Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: Wanted: Accounting Professors and More on GE’s Deal With PwC | 01.23.17

Wanted: Accounting Professors

Here's a report in the Daily Illini, the student newspaper of the University of Illinois, that says the school has approved the hire of three new accounting professors, but also mentions that the accounting department "usually sees two or three departures per year." Jon Davis, the head of the department said that the supply of accounting professors is pretty bad: "In any given year, he said, there may be 10 or 12 qualified prospects available worldwide and 20 schools that want to hire them."

GE and PwC

On Friday, we got a little update on the deal that will send over 600 tax professionals from General Electric to PwC. The Wall Street Journal's Vipal Monga reported that GE will "also get a slice of the revenue the deal generates for PwC," according to the Jeffrey Bornstein, the company's CFO. The size of that slice is unknown, but Bornstein says that migrating the staff to PwC will save GE $100 million. Also, they won't "waste the large suite of proprietary accounting technology it had created." So that's nice.

Has Donald Trump released his tax returns?

Nope! And hey look, there's a petition with over 250,000 signatures requesting that he release them. Oh, and hey look again, here's Senior Advisor Kellyanne Conway's response, saying, "The White House response is that he’s not going to release his tax returns." Oh, and hey look just one more time, here's WikiLeaks saying that this broken promise is "more gratuitous than Clinton concealing her Goldman Sachs transcripts" and asking for people to leak the tax returns. This is…[counting on fingers] all in the first three days!

Previously, on Going Concern…

I wrote about a CPA accused of threatening former President Obama's life. Yikes.

In other news:

Get the Accounting News Roundup in your inbox every weekday by signing up here.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

cat on a desk

Friday Footnotes: RTO Isn’t Going So Great; KPMG Wins Something; What Auditors? | 5.19.23

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 get the week’s top stories in your inbox every Tuesday and Friday. See ya. ICYMI I Love Accounting. So I Had to Leave. [GC] Benjamin […]

cat with breakfast in bed

Monday Morning Accounting News Brief: Identical Twins Head to Deloitte; TWO PwC Leaks; VA Tackles 150 | 5.15.23

Good morning and happy Monday! Here’s some stuff happening. Virginia Society of CPAs is tackling the question “is 150 too many?” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a […]