China Evergrande Auditor Gave Clean Bill of Health Despite Debt [Wall Street Journal] Last year as China Evergrande Group’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government effectively said it had borrowed too much. Yet the property developer’s auditor [PwC] gave it a clean […]
If you follow TheBig4Accountant on Instagram, you might have seen this included with TB4A’s Instagram Stories yesterday: That is what Deloitte & Touche Chair and CEO Lara Abrash told Deloitters in audit and assurance during an all-hands call on Thursday morning. This was also confirmed in posts on Fishbowl and Reddit. It was also noted […]
The Financial Times yesterday wrote about the rich getting richer at the Queen’s Deloitte: Deloitte’s UK partners will receive an average payout of about £1m after the accounting firm’s profits rebounded from a pandemic slump last year, helped by the sale of its restructuring division. The share of profits to 700 equity partners is the […]
(Updated post from Aug. 18 with a comparison of average raise percentages per promotion from 2018 and 2016.) 2020 was a pretty ugly year for the Black and Yellow—and especially for EY employees. Let’s recap, shall we? No performance-based bonuses. Raises only to those who received a promotion. Lots and lots of layoffs. Unlimited PTO; […]
Ed. note: the following is a first-hand account of one person’s experience at the EY Neuro-Diverse Center of Excellence. The author has requested to be anonymous. On Saturday Night Live last March, Elon Musk came out on national TV as having Asperger’s syndrome. For the neurodiverse, this event was momentous not only because Musk hosted […]
We know it doesn’t belong to former WeWork CEO Adam Neumann or it would be called “Community Adjusted EBITDA.” No words… pic.twitter.com/cV6kzUCZ6s — The Wet Bandits (@ChaseJones11) August 1, 2021 Happy Monday, everyone. Related article: Let’s All Have a Good Laugh at WeWork’s Stupid ‘Community Adjusted Ebitda’
After years at a private equity-backed technology company in Seattle, I had an opportunity to take on a new role as controller at CorneaGen, a mission-driven organization devoted to transforming cornea care and eliminating corneal blindness worldwide by 2040. This role blended two passions: my love of accounting and a childhood love of medicine. The […]
It seemed like yesterday that Brad Preber took over as interim CEO at Grant Thornton and right away had to deal with GTers freaking out after a whole bunch of people got pink slips, and now here we are talking about Preber’s upcoming retirement and who’s going to replace him as CEO. We found out […]
[Ed. note: we received the following in response to my newsletter column dated September 14, 2021. In the column, I referenced the 2019 AICPA Trends report, which stated that non-accounting majors made up 31% of all firm new hires at that time. The reader comment is published here with permission from its author who wishes […]
In the 12 years since this website was founded, we’ve heard a lot of complaints from accounting students and early career public accountants. A LOT. Many things have changed since 2009, but one thing has remained consistent all these years and it’s the overwhelming sentiment that public accountants are paid far too little for the […]
Australian Financial Review is reporting today that PwC Australia is digging deep into their pockets and expanding the bonus pool based on input from employees who shocked the firm by making it clear that money is what motivates them above all else. PwC will increase the pay of its 8000-strong staff at a faster rate […]
