In its ongoing effort to tell audit firms that it means business this time for real, the PCAOB is reminding firms that local affiliates will be held to the same standards as the U.S. firms they are affiliated with. Said PCAOB Chair Erica Williams to the Financial Times: “[Global audit firms] know that we are […]
2015. That was the last time PwC held the distinction of being the world’s biggest accounting firm by revenue, edging Deloitte by a $35.4 billion to $35.2 billion margin. But since then it’s been all Deloitte, overtaking PwC in 2016 and widening its lead in 2022 to about $9 billion now that PwC has officially […]
The Securities and Exchange Commission has charged Deloitte China with failing to comply with fundamental U.S. auditing requirements because in numerous audits over numerous years Deloitte China asked clients to select their own samples for testing and to prepare their own audit documentation. From the SEC press release: The Securities and Exchange Commission today charged […]
Fortune has come out with their 100 Best Large Workplaces for Women list and while no accounting firms made the top ten, Deloitte managed to claw their way up to #16 from #51 in 2021 thus making them the highest-ranked Big 4 firm on the list. To determine the Best Workplaces for Women, Fortune research […]
For years, audit has struggled to attract talent and especially leadership because let’s be honest, audit is awful. You’re clients least favorite person, you have regulators breathing down your neck, and one little mistake can ruin your whole career. Plus the pay is…not great compared to other service lines. EY UK Chair and Managing Partner […]
Boeing will eliminate about 150 positions in finance and accounting in October as part of an effort to streamline these departments’ operations and will outsource this work to a firm in India. The Seattle Times reports: Boeing told nonunion corporate staff in an all-hands virtual meeting this month that it will begin outsourcing finance and […]
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’
TMZ reported over the weekend that Fat Joe is suing his longtime accountant Andre N. Chammas and Chammas’ firm BDO for alleged misappropriation of funds. Oh and he claims that BDO is running some kind of Ponzi scheme. According TMZ’s review of the legal documents, Fat Joe noticed “some accounting regularities” after Chammas’ assistant Vanessa […]
Fortune has come out with their 100 Best Large Workplaces for Women list and while no accounting firms made the top ten, Deloitte managed to claw their way up to #16 from #51 in 2021 thus making them the highest-ranked Big 4 firm on the list. To determine the Best Workplaces for Women, Fortune research […]
Increases in public accounting starting salaries for next year aren’t expected to even hit 6%, we reported a couple days ago after examining salary data from Robert Half’s 2022 and its newly released 2023 Accounting & Finance Salary Guides. At least those of you who work in/live within or near cities with the highest cost […]
ICYMI yesterday, we reported that starting salaries for public accounting next year are expected to increase between 2.3% and 5.8%, depending on the position and an employee’s experience, according to data we analyzed from Robert Half’s 2022 and 2023 Accounting & Finance Salary Guides. Last year around this time we looked at how public accounting […]
