{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Accounting Podcast","title":"Audits Under Fire: Ex-Big Four Partner Responds to Criticisms","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/418494a2\"></iframe>","width":"100%","height":180,"duration":3718,"description":"Join us for an in-depth conversation with Jerry Maginnis, a retired Big Four audit partner, about the value and criticisms of financial statement audits.\nJerry draws on his decades of experience auditing public companies to respond to issues around audit quality, staff work conditions, complexity in accounting standards, and whether audits truly protect investors. He provides perspective on PCAOB inspections, the pass/fail system, and deficient audits.\nBlake and David ask tough questions about audit fees increasing while staff salaries stagnate, whether accounting and auditing standards should be simplified, and whether audits provide usefulness to average investors.\nJerry argues audits still provide an invaluable service in capital markets despite imperfections but also sees opportunities for improvement through leveraging technology. He gives advice on maintaining a value-creation mindset and shares his motivation behind writing a book for young accountants.\nMeet Our Guest:\nJerry Maginnis\nLinkedIn: https://www.linkedin.com/in/jerry-maginnis-18a47813/\nRead Jerry's book, Advice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities: https://a.co/d/6SWvDwm\nNeed CPE? \n\nSubscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com\nGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe\n\nGet in Touch\n\nThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040\n\nNeed Accounting Conference Info? \n\nCheck out our new website - accountingconferences.com\n\nLimited edition shirts, stickers,...","thumbnail_url":"https://img.transistorcdn.com/BBmKVcKOQ6x_m3yMMvg6kZR2Y9d_FKTdVd0Ofv-4fhw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzMxNzMvMTY4OTYx/NzY3MS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}