Welcome to the latest edition of To Whom It May Going Concern, our infrequent feature of the best and worst tips and feedback we get from readers. Have a tip or feedback for us? Email us at tips@goingconcern.com or text us at 202-505-8885. All messages are on the record unless stated otherwise. This email was […]
[Updated article originally posted on June 3, 2021 with additional information about KPMG settlement.] From the Ministry of Finance in Malaysia on June 3: The Government has received a settlement payment of RM336 million (US $80 million) related to 1Malaysia Development Bhd (1MDB) from Deloitte PLT. In a statement today, the Ministry of Finance (MoF) […]
“It is of course for the tribunal to reach a conclusion on the allegations as they relate to the individuals concerned. Nevertheless, it is clear to me that misconduct has occurred and that our regulator was misled. The misconduct that this tribunal will hear about over the coming weeks is disturbing and upsetting for me […]
EY-Parthenon recently lured three people away from the Queen’s KPMG, two of whom were added to the partnership and one hired as a director. Akif Jawaid joined EY-Parthenon in the UK as a partner on EY-P’s private equity team. He previously was a partner and global head of private equity (Strategy Group) and the UK […]
Shortly after the riot at the U.S. Capitol last Jan. 6, the Big 4 each put out statements saying they were either suspending all political contributions or suspending PAC funding to the 147 Republican members of Congress who voted to overturn the presidential election results. It was a move, they said, to “facilitate a smooth […]
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 […]
The holiday smells of pine and evergreen have been replaced with the smells of new partners and principals at RSM US offices across the country, as its newest class of rainmakers was released into the wild on Jan. 1. The class of 2022 has slightly more members than the class of 2021. This is also […]
For far too long, the accounting industry has been plagued with this idea that sacrificing your personal life for the firm is some badge of honor to be celebrated rather than pitied. When millennials showed up in the workplace, we started destroying this concept just like we destroyed frozen food sit-down restaurants, the wedding industrial […]
Accounting Principals has finally released its salary guide for 2022, and the main takeaway is average base salaries for roles in public accounting are expected to increase 6.4% across the board next year. So you guys get a salary adjustment that would barely cover the current inflation rate. Hooray. For 2022’s salary guide, Accounting Principals […]
In today’s edition of “How Much Are You Worth?” let’s take a look at public accounting salary projections for 2022 from recruitment firm Hays US. We chose four tax and four audit roles from Hays’s 2022 Salary Guide to highlight in this post. Hays provides accounting salary ranges, with the first figure indicating minimum pay […]
