KPMG Australia has joined PwC in deploying AI to get some work done, finally giving us the “robots taking your job” scenario we’ve been eager for since at least 2010. It’s here! Funny enough, KPMG blocked staff from using ChatGPT a little less than two months ago, though it did allow certain IT professionals to […]
Does anyone still care about the EY split? Did anyone ever? Well, here’s your semi-weekly update anyway. Wall Street Journal reports that EY Global CEO Carmine Di Sibio and EY US Chair Julie Boland will be going head-to-head in Palo Alto this week to hash things out. As you may remember, Boland dared to raise […]
It occurred to me the other day as I was setting up my bullet journal spreads for next month that it is almost April. How’d that happen? As I was casually drawing out colorful little calendar boxes, checklists, and doodles without a care in the world I remembered that there are a good number of […]
They just had to use this picture, didn’t they? Alright, here are some other headlines for ya. Deloitte, Accenture, McKinsey: Who Are The Top Consulting Firms For B-School Students? The world’s largest accounting and professional services firms in terms of revenue and workforce, these prestigious firms are renowned for offering high salaries with a generous […]
Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? [Journal of Accountancy] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. It’s time for firm leaders […]
The following message is for current and aspiring CPAs: it isn’t often that anyone asks your opinion unless it’s a client trying to get free work out of you but there is an issue in need of your immediate attention and feedback. NASBA is soliciting comments on a proposal to extend the CPA exam window […]
TW: TurboTax bashing Before you get all bent out of shape over an anime dating sim that asks for your Social Security number for the purposes of helping you complete your federal tax return, know two things: Steam yeeted the game you’re about to see off the platform in a mere 24 hours and Tax […]
Accounting OG @twuench took a break from telling interns to get off his lawn and has shared this great busy season survival tip from his former direct report at PwC. Take notes, people. IRS employees, y’all are out of luck sorry. Not like you’re allowed to partake anyway.
It’s a rare day we write about Accenture but because the firms we do write about have begun tightening their belts and even cutting advisory people (KPMG, BDO), we thought it prudent to inform you of what appeared in the 10-Q the company filed yesterday. This is from Item 2. Management’s Discussion and Analysis of […]
On March 20, New York Attorney General Letitia James filed a motion to compel (aka “gonna need the court to make someone do something thx”) Whitley Penn to hand over documents and communications relating to her civil fraud case against their client Donald Trump, three of his adult children, and the Trump Organization. Whitley Penn […]
While it appears the EY split is going off the rails, despite assurances to the contrary from people who stand to make many millions of dollars from it, one former client — or rather, the client’s administrators as the client burned to the ground three years ago — is not satisfied with letting the drama […]
Is there any limit to the robust and ever-growing suite of services offered by professional services firms? Apparently not. As we’ll learn in a sec, not even the sky is the limit. It was less than a year ago that EY put $3 million Aussie bucks into a space business in partnership with Swinburne University […]
Ed. note: the following is a guest post by Jack Castonguay, PhD, CPA, who has not yet been replaced by ChatGPT as far as we know. Or has he? Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? […]
It’s no secret the pandemic screwed a lot of things up. Firms suddenly had to figure out how to manage an entirely remote work force, CPA exam candidates couldn’t test for months due to Prometric closures, and let’s not forget the poor interns and first years who had to wait for answers in Teams while […]
Hello and happy Monday. Or just Monday, I’m not here to force emotional responses. Here are a few things going on in our little corner of the world. From Forbes’ America’s Best Management Consulting Firms: For the second year in a row, both Bain & Company and Deloitte were the most-recommended consultancies, with star ratings […]
There’s a lot happening this week. Which YAY because hooooo boy can it get boring around here when there isn’t. First things first, check out what the AICPA is working on and when you’ve had a chance to review their idea, reach out with your feedback if you want. Comments are closed on Footnotes because […]
Minnesota Society of CPAs has sent a message to educators in the state regarding legislation that would introduce an alternative pathway to CPA licensure and the message to these stewards of the next generation of accountants is clear: no one is trying to eliminate MAcc programs. As you should well be aware, MNCPA wants to […]
Accounting Today has published “The 20 biggest problems for firms in 2023” and no one will be surprised to find out that the war for talent ranks #1 among the firms AT surveyed. Talent actually has its tentacles in a number of problems on AT’s list and spills over into several items–capacity issues, burnout, retention. […]
Not a good look, you guys. Then there’s this — unconfirmed and now removed — post on Fishbowl a couple days ago: “This will be resolved within weeks, not months, because we not only need momentum across the deal but we need clarity for all our stakeholders,” said Patrick Winter, EY’s Asia-Pacific managing partner a […]
While the general investing public is asking “where were the auditors?” in regards to the recent collapse of Silicon Valley Bank and Signature Bank, the banks’ auditors are insisting that, having exercised requisite due professional care, their unqualified opinions were based on the information available to them at the time and as such, the firm […]
Today is the day that PwC ushered in a new era for professional services: a global partnership with AI startup Harvey, offering PwC’s legal professionals “exclusive access” (that is, they are the only Big 4 firm who has it) to the platform. It’s a shame we had to scroll all the way to the bottom […]
Y’all need to calm down, I’m running out of “angry person” stock photos. With the accountant shortage in full swing and the profession’s talking heads, peanut galleries, unwashed masses, and unelected old white guys in charge discussing ways to ease it, it’s inevitable that we’ll start throwing out some WILD ideas. Like this one: Want […]
Mere hours ago, Baker Tilly announced via news release that Alan Whitman has resigned from his role as CEO and chairman of the board effective immediately. This is a surprise to say the least, Baker Tilly has been making a lot of big moves in the past year or so, honestly we expected an explosive […]
The fallout from the collapse of Silicon Valley Bank — the 16th largest bank in the country up until Friday — is only just beginning and while pundits and scribes at better publications than this one dutifully debate why it happened and what comes next, we’re here to point out the hilarious resume of SVB […]
Hello and Happy Monday! Here’s some stuff going on in our little corner of the world. A former Deloitte partner is suing Metropolitan Life Insurance Co. for disability benefits, saying he’s unable to return to his “highly-demanding” position because of multiple mental health conditions: The lawsuit, filed Thursday in the US District Court for the […]
Some things are happening today. Bank Fail Friday is back! What does Silicon Valley Bank’s collapse mean for the financial system? [The Economist] Two ways. Gradually, then suddenly. That is how Silicon Valley Bank (svb), the 16th-largest lender in America, with about $200bn in assets, went bust. Its financial position deteriorated over several years. But […]
Joe Ucuzoglu, the former head of Deloitte US and current Deloitte Global CEO, has recorded a 20 minute video which was circulated to all firm leadership yesterday and then, just to be sure EY sees it to be as transparent as possible, had it published to the Deloitte website for all to see. In it, […]
By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver Going Concern previously reported on bits of an interview with Ken Bishop, President and CEO of NASBA, published in Journal of Accountancy. A cut out in the article includes this quote, “Should any state or […]
Ever since “Project Everest” was announced last year there have been delays, complaints, and constant reassurance from leadership that things are going forward as planned, depending on market conditions. Only a week ago Global Managing Partner Andy Baldwin told Bloomberg Radio that a few details needed to be hammered out — specifically how legal liability […]
The United States Tax Court recently ruled that Edwards Engineering could only deduct $304,640 of the $1,037,237 it claimed under Section 179D for the installation of energy efficient commercial building property (EECBP) it performed at a Veterans Affairs hospital in 2013. Q: Edwards Engineering is a client of what tax consulting firm, a popular subject […]
Today, residents of the Portland Hotel in Vancouver are marching to Deloitte offices to speak to Varun Banthia, Policy Specialist at Deloitte Future of Canada Centre. The issue? Their nine-story dwelling does not have a working elevator and Banthia sits on the board of directors of the PHS Community Services Society, a charitable non-profit that […]
The Financial Reporting Council has fined PwC £7.5 million ($8.9 million USD) for work related to Babcock, a multinational corporation headquartered in the UK providing, among other things, engineering services. Babcock conducts most of its business with the government, particularly the Ministry of Defence (don’t @ us, that’s how they spell it across the pond). […]
A 55-year-old Philadelphia woman is being charged with ethnic intimidation and harassment — a hate crime under Pennsylvania law — after an unhinged, racist rant in a pizza shop brought on by Spanish language programming on the shop’s television. The original TikTok of her bizarre rant, which took place on February 23, has been removed […]
Just the other day we were talking about initiatives around the profession to ease the burden of the 150 hour requirement for CPA licensure that tie together education and work experience, like work-for-credit programs or 5th year education partnerships between firms and universities. Today, we’ve learned of another education-experience partnership: a high school in North […]
Good morning and happy Monday! Things were a bit quiet last week as much of the profession currently has their heads down grinding through the best time of the year, this week will likely be much of the same. BDO layoffs were the significant story from last week and may signal the start of a […]
Big 4 How auditing giant KPMG became a global sustainability leader while serving companies accused of forest destruction [International Consortium of Investigative Journalists] The firm vouched for an Indonesian company with a supply chain beset by deforestation allegations and a project in Canada that led to an Indigenous forest’s “death by a thousand cuts”. ‘Happy […]
Skipping the smart-ass headline for this one and getting right to it: Virginia Society of CPAs surveyed a total of 84 public firms, 17 solo practitioners, 133 accountants in corporate/industry, and 48 in government/nonprofit for the 2022 VSCPA Compensation & Benefits Survey and here are the results: Virginia Accounting Salaries Mean Median Accountant I: 0-1.9 […]
In case you didn’t notice because who cares, Baker Tilly has engaged the help of filmmaker and adventurer Jimmy Chin and teenage tennis star Coco Gauff to brighten up the Baker Tilly name and recruit the youfs to this exciting accounting firm. Said Coco Gauff at gunpoint in a press release about the partnership: “I […]
Fresh off the rumor mill: BDO USA has cut 85 people from advisory, announced via internal email from brand new advisory head Eskander Yavar to all of his service line this afternoon. We were provided part of the email which reads: Today was a difficult day for our practice — we reduced our workforce by […]
CBIZ and MHM have finally ditched the ‘1999 amateur golf team’ logos and transported themselves into current day with a fresh new look to celebrate stellar performance and dynamic client service. Of course there are a pair of press releases to mark the occasion, here is MHM’s: Mayer Hoffman McCann P.C. (“MHM”) has updated its […]
A few short weeks ago, KPMG US cut a few hundred advisory jobs and KPMG Australia followed close behind with a reduction of about 200 or two percent of its approximately 10,000 staff. This, they said, was due to a slowdown in consulting work. When Australian Financial Review wrote up the KPMG cuts, they mentioned […]
Ed. note: if you’re visiting from r/accounting, thanks for actually reading the article. Love ya. Another day, another article purporting to offer the solution to the precipitous drop in accounting talent over the past several years that doesn’t involve paying people more. “Young people” have been blamed for talent shortages long before an actual shortage […]
Having happily offered services to crypto clients since 2014, Armanino very nearly marked ten years in the crypto space until the catastrophic collapse of crypto exchange FTX in November 2022 forced them to part ways with crypto clients seeking assurance, FTX being one of them. As a reminder, here’s what happened in December: Armanino is […]
There’s a contentious battle raging over the 150 unit requirement for CPA licensure as we speak and in the meantime we have to figure something out to ease the accountant shortage that has a bit more immediate impact (and doesn’t involve paying people more because clearly the firms are not down with that idea). Wherever […]
Although EY has already decided who will lead the divided factions of audit and consulting, the necessary vote through which roughly 13,000 partners will decide whether or not to split has a few more hurdles standing in the way before it can happen. When the news of the split first broke in May of last […]
Ever since professor Anthony Klotz coined the term “The Great Resignation” in 2021 we have been inundated with more and increasingly nonsensical workplace trends bouncing around the business rags. Quiet quitting, quiet hiring, bare minimum Mondays, ‘tang ping,‘ (‘lying flat’ in Mandarin Chinese), and now we have “rage applying” which we’ll get to in a […]
In Australia, EY is still bungling this one up: EY accidentally leaked the personal details of current and former employees while trying to launch a massive review into the firm’s workplace culture. The Big 4 Accounting firm announced the independent review following the tragic death of EY worker Aishwarya Venkatachalam, 27, who fell to her […]
Talent The new math in recruiting at accounting firms [Puget Sound Business Journal] You have to scroll way too far down in this article to see a mention of salary. Shocking. When they’re not striving for the pinnacle of their sports, internationally famous mountaineer Jimmy Chin and teenage tennis phenom Coco Gauff are promoting accounting […]
I’m dating myself here but do you remember the East Coast/West Coast rap beef of the 90s? That’s sort of what’s happening in the profession right now over proposed legislation in Minnesota that offers an alternative to the traditional 150 units of education required for licensure. Except in the case of 90s rapper beefs, Tupac […]
Some time last year PCAOB inspectors visited China and while details of their visit were kept somewhat quiet from both sides, we were told that the inspectors gained unprecedented access to Chinese audit work. This event did not come about because China suddenly warmed to the PCAOB, rather Congress urged their cooperation along with the […]
Bored of writing and talking about the dire accountant shortage and the consequences it could have on the entire financial system as we know it, the other day I tweeted a question to find out what else folks think is plaguing accounting. Thanks to everyone who chimed in, I know sometimes Twitter feels like shouting […]
This morning, SAP announced that it has picked former King of Deloitte Punit Renjen as designated supervisory board chairman. You’ll remember he was liberated from Deloitte last fall after many years and many billions of dollars together with the firm. Deloitte US CEO Joe Ucuzoglu succeeded Renjen as Deloitte Global CEO at that time and […]
BUSTED. Get it? The report from KSL-TV in Salt Lake City we are about to share with you refers to a Department of Justice news release but we weren’t able to find one so we’re going to have to go off the TV station story. TL;DR Two guys and their accounting firm are accused of […]
Listen to Oh My Fraud, a podcast by Caleb Newquist and Greg Kyte, and get free CPE through Earmark.
Late last week, South China Morning Post reported that a consultant at EY Hong Kong has accused Steven Xiong, Head of Greater China Business Consulting, of sexually harassing and assaulting her and another colleague at a karaoke bar. It appears the accuser, Nicole Wang, has written a detailed account of the incident in which she […]
I don’t know how I didn’t see this a week ago when it was posted but…enjoy. It’s the Comic Sans for me.
All-around awesome person Byron Patrick tweeted a bit of a manifesto on the 150 hour rule today and I want to share it as a movement to lower the CPA licensure requirement of 150 units to ease the CPA shortage is currently underway. Minnesota just introduced a bill to add a 120 units/two years of […]
Since it’s Monday and all, let’s start with this: ‘Bare Minimum Monday’ is the latest workplace trend hitting productivity We’ll write this one up later: Accounting firm Ernst & Young launches probe into sexual harassment claim filed by Hong Kong employee after allegation goes viral online [South China Morning Post] Employee says she and her […]
Big 4 EY expects ‘massive approval’ in vote to split up company [Reuters] Partners in EY are expected to give approval for spinning off the company’s consulting arm and listing it on the stock market by the end of the year, a senior EY official said on Tuesday. Over 13,000 partners – out of EY’s […]
It was only a couple days ago that the Journal of Accountancy published an interview with NASBA CEO and President Ken Bishop in which Bishop sternly warns states against even thinking about lowering the CPA licensure requirement to 120 units, something something mobility blah blah. To save you a click, here’s a relevant snip of […]
Amanda Iacone has written a piece for Bloomberg Tax about the EY split and how it stands to shake up an already shaken industry, the whole thing is worth a read. We already know there is a talent war, and we also know that PwC in particular is eager to snap up unhappy EY talent […]
Mazars released its global financial results this week and as is tradition, there is a press release celebrating it. Mazars, the international audit, tax and advisory firm, today releases its global financial results for the 2021/2022 financial year, highlighting double-digit year-on-year growth of 16.4%, reaching €2.45bn in fee income. The increase in revenue comprises strong […]
Much like here in the U.S. with the PCAOB, the Financial Reporting Council across the pond has been busy at work inspecting audit firms with a fine-toothed comb and handing out fines like beads at Mardi Gras (Financial Times calls it “swift with the stick”). At first these efforts were largely focused on Big 4 […]
Article photo from a scathing review of KPMG’s metaverse space Alright folks, the moment we’ve been saying wasn’t going to happen to us now has: layoffs are here. Bet you feel dumb for saying firms won’t be laying anyone off because they don’t have enough people to lay off eh? I know I do. We’ve […]
Ed. note: Adani Group has said that a Grant Thornton audit is simply a “market rumor.” Video update at the bottom. Earlier this month, short seller Hindenburg Research dropped a report called Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History (report here) full of bullet points outlining […]
Are we ready for another survey? OH BOY. Thomson Reuters has written up the 2022 ConvergenceCoaching, LLC® Anytime, Anywhere Work™ (ATAWW) Survey — you can request survey results here — and we learn that almost all responding firms say they are being flexible about where and when their people put in their time. Of the […]
When we talk about why no one wants to be an accountant anymore, a handful of things come up in every thread. Let’s quickly get them down in case an alien who just landed on Earth this morning Googles “accountant shortage,” arrives on this article, and wishes to learn more about the causes. Salaries — […]
Good morning and welcome to a brand new week. Last week was oddly quiet but that shouldn’t be too much of a surprise, right now is “keep your head down and get your work done” time for a good chunk of the profession. Oh, here’s last week’s Friday Footnotes if you want to catch up […]
Talent As tax season approaches, accounting firms are short on staff [Marketplace] Oh hey! Planning ahead: How these employers will grow and retain talent this year [Silicon Republic] When it comes to engaging with talent, PwC recently launched its people value proposition, which aims to give employees flexibility with how they work and help them […]
The Wall Street Journal has written a pretty detailed account of comments EY Global Chairman and CEO Carmine Di Sibio made to WSJ’s CFO Network Summit earlier this week, scroll down to skip past a bunch of words and watch the clip. Of note, the split vote is now expected to happen in April. “I […]
With nearly $80 billion allotted over the next 10 years thanks to the Inflation Reduction Act, the IRS is going on a hiring spree to improve its woeful customer service (to taxpayers and tax professionals alike) and technology; wade through the piles of individual, business, and amended paper tax returns that have accumulated over the […]
Just before midnight last night my phone reminded me that February 9 is National Pizza Day, an event celebrated year-round at accounting firms across the country. Why February 9? I’m not exactly sure, and Googling it only got me a bunch of weird AI-populated websites about the history of pizza. Did find this though: I’ve […]
For CPAs, accountants, and auditors, busy season sucks. The stress can take a serious toll on your personal life, your relationships, and even your health. That’s because it’s hard to find time for things like diet, exercise, and those pesky “other people in your life” when you’re busy reconciling the list of outstanding client requests […]
The family of 25-year-old Peter Smith, an audit associate at KPMG who died of Lyme carditis—which occurs when Lyme disease bacteria enter the tissue of the heart—on July 2, 2017, was awarded $6.5 million by a jury in Cumberland County, ME, last week after deciding that a Mercy Hospital doctor had failed to accurately diagnose […]
According to the results of a recent Robert Half survey, companies across the U.S. are hungry for talent and of all professional roles, finance and accounting are nearly the most in-demand, second only to technology. The survey also shows that few respondents expect to freeze hiring or eliminate positions in the first half of this […]
Been a while since we’ve ranked anything, thankfully Portland Business Journal came in clutch today and gave the world a good old fashioned ranking of Portland accounting firms. The full list of 30 firms costs $30 and we don’t have money like that so we’re looking at the five we can see for free. There’s […]
The last time we wrote about EY and the Super Bowl it was regarding the firm’s cringey “Question Everything” ad—loved by then-U.S. chair Kelly Grier—that aired two years ago during Super Bowl LV between the Tampa Bay Buccaneers and the Kansas City Chiefs. The Chiefs are back in the Big Game this Sunday against the Philadelphia […]
Max Tokarsky — whose Twitter bio reads: “We can help your company grow by augmenting your U.S. team with Ivy League class, bilingual professionals based in Mexico” — has written a piece for Forbes about the current outsourcing trend from his perspective as a guy who is helping companies grow by augmenting their U.S. team […]
While clicking around NASBA’s website this afternoon on a hunt for information I need for an actual article and not the shitpost you are about to read, I came across their merch page and excitedly clicked over to “CPA merchandise” to see what they had. CPA stress balls? “I got a 75 on REG and […]
Although I am not a loyal reader of Human Resource Executive I did come across an article they just did on CLA — also known by their confirmation name CliftonLarsonAllen — and the benefits HRE outlined in said article sound awesome. Flexible PTO, a wellness stipend, access to cognitive behavioral therapy for the employee as […]
Hate to be the burster of bubbles for anyone out there excited to unload your work on ChatGPT but PwC Australia has told its people that for now, playing around with AI should happen strictly off the clock. Australian Financial Review reports that in this morning’s internal newsletter, PwCers were told not to feed client […]
Good morning and Happy Monday! Here’s some news to start the week and give you something to talk about around the virtual watercooler. Auditing is the most “in demand” finance career right now according to a new study from CMC Markets, an online trading platform, which analysed monthly Google searches using Ahrefs for jobs within […]
Hail Eris! Today is 2/3/23 and this is your Friday roundup of all the week’s news that wasn’t fit to print (or make fun of). We appreciate you stopping by! Big 4 EY considers handing retired US partners cut of proceeds from spin-off [Financial Times] EY has told retired US partners it is considering giving […]
On January 24, short seller Hindenburg Research dropped a report called Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History, in which Hindenburg accuses Indian conglomerate Adani Group of engaging in “a brazen stock manipulation and accounting fraud scheme over the course of decades,” among other things. A […]
The fourth quarter of 2022 didn’t miraculously save what was a terrible year for initial public offerings. There were 20 IPOs during the last quarter of the year which raised a combined total of $1.9 billion, according to a new analysis from Audit Analytics. That is down significantly from Q4 of 2021, when 265 companies […]
Thanks to the commenter who brought this to our attention. Accounting firm merger madness continues, this time the union of Citrin Cooperman and Berdon announced on the 1st. We should have seen it coming as Citrin Cooperman has been busy the last 15 months, growing revenue by $200 million and completing several mergers since private […]
There’s another article about the accountant shortage today and this time it’s in Insider. There’s nothing in there you don’t already know — enrollments are down, boomers are retiring, the process of becoming a CPA is extra and sucks, kids need to be convinced that accounting is great, blah blah — but they did get […]
Breaking news: Cohen & Company made a mistake on one of its audits inspected by the PCAOB. Big deal, you’re probably thinking, audit firms screw up all the time—some more than others. (We’re looking at you, BDO USA.) But Cohen & Company had perfect auditing report cards from the PCAOB for 2018, 2019, and 2020. […]
Image via CliftonLarsonAllen CLA has merged with New Jersey’s SobelCo (a firm we’ve heard only good things about) and produced the obligatory press release about the union. Shout out to Allan Koltin, the prenuptial counselor of accounting firm marriages, who helped with the deal. News release: Today, CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm […]
Insider has published an ‘as-told-to- essay from EY Americas Vice Chair — Talent Ginnie Carlier in which she offers insight on what the firm is looking for from prospective hires. One takeaway: add a “personal purpose statement” to your résumé if it doesn’t already have one. This is not a bland objective — those have […]
Bloomberg reported today that KPMG UK CEO Jon Holt told them the firm plans to raise audit fees, news that comes on the same day we find out KPMG UK revenue increased 12% to £2.72 billion ($3.3 billion) for their fiscal year ending in September. Much of that did not come from audit however, deal […]
Deena Vang Lee of Fresno, CA, was indicted in April 2019 and charged with wire fraud, aggravated identity theft, aiding and assisting in the preparation and presentation of false and fraudulent tax returns, and making and subscribing false and fraudulent tax returns. She was accused of preparing family and friends’ returns for a fee that […]
The AICPA has released Q4 CPA exam pass rates which means we have a cumulative score for all of 2022 YIPPEE. As we did not discuss pass rates at all last year, let’s take a look at the whole chart and see how CPA exam candidates performed in 2022: Section Q1 Q2 Q3 Q4 Cumulative […]
It is known that the pandemic shifted everyone’s priorities and forced many of us to confront the question of “what am I doing with my life?” Almost all human beings with jobs have thought about this at some point between March 2020 and now, and many of them came to the conclusion that whatever they […]
Deloitte & Touche LLP partners and staffers failed to make financial disclosures required to ensure the independence of their audit work, according to new details from the firm’s 2018 PCAOB inspection. [Bloomberg Tax] Britain’s accounting watchdog said on Monday it will monitor whether auditors were making spot checks on their compliance with environmental, social and […]
Ed. note: an earlier version of this article used male pronouns based on the information available at the time. We have been informed the associate was female, confirmed this information with the NYPD, and have updated pronouns in this article. We have also removed a link to a dubious outside source. I debated even posting […]
Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [Financial Times] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month. Under German law, Apas can only probe and sanction […]
The anti-WFH, pro-RTO propaganda has chilled out a bit in recent months as boomer and boomer-adjacent Gen X CEOs wait out the next big recession but even those pinstriped menaces in the C-suite who think all remote work is the domain of the lazy can appreciate this info we are about to share with you. […]
I was cleaning out pics on my phone and was reminded of something I saw on Reddit a few weeks back: a screenshot of someone’s many, many, MANY CPA exam attempts over twelve years. Most people would have given up around the tenth attempt but this person persisted. And persisted. And persisted. So if you […]
EY has been tightening the purse strings over the past several months ahead of the big Project Everest split, the vote on which remains delayed and should happen before the end of this quarter. The firm did not hand out mid-year bonuses in December and sources say that travel, training, and even hiring are on […]
