[Updated on Sept. 23 with additional information.] EY management stuck to their narrative today that the recent layoffs at the firm aren’t layoffs but performance-based separations that were justified, even though many of those who have contacted us after losing their jobs said they weren’t on any type of performance improvement plan. First, before EY […]
[Updated on Sept. 23 with additional information.] EY management stuck to their narrative today that the recent layoffs at the firm aren’t layoffs but performance-based separations that were justified, even though many of those who have contacted us after losing their jobs said they weren’t on any type of performance improvement plan. First, before EY […]
Back in the spring, right around the time the country was going to hell in a handbasket due to the Rona, Deborah Gordon had been wooed by RSM US to leave her job as leader of KPMG’s Federal Excise Tax practice to lead the Excise Tax practice at Really Still McGladrey. About four months later, […]
Earlier this month, Commerzbank, Germany’s second-largest lender, and DWS Group, Deutsche Bank’s asset-management arm, both decided against using EY Germany as their auditor because they were freaked out by how bad this Wirecard accounting scandal has become. This was followed by EY Global Chairman and CEO Carmine Di Sibio sending a letter to clients, expressing […]
We meant to post this a few weeks ago, but with the layoffs, angry letters about the layoffs, FY 2020 global revenues, and new partner promotions at EY taking up a lot of our time of late, this got put on the back burner. Thanks to a source, here is the return-to-the-office update from Jay […]
Remember Leslie Seidman, the former chairman of the FASB? Well, she is now, among other things, a member of General Electric’s board of directors and chairman of its audit committee. She made an appearance on CNBC on Aug. 15 to comment on the report from Madoff whistleblower and forensic accountant Harry Markopolos that accuses GE […]
The Dallas Morning News reported today that UPS is eliminating 64 accounting jobs at its facility in Coppell, TX. The reason? Outsourcing, of course. A UPS spokesperson told the newspaper that the package delivery company is outsourcing transactional finance and accounting work in order to let employees “do more strategic work that can make a greater […]
Back in the spring, right around the time the country was going to hell in a handbasket due to the Rona, Deborah Gordon had been wooed by RSM US to leave her job as leader of KPMG’s Federal Excise Tax practice to lead the Excise Tax practice at Really Still McGladrey. About four months later, […]
[Updated on Sept. 17 with information about Andersen, EY Canada, KPMG US, and Plante Moran.] In case you haven’t noticed, there have been a lot of salary reductions and jobs lost throughout public accounting over the past couple weeks as a result of the coronavirus pandemic. And it sucks. So we’ve started compiling a list […]
You know fall is right around the corner when Robert Half releases its latest Accounting & Finance Salary Guide, and the 2021 edition is now available for download. But be warned: Due to everyone’s favorite pandemic, starting salaries for public accounting positions are expected to *barely* increase next year. Of the five positions each under […]
Last week we posted that the average annual compensation of equity partners who work in the top 100 public accounting firms in the U.S. (excluding the Big 4), as ranked by INSIDE Public Accounting, was $682,000, according to IPA’s latest practice management survey. For context, those firms range from RSM US ($2.7 billion of revenue) […]
