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Tim Ryan Is Dipping Out of PwC Early, the Leadership Transition Gets Bumped Up to RIGHT NOW

Wall Street Journal has reported that rather than wait until the end of PwC's fiscal year on June 30 as planned, current PwC US Chair Tim Ryan is out and…

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You’ll Never Guess Which Big 4 Firm Is the Only One to Make This Top Companies List

...actually, that headline pretty much gave it away. It's KPMG and they've found themselves in the #5 spot on the Fair360 Top 50 Companies list. Who or what is Fair360,…

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Mischievous Deloitte Partner on Why ‘Keep Doing What You’re Doing’ Is the Worst Career Advice

Financial Review has profiled Deloitte Australia boss Adam Powick and we're choosing to ignore the ongoing drama over there on that side of the world to instead latch onto this…

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EY’s New Shared Service Center in Sofia Isn’t as Plain as a Bulgarian Pin-Up

If you get the reference in the title, you are officially cool. For some reason, we're fascinated with Big 4 office spaces. Perhaps because we don't have to work in…

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Let’s Brainstorm Shopping Ideas For Underwear Strong Enough to Accommodate This PwC CEO’s Massive Balls

It's been a little over a year since Australian Financial Review uncovered a scandal when it peered underneath the rug PwC Australia was trying to hide its dirty business under,…

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News

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Accountants Will Go Extinct in the Next Decade, Says Guy

Sad? Sad prediction:AI and offshoring are going to wreck the accounting profession in the next decade. Combine that with the pain every company has with this function and it’s a…

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bird in nest checking its undercarriage, a fool

Mischievous Deloitte Partner on Why ‘Keep Doing What You’re Doing’ Is the Worst Career Advice

Financial Review has profiled Deloitte Australia boss Adam Powick and we're choosing to ignore the ongoing drama over there on that side of the world to instead latch onto this…

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an old-school typewriter

We Delve Into the Vibrant Landscape of Gen Z Overusing ChatGPT in Cover Letters

*headline note, ChatGPT didn't write that. But it could have. Let's talk about cover letters. I've always been a fan but that's because I write for a living so pounding…

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The Most Divisive Topic on the Internet This Week Is a Pre-Employment Excel Assessment

It's nice to see the internet getting heated about something other than politics for once. Enjoy it while you can, it's an election year. So some guy tweeted the following…

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Weekend Discussion: ‘Open to Work’ on LinkedIn, Yay or Nay?

Ed. note: I feel compelled to point out that my use of "yay" in the headline is intentional and not me being an idiot who doesn't know it's "yea" that…

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Technology

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two plastic dinosaurs on an orange background

Accountants Will Go Extinct in the Next Decade, Says Guy

Sad? Sad prediction:AI and offshoring are going to wreck the accounting profession in the next decade. Combine that with the pain every company has with this function and it’s a…

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an old-school typewriter

We Delve Into the Vibrant Landscape of Gen Z Overusing ChatGPT in Cover Letters

*headline note, ChatGPT didn't write that. But it could have. Let's talk about cover letters. I've always been a fan but that's because I write for a living so pounding…

Read More
cybersecurity

Note to Partners: Make Sure Your Interns and Associates Know How to Avoid Sus Links and Phishing

Remember the Deloitte survey a while back that found Gen Zers were more than twice as likely as boomers to have their social media account hacked* (17% vs. 8%) and…

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PwC headquarters building in Melbourne Victoria Australia

PwC Australia Makes AI a Key Part of Its Three-Year Plan Because AI Isn’t Invited to the Secret Government Tax Meetings

Still-scandalized PwC Australia released its three-year plan on Friday and no one should be surprised that they've put trust front and center. Funny considering PwC US just got rid of…

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a very old computer

Accounting Firms Will Not Be Leading the AI Revolution

Rightworks has released their inaugural 2024 Accounting Firm Technology Survey and the results tell us what we already done knew: Accounting firms are hesitant to adopt next-gen technology. Hell, a…

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Practice Management

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Top Accounting Candidate of the week

Top Remote Accountants of the Week | May 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled…

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Public accounting firm partners but make them LEGO

Audit Firms’ Tone at the Top Sounds Like a Brown Note, Says SEC Chief Accountant

In a statement released today ("Fostering a Healthy 'Tone at the Top' at Audit Firms"), SEC Chief Accountant Paul Munter has some strong words for accounting firm leadership: Early-career staff…

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Weekend Discussion: How Much Is Too Much When Raising Fees?

You may have seen this article on Twitter or in Footnotes on Friday: Higher costs prompt Westbrook accounting firm to raise rates. And if you didn't, now you have. In…

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cybersecurity

Note to Partners: Make Sure Your Interns and Associates Know How to Avoid Sus Links and Phishing

Remember the Deloitte survey a while back that found Gen Zers were more than twice as likely as boomers to have their social media account hacked* (17% vs. 8%) and…

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an empty office, rows and rows of small workspaces and computers, open office

CPAs Would Probably Stick Around If Firms Paid Them More, Let’s Just Outsource Instead

The Pennsylvania Institute of CPAs (PIPCA) has released a new report called CPA Talent Retention 2024: Keeping Your Best Performers, free to read for PIPCA members but we'll have to…

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Friday Footnotes: Complain About Your Hours, Get Fired; Neurodiversity in the Profession; Pipeline Advisory Group Report Is Here | 5.17.24

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you're here, subscribe to our newsletter to…

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two plastic dinosaurs on an orange background

Accountants Will Go Extinct in the Next Decade, Says Guy

Sad? Sad prediction:AI and offshoring are going to wreck the accounting profession in the next decade. Combine that with the pain every company has with this function and it’s a…

Read More
a group of stoic young people standing around

Deloitte Survey: Surprise, Gen Z and Millennials are Worried About the Cost of Living and GenAI

I tried to find a stock photo full of fabulous Gen Z mullets and sour faces, this is the best I can do. When was the last time we covered…

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handshake in the shadows

Flush With PE Cash, Baker Tilly Buys the Bay Area’s Seiler

Only a few months after announcing a large "strategic investment" deal with not one but two private equity firms, Baker Tilly has gobbled up its first medium-sized fish. Announced today,…

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Why Is Everyone Chattering About KPMG Acquiring Rothstein Kass?

Over the weekend, we began hearing rumors of a KPMG/Rothstein Kass merger. Rather, a somewhat upset individual sent us this:As discussed and expected in the 2013 layoffs thread here about…

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Here’s Your Open Thread for EY Compensation Discussions (2015)

There's been a steady stream of tips coming in for the last week about EY comp discussions starting today and we understand that people are anxious.Here's how one tipster put…

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Here’s Your Open Thread for EY Compensation Discussions (2014)

Yes, we know this is early but the natives are getting restless, as evidenced by our inboxes:EY compensation and promotion talks have began in the NY areaWe reached out to…

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Here’s Your Open Thread for EY Compensation Discussions (2013)

The time has finally come for employees of all Black and Yellow stripes to discuss their financial satisfaction (or lack thereof) for this year. There's seems to have been quite a…

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Quick Reads

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The PCAOB Made Its Own Quality Control Standard and It Took Only 22 Years

The PCAOB announced today that after the more than 20 years since they were forged out of the ashes of the Enron debacle, they've finally developed their own quality control…

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Monday Morning Accounting News Brief: Details on Grant Thornton’s PE Deal; What Is ‘Presented Fairly’ Anyway? | 5.13.24

Hey, people. Monday! Woo. Let's get this over with. Look out, Big 4. AT&T is coming for your recruits: AT&T Woos Accounting Students, Bypasses Big Four Training Ground AT&T Inc.'s…

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two little dogs on a bench

Friday Footnotes: KPMG Picks a Woman to Lead; Auditor Roasts Disorganized Client; PwC and EY Team Up on a Failure | 5.10.24

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you're here, subscribe to our newsletter to…

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Top Remote Accounting Freelancers: February 3, 2024

Looking to staff up for a season or hire a freelancer for a project? Accountingfly is ready to partner with you! Gain full access to a pool of highly skilled…

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10 Essential Project Management Principles for Accounting Firms

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work,…

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6 Ways Email is Secretly Destroying Your Accounting Firm

Email: The word itself sounds innocent, doesn't it? Kind of like "snail mail," but faster, sleeker, and without the slimy trail. But don't be fooled—email is secretly a sinister beast,…

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Don’t Grow Your Accounting Firm Out of Business! Break Up With These Unscalable Practices Now

Business growth is always a high priority for accounting firms, especially small-to-midsize practices. Take care, though, because growth can be a double-edged sword. If your firm expands too quickly or…

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