前法務捲款30億元向銀行求償9.9億敗訴確定理律法律事務所前法務專員劉偉杰，2003年間盜賣美商新帝公司託管的1萬2千張聯華電子股票，存入國泰世華銀行後捲款30億9千萬元，旋即變裝出境人間蒸發。20年過去，劉偉杰已躲過司法追訴期，但理律認為國泰世華銀行過程中有疏失，持續提告求償9.9億元，歷審均認定銀行不需賠償，最高法院今駁回上訴，理律敗訴確定。

Collapse of U.K. Construction Giant Rattles the GovernmentThe contractor, Carillion, worked hand in glove with the government, raising questions about the outsourcing of public services to private companies.

Citi to Refund $330 Million to Credit Card Customers It OverchargedCitigroup, one of country’s largest credit card issuers, said that customers holding 1.75 million accounts would receive average refunds of $190.

Google revives Huawei work temporarily after US eases restrictionsThe move comes after the US announced a 90-day license to allow mobile companies to figure out more long term solutions.

The Luckin Coffee Fraud: Hold Beijing AccountableWhy do Chinese frauds like Luckin Coffee keep popping up on American exchanges? The answer lies with the Chinese Communist Party.

2019 World Economic Forum Welcoming Remarks and Special Address

Work Is Destroying Tax and Accounting Professionals' Mental Health Much Less Than You'd Think22 percent of tax and accounting professionals surveyed said work has a strongly positive impact on their mental health.

Art of Accounting: Fifth to 100th largest firms growing more than Big FourThe Other 96 are surpassing the growth of the Big Four in revenues per employee.

Seattle judge temporarily blocks Trump's immigration order nationwideUpdate on 'Trump slaps sanctions on Iran after ballistic missile test'

Gamechangers: Four reasons why an updated COSO ERM Framework is good for your business What are the most significant changes to the new COSO ERM Framework and what will they mean for your business?

GE falls the most in 11 years after Madoff whistleblower calls it a 'bigger fraud than Enron'GE says the allegations of fraud are "entirely false and misleading."

Madoff investigator accuses GE of $38bn fraudShares in General Electric tumble after Harry Markopolos alleges firm hid huge losses.

Citigroup accidentally wired $900 million to Revlon lenders, now it's fighting to get it backThe payment was made due to a clerical error. Meanwhile, cosmetics giant Revlon Inc. is embroiled in a legal dispute with some of its lenders over the company’s debt-restructuring tactics.

Citi Can’t Get Back $500 Million It Accidentally Wired To Revlon Lenders, Federal Judge Rules“The judge called it "one of the biggest blunders in banking history,” but Citigroup plans to appeal the ruling.

AICPA Sends Strongly Worded Letter Urging the SEC to Reject the PCAOB's New Metrics Rules"These rules will disproportionately affect smaller and medium-sized audit firms," said the AICPA to the SEC.

Recent Technology and Statistical News

Mt. Juliet teen says he uncovered Apple slowing down older iPhonesApple is facing lawsuits from several iPhone owners nationwide after admitting to slowing down older phones. Now, a mid-state teen is getting credit for discovering the issue and letting the world know about it. Critics say software updates are a problem a

What a nerdy debate about p-values shows about science — and how to fix itThe case for, and against, redefining "statistical significance."

TSMC says chemical defect hurts productionTaiwan Semiconductor Manufacturing Co Ltd, contract chipmaker for Apple Inc and ...

What is ChatGPT? Here's everything you need to know about ChatGPT, the chatbot everyone's still talking aboutOpenAI's chatbot has taken the world by storm, and the paid version, ChatGPT Plus, is rolling out updated features and plugins.

Critical flaws revealed to affect most Intel chips since 1995Most Intel processors and some ARM chips are confirmed to be vulnerable, putting billions of devices at risk of attacks. One of the security researchers said the bugs are "going to haunt us for years."

Mark Zuckerberg Talks to WIRED About Facebook’s Privacy ProblemFacebook CEO Mark Zuckerberg talks with WIRED Editor-in-Chief Nicholas Thompson about Cambridge Analytica's use of Facebook data and the company's response.

Apple contractors 'regularly hear confidential details' on Siri recordingsWorkers hear drug deals, medical details and people having sex, says whistleblower

Windows global IT outage: what we know so farOutage linked to Windows operating system hits banks, airlines, rail services and supermarkets

GIMPS project discovers largest known prime numberThe Great Internet Mersenne Prime Search (GIMPS) has discovered the largest known prime number, 277,232,917-1, having 23,249,425 digits. A computer volunteered by Jonathan Pace made the find on December 26, 2017.

Facebook Says Cambridge Analytica Harvested Data of Up to 87 Million UsersMr. Zuckerberg, Facebook’s chief executive, will appear before multiple congressional committees next week. It is part of the company’s efforts to be more open about its work.

Answering the 12 biggest questions about Apple and Google’s new coronavirus tracking projectThis might get technical

Unbelievable News

PwC issues apology after Oscars best picture envelope mistakeAccounting firm in charge of vote counting vows to investigate error that led to La La Land being awarded best film by mistake

'Absolute discrimination': Public relations disaster for Starbucks as company hit by race scandalCEO Kevin Johnson offers "deepest apologies" to two black men taken out of a Philadelphia store in handcuffs.

BA flight lands in Edinburgh by mistakeThe mistake only became apparent when the "welcome to Edinburgh" announcement was made.

你唸對嗎？BMW讀音並非「B-M-W」官方公布曝正確發音談到台灣人熟悉的豪華轎車品牌，賓士和BMW經常被提及。而關於BMW這個品牌的正確發音，許多人可能並不清楚。其實，BMW並不唸「B-M-W」，而應該唸作「B-M-V」。這是為什麼呢？讓我們一起來了解。

Meet the Bush-nominated federal judge who halted Trump’s executive orderJudge James L. Robart's order would challenge a White House that had spent all week defending the ban.

Computer Virus Cripples IPhone Chipmaker TSMC Plants

UC Berkeley and four other schools removed from Best Colleges list for misreporting statisticsU.S. News & World Report says some schools had been misreporting data for years

新聞眼／給分甜、把關鬆高教競爭力下降分數通膨、低淘汰率已成台灣高教主流，部分公私立大學為留住學生，取消雙二一退學制度。幾乎多數學生成績都是Ａ，毫無鑑別力，文...

頂大成績通膨嚴重台大A以上學生近6成台大大學部學生「Ａ及A+」占比高達五成九，台灣師大Ａ以上占比六成四，「高教成績通膨」嚴重，影響學術聲譽，求職與申請國外研...

United Airlines: Shares drop after passenger dragging video - BBC NewsShares in the airline plummet after footage circulates of the man being dragged from his seat.

No thank you, Mr. Pecker – Jeff Bezos – MediumSomething unusual happened to me yesterday. Actually, for me it wasn’t just unusual — it was a first. I was made an offer I couldn’t…

Qualcomm responds to trio of lawsuits filed by Apple with one of its ownApple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K.

Actresses, Business Leaders and Other Wealthy Parents Charged in U.S. College Entry FraudA sprawling federal investigation accuses 50 people of involvement in a scheme to get undeserving students into major American universities.

Dislodging the huge ship blocking the Suez Canal could take 'days to weeks,' as the traffic jam buildsShipping experts believe it could take days or even weeks to free the 224,000-ton vessel that is wedged across the Suez Canal, blocking one of the world's busiest waterways since Tuesday.

Egypt's Suez Canal blocked by huge container shipA ship the length of four football pitches is wedged across one of the world's busiest trade routes.

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