The Accounting Podcast

Audits Under Fire: Ex-Big Four Partner Responds to Criticisms

8 snips
Sep 7, 2023
Guest
Jerry Maginnis
Join us for an in-depth conversation with Jerry Maginnis, a retired Big Four audit partner, as he responds to criticisms and discusses the value of financial statement audits. Topics include: audit quality, staff work conditions, complexity in accounting standards, PCAOB inspections, audit fees and staff salaries, simplification of accounting standards, and the role of audits in capital markets. Jerry also shares career advice for young auditors and his motivation behind writing a book.
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Episode notes
1
Introduction
00:00 • 2min
2
Concerns Over Audit Quality and Deficiency Rates
01:49 • 18min
3
The Increasing Auditing Costs and Regulation
19:21 • 7min
4
Work-Life Balance in the Accounting Profession
26:48 • 5min
5
Work Culture and Unhealthy Lifestyle in Accounting Firms
32:03 • 2min
6
Simplification of Accounting Standards
34:07 • 22min
7
Defending the Audit Industry and Providing Career Advice for Young Auditors
55:45 • 4min
8
Book, Campus Presentations, and Firm Advisory Work
59:17 • 2min