Here’s Your Open Thread for RSM (fka McGladrey) Compensation Discussions (2016)
Early July is usually when compensation discussions start for the denizens of RSM, fka McGladrey, fka McGladrey & Pullen, fka RSM McGladrey (a division of H&R Block). Lo and behold, very early this morning, a tipster sent us a message: RSM comp thread? Partners begin communicating July 6th through 20th. Normally, we might wait awhile […]
Don’t Forget, McGladrey Will Be RSM on Monday
Earlier this year, McGladrey announced that they would be dropping the "McGladrey" from their name and adding "RSM." The new initials goes official on Monday across the globe so I imagine many partners will fling soon-to-be-obsolete letterhead in their hearths this weekend, watching with a mixture of pain and longing as the paper turns to […]
McGladrey’s HR Department Is Interested in Relationships with Minors
Have you heard? The accounting profession is in crisis. The unemployment rate for accountants is at 2.2 percent, making it almost impossible for a licensed CPA to collect unemployment; and baby boomers are retiring like Brett Farve in 2006 and 2008 and 2009 and 2010, which means that younger CPAs are going to get promoted […]
Hey Look, McGladrey’s PCAOB Inspection Wasn’t So Good
The PCAOB released its inspection report for the accounting firm soon-to-be-formerly-known-as McGladrey yesterday and it's not the best but it's not the worst, either. Out of 15 audits selected, the inspectors found deficiencies in 7 of them. Most of the issues related to AS No. 5 and AS No. 13. It's all pretty shrug but […]
Accounting News Roundup: Toshiba’s Saga; PCAOB’s Progress in China; McGladrey on Campus | 09.08.15
Toshiba Slashes Earnings for Past Seven Years [WSJ]All told, the company overstated its earnings by ¥224.8 billion ($1.9 billion). KPMG Australia reveals gender pay gap data [AFR]It has no plans to reveal the current gap, rather "the extent to which the firm has narrowed that gap in the last four years." Pittsburgh's Coolest Offices: Deloitte […]
Here’s Your Open Thread for McGladrey Compensation Discussions (2015)
Some restless Mickey G’s (soon-to-be RSM) employees have been tapping on our shoulders this week:
McGladrey Latest Accounting Firm to Say, “Screw It, Let’s Just Go By Our Initials”
Yesterday, McGladrey announced they would become RSM. It was an inevitable move for a firm that has had a brand identity crisis over the years. McGladrey LLP today announced it will adopt RSM as a common brand name, uniting with fellow firms of its global network RSM International to further strengthen the organization's position as the […]
Accounting News Roundup: McGladrey Will Be RSM; Texas Wants GE; Car Dealer Suing Deloitte Over Saturn | 06.11.15
McGladrey to Strengthen Market Position by Adopting RSM as Global Brand Name [McGladrey]RSM goes official on October 26th. GE Wooed by Texas After Home State Connecticut Increases Taxes [Bloomberg]The company has formed an exploratory committee to weigh its options. That's all the encouragement Texas needs. Uber Reached Out to CFO Prospects [CFOJ]Namely, Bob Swan at […]
SEC Didn’t Appreciate McGladrey Partner’s Lack of Attention to Detail
Here's a story of hedge fund of fund guys doing hedge fund of fund guy things — onshore fund, offshore fund, master fund, an investment advisor, along with a couple other affiliated companies — and not being very good at some of the finer points: An SEC investigation found that Alpha Titans LLC, its principal […]
Accounting News Roundup: McGladrey Shopping in Dixie; SEC Clawbacks; Ending Property Tax Exemptions | 02.11.15
McGladrey Expands in Alabama [AT]McG will acquire "substantially all of the assets" of Birmingham-based Sellers Richardson Holman & West. Jailhouse accountant gets more prison time for false tax returns [PBJ]Steven Scott Pearce received an additional 33 months in prison for filing 17 bogus returns that requested $285k in false refunds. SEC Announces Half-Million Dollar Clawback […]
McGladrey CEO Embarks on 37th Busy Season, But Who’s Counting?
Fresh from the tip box this week, we discover that McGladrey CEO Joe Adams is "personally" trying to get his people in the spirit of the season. Busy season, that is. Yes, please send your kid Joe Adams' regards for celebrating her birthday without you yet again. After all, it's all about that McGladrey experience!
Whistleblower Confirms BP Gripes of McGladrey’s ‘Astronomical’ Fee for Audit of Deepwater Payments
Back in October, we learned that BP was upset with McGladrey over the firm's audit of BP's 2010 Deepwater Horizon spill victim compensation program. The problem? Money, of course: With audit costs allegedly running nearly tenfold over budget and no audit in sight, BP last week asked a federal court to force the claims administrator […]
Accounting News Roundup: McGladrey Whistleblower Says Audit Sucks; EY’s New BFFs; What’s the Cloud? | 01.16.15
McGladrey whistleblower claims Deepwater Horizon audit deeply flawed [The Louisiana Record]The whistleblower, who appears to have filed an anonymous internal ethics complaint in the matter, said the audit entered into the court record in the Deepwater Horizon case in November has very little acceptable data to back up its assertion that damage claims are being […]
Accounting News Roundup: Stop Networking and Start Talking; McGladrey First-Timers; Free Speech for All | 01.09.15
Bra-Stuffing School Money Embezzler Sentenced to Five Years [NBC Los Angeles]Caught stuffing school money into her bra and walking out the door, the former accountant of a Rialto school district was sentenced to five years in prison Thursday for embezzling public funds. Judith Oakes pleaded guilty to eight counts of stealing $1.8 million in public […]
Accounting News Roundup: PwC Accused of Being a Tax Avoidance Factory; Inversions’ Heyday; McGladrey Acquires Fesnak | 12.09.14
PwC sold ‘tax avoidance on industrial scale’ [FT]This sounds fun: "MPs accused a firm of accountants of 'selling tax avoidance on an industrial scale' on Monday after a tense parliamentary hearing sparked by the leak of hundreds of Luxembourg tax rulings. In the course of a two-hour grilling, MPs on the public accounts committee angrily denounced […]
Accounting News Roundup: Microsoft Coughs Up Change for Chinese Tax Evasion; An Accounting Pot Practice?; BDO Gunning for McGladrey | 11.26.14
We're calling it a half-day here and suggest to anyone who's actually working today to do the same. We'll be off tomorrow and Friday, returning Monday. If you have an Open Items emergency, we'll do our best to get you up and email us if you get called in to work during your tryptophan nap or […]
McGladrey Reminds Audit Staff to Stay Billable This Busy Season
McGladrey isn’t just clinging to the billable hour, they’re trying to put a ring on it.
Footnotes: Tell Us How You Really Feel; McGladrey Questions; No Inversion for You | 10.24.14
Why Tax Lawyers and Tax Economists Can’t Communicate [Tax Policy Center] BP Threatens Suit over McGladrey’s Audit of Deepwater Horizon Oil Spill Claims BP has some concerns that McGladrey might be ripping them off [AT] Where are all the young lawyers? [Above the Law] We get it, bro, you're pissed [Twitter] My risk retention dissent. […]
McGladrey’s PCAOB Inspection Report Is the Least Embarrassing Thing About McGladrey
We were too busy yesterday making AS5 jokes about KPMG to talk about McGladrey's 2013 PCAOB inspection report, which was released at the same time. McGladrey is used to warming the bench over Big 4 firms so we figured they could wait for us to get around to it. The news is pretty good, at […]
Footnotes: McGladrey Classic More Classic Than Ever; Your Future; Stupid Emails are the Problem | 10.22.14
Divided U.S. SEC adopts mortgage rule, decries lax lending U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. [Reuters] Former Bridgeport Township […]
Accounting News Roundup: A McGladrey Problem; Tax Raises; SEC Missing Laptops | 10.09.14
Defunct Physicians United Plan owners file $500M lawsuit against accountants [Orlando Business Journal]BTW, they are talking about McGladrey: "The owners of the now-defunct Winter Park-based Physicians United Plan Inc. are suing their accounting firm for $500 million." What if taxes go up and no one notices? [The Hill]You people need to start paying attention: "At […]
McGladrey Boldly Declares They Now Own the Middle Market in Ohio
While no one else was paying attention, McGladrey quietly gobbled up a Cincinnati accounting firm, completely dominating the middle market for the fine state of Ohio. First Ohio; next, the world. According to Cincinnati Business Courier: Battelle Rippe Kingston has reached a definitive agreement with Chicago-based McGladrey LLP in which McGladrey will acquire "substantially all […]
McGladrey Ups Its Game With Its Latest New Hire
Anyone remember the awkward fireside chat? If so, this guy looks familiar. I have joined McGladrey as their Chief Economist. I look forward to creating a new product on the U.S. economy & the middle market — Joseph Brusuelas (@joebrusuelas) August 12, 2014 What does this mean for McGladrey, the middle market, and the rest […]
Comp Watch ’14: Here’s Your Open Thread For McGladrey Compensation Discussions
We're coming straight out of Comp…ensation today with word that McG is joining the comp party with talks that started late last week: I just wanted to mention that McGladrey has started their compensation meetings so you may want to create a thread at this point. Consider your wish granted, young man. Two things: this […]
Recruiters Attempting to Recruit People Who Work at McGladrey to Work at McGladrey
McGladrey doesn't have a very good reputation when it comes to recruiting, mostly because they can be so enthusiastically obnoxious about it. But this latest snafu is so awkward — even for McGladrey — that we wonder if they don't do this stuff on purpose. Guys, you need a new recruiting firm. One that, like, […]
What Does McGladrey’s Joe Adams Have in Common With the Aflac Duck and NKOTB?
Joe Adams has a date at NASDAQ this afternoon: In conjunction with the upcoming "Trends in Business Development Companies" (BDC) conference on Tues., June 10, McGladrey LLP, the leading U.S. provider of assurance, tax and consulting services focused on the middle market, will visit the NASDAQ MarketSite in Times Square. The BDC conference is co-hosted […]
McGladrey is Still Figuring Out How Twitter Works
This is why you don't let interns near the internet, guys.
McGladrey’s Latest PCAOB Inspection Reveals McGladrey Is Not Grant Thornton
Well, the PCAOB is slowly but surely cranking out more 2012 inspection reports and today, McGladrey gets to celebrate an accomplishment: being better at auditing than Grant Thornton (though I suppose given GT's embarrassing audit failure rate, that isn't saying much). Not only that, they're slightly better than EY and only slightly worse than PwC. […]
McGladrey, Grant Thornton, BDO Will Break into Big 4 By 2019, Says Guy on Twitter
People say a lot of crazy things on Twitter. I know I have. But this guy just said the craziest:
McGladrey Battled the Busy Season Blues with Puppies
I will admit I was on McGladrey's Success Starts Here blog looking for something to troll. And I will admit that while I was reading entries from "interns" I threw up in my mouth a little bit. But then I scrolled down and found this: Always willing to try something new, the McGladrey Boston office […]
Why is McGladrey posting jobs that “prefer Big4 experience”?
Here's an example of what I mean: http://jobs.mcgladrey.com/job/Dallas-Consulting-Services-Senior-Associate-Bank-Regulatory-Compliance-Job-TX-75201/50038400/?feedId=1427
McGladrey CEO: ‘Nah, bro. We’re cool right where we are.’
You need to go over to WSJ to read all about how BDO is aggressively gobbling up firms in order to get that much closer to the Big 4's backside. Here's a nibble: BDO, one of the midtier accounting firms below the Big Four, has been aggressively trying to grow faster under Chief Executive Wayne […]
McGladrey Rises Up to Seventh Largest Consulting Firm in MA Just Ahead of Some Guy
McGladrey has had a great February, folks! First, they got news that they moved up one spot and are now #4 in the critical Minneapolis/St Paul market. And now, they are the seventh largest management consulting firm in Massachusetts. #7! They had to beat out, like, at least 3 other firms and a guy named […]
Caption This: McGladrey Gets the News They’ve Risen to the 4th Largest Firm in Minneapolis/St Paul
Clearly, the excitement over McGladrey jumping one spot in the cutthroat Twin Cities market is palpable: In case you care to add a speech or thought bubble to the photo, here is a good generator.
McGladrey’s Clients Are More Loyal Than Other Firms’ Clients Because McGladrey
You can believe everything you read on the Internet, especially when it comes from an accounting firm because trust! Like this bit from McGladrey: Bottom Line — McGladrey clients are more likely to retain us than our competitors’ clients are to retain them. McGladrey measures client and competitor loyalty as part of a broader client […]
McGladrey Interns Are Busy Learning Their Colleagues Are Boring, How to Use an Ice Cream Truck
Remember your first internship? The thrill of getting that company-issued laptop, of learning the ropes, of being mentored by senior staff in things you didn't learn in college like how to get a coffee order right? Well the McGladrey winterns are busy blogging about it, let's check in with Jamie, a tax intern in Iowa […]
What’s Worse: Getting Your Ass Kicked in the Super Bowl or Shooting the Breeze with McGladrey?
So we're trying to figure out which Manning had it worse — the one who got embarrassed in the Super Bowl or the one who had a long chat with McGladrey and special guests in front of a sponsored backdrop? @EliManningHub shared his #SuperBowl experiences and discussed leadership on and off the field with […]
ANR: Survey Reminds Us That Everyone Hates the Proposed Lease Accounting Standard; McGladrey Is in the Dog House; Tax Prep Ads on One Dollar Bills | 01.29.14
Deloitte Survey: Preparation for Lease Accounting Compliance Stalls as Concerns over IT and Data Systems Rise [Deloitte]I think we're officially at the kicking and screaming point when Deloitte is doing surveys that receive this kind of response: "The quality of data, the complexity of compliance, and a lack of confidence in IT systems are the […]
Aren’t You GLAD For This McGLADrey Holiday Card?
Can't embed, sorry. The McGladrey card can be found here. You will be GLAD you wasted the 30 seconds of your life clicking it.
The Fire Is Really the Most Engaging Part of McGladrey’s Fireside Chat
You can sort of tell this is not going to end well as soon as the camera pans out and you spot Bloomberg Senior Economist Joe Brusuelas' white socks. It all goes downhill from there. In this chaming fireside chat with McGladrey's Joe Adams and McGladrey client Shurtape Technologies CFO Don Pomeroy, Joe reminds us […]
McGladrey Tax Associate Opts for Pedantry in His Farewell Email
Unless you work in a soul-sucking environment with a bunch of glory hogging superiors who are constantly kicking you down, you will get several opportunities to showcase your intelligence during your careers.