October 1, 2022

ANR: Yes, We Heard Deloitte Is a Big Firm; EY Gets a Joe Montana Jersey; Penn State’s New Accounting Certificate Program | 01.30.14

Deloitte leapfrogs PwC to become top accountant -global survey [Reuters]
Apparently a survey was needed for something we told you about 4 months ago. "The International Accounting Bulletin said Deloitte , PwC, KPMG and EY, dubbed the Big Four, still dominate the sector with over two-thirds of the market, dwarfing the combined 33 percent share of mid-tier firms like BDO and Grant Thornton. Deloitte reported fee income of $32.4 billion last year, just ahead of PwC with $32 billion. EY came third with $25.9 billion and then KPMG with $23.4 billion."

Obama Promotes Low-Risk Return in Starter Savings Plan [Bloomberg]
We're a long ways off from being a nation of misers, but it sounds like it could help a little bit: "President Barack Obama’s new retirement accounts lack the most popular features of 401(k) plans. They offer no matching contributions, no prospect for eye-popping returns and no track record of employer support. Obama’s plan also relies on low-income workers being willing to do something they often can’t — set aside money in savings when they have immediate needs. As Obama took to the road to promote the accounts this week, investors, bankers and financial planners questioned whether the accounts would achieve what Obama wants: building a retirement safety net for millions of people who aren’t saving."

I can't help but think about this old SNL skit.

Smeal's accounting department proposes new certificate program [PSN]
The Corporate Control and Financial Management ("CCFM") will prepare students for "careers in industry, government, consulting and advisory service firms that can lead to executive positions as treasurer, comptroller, budget director and chief financial officer."

Iowa Athletics Department Accountant Fired Over Missing Money [WOWT]
Auditors discovered $66k missing in Hawkeye Express ticket sales. 

Holder: No decision on charges in IRS case [The Hill]
Going forward, this will be our official theme music for this story. 
 
Deport Justin Bieber petition tops 100,000; White House must respond [LAT]
Do your part — sign it today.

 

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