Withum

PCAOB Fines Withum for Quality Control Violations

Accountability, Accounting Profession, Workplace Behavior / /

Lack of Experience and Training is the Underlying Cause The following blog is taken from an interview soliciting my views on SPAC audit problems that was published by CFO Brew online by Courtney Vien on March 1, 2024. In case you needed more proof that the Special Purpose Acquisition Companies (SPAC) boom is over, the PCAOB just […]

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Are SPACs the Next Financial Disaster Waiting to Happen?

Accounting Profession, Business Ethics / /

What is a SPAC? The new craze on Wall Street is SPACs, or a special purpose acquisition company. SPACs are shell companies formed with the sole purpose of raising funds so it can buy an existing business. There were over 100 SPAC IPOs in 2022. They are often referred to as blank check companies because

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