September 26, 2021

Firm Watch

There Will Be a New Boss at Moss Adams Next Year

A day after Grant Thornton announced its next occupant of the corner office, Moss Adams sent out a release on Sept. 16 saying who its next corner office dweller will be. The new boss of Moss starting next April is Eric Miles, a partner who currently leads the firm’s consulting practice and has spent his […]

Promotion Watch ’21: Marcum Adds 29 New Chairs to the Big Kids Table

Big news from the Marcum camp today, as 17 men and 12 women will now be able to hitch a ride on the special partners-only bus. According to a media release, this year’s new partner class is the largest and most diverse class in Marcum’s history. The firm admitted 20 to the partnership in 2020. […]

Number of the Day: 73%

Deloitte US made national headlines last Tuesday when CEO Joe Ucuzoglu told employees in an email that the firm “will require PPMDs and professionals to be vaccinated [against COVID-19] to access US Deloitte facilities,” effective Oct. 11, which led Adrienne to speculate that the other Big 4 firms will eventually fall in line behind Deloitte […]

Which Firm Was the Biggest Loser In the Second Auditor Shuffle of 2021?

The auditor round-and-round continued in the second quarter of 2021, with everyone’s favorite public accounting firm with a Lettuce Entertain You restaurant sounding name, BF Borgers, netting nine new SEC clients, the most of any audit firm, according to the Q2 auditor changes roundup from Audit Analytics. And as Accounting Today noted in its post […]

CliftonLarsonAllen Is Ranked No. 1 In Something

And that something has to do with … construction. For the third consecutive year, CLA has been named the top construction accounting firm by Construction Executive. It’s an honor to be recognized, & it speaks to our ability to help owners & managers address industry challenges & plan for financial success https://t.co/rE1m1zVntL pic.twitter.com/D1RhjZzyPX — CLA […]

Promotion Watch ’21: Plante Moran Admits 24 New Partners

Thirteen men and 11 women have earned their seats at the big kids table at Plante Moran. This class of newly minted partners is one less than last year’s 25, which may or may not have been a record amount. The new partners for 2021 are: Jaime Eckels, Auburn Hills, MI Dori Eggett, Denver Valerie […]

Number of the Day: $860,668

Things that are recession-proof during a global pandemic: Amazon Costco Netflix Alcohol Public accounting firms According to INSIDE Public Accounting, top-line growth for the top 100 public accounting firms this past year was 8.3%, which seemed like a pipe dream in March and April 2020 as the Rona was starting to rage in the U.S. […]

Listicle of the Day: INSIDE Public Accounting’s Top 400 Firms For 2021 (UPDATE)

[Updated original post from July 26 to reflect BDO USA taking over sixth place in revenue from Grant Thornton.] INSIDE Public Accounting just came out with its ranking of the top 400 firms in the U.S. based on revenue, and there’s two big changes in the top 10. The most notable change is BDO USA […]

Grant Thornton and BKD Have Better CEOs Than the Ones At Big 4 Firms, According to Glassdoor

Here’s a quick recap of where public accounting firm CEOs were ranked in Glassdoor’s 100 top CEOs in 2021, based on anonymous employee reviews and feedback: 47. Brad Preber, Grant Thornton, 94% approval rating 61. Ted Dickman, BKD, 93% approval rating 67. Tim Ryan, PwC, 93% approval rating 99. Paul Knopp, KPMG, 90% approval rating […]

Promotion Watch ’21: Wipfli Adds 19 New Partners and Principals

The other night I was watching the WGN Evening News when Wipfli partner Geoff Harlow came on to talk about the Extended Child Tax Credit. You can see his guest appearance below if you’re so inclined: But Harlow’s appearance helped me remember something else: I had the names of the newest class of do-gooders who […]

Promotion Watch ’21: Eide Bailly Gave 22 Lucky Boys and Girls Their New Partner Stickers

The new partner train keeps chuggin’ along. It stopped at Eide Bailly on May 1, when 14 men and eight women were given their keys to the partnership. This year’s class is a bit smaller than last year’s deification of 26 individuals to partner. The members of the class of 2021 at Eide Bailly are: […]

The Fortune 100 Best Companies to Work For: Plante Moran #91 (2021)

[Updated on June 11 with information about employee raises.] Plante Moran is the darling of the F100BCTWF, having made the list for the 23rd time; however, PM is dangerously close to dropping out of the top 100, falling from No. 21 last year to No. 91 this year. Despite the huge drop in the rankings, […]

Promotion Watch ’21: Baker Tilly Admits 24 New Partners

The Chicago-based public accounting firm with a guitar pick for a logo handed out 24 new memberships to the partner club on June 1, one more than last year. The 15 men and nine women in the Baker Tilly new partner class of 2021 are: Paul Bishop, CPA, Tax – Manufacturing and Distribution, Madison, WI […]

Promotion Watch ’21: BKD Adds 18 New Partners

TPTB at BKD have released the names of the firm’s newest class of partners who will officially be welcomed to the club on June 1. The 15 men and three women who will receive gift bags from Ben and Kate next week are: Jim Ashley, Springfield Brian Beiser, Denver Rick Carrier Jr., Evansville Meagan Clark, […]

It Doesn’t Take Much to Keep Moss Adams Interns Happy

All it takes, apparently, is to keep them hydrated.

Which Firm Was the Biggest Loser In the First Auditor Shuffle of 2021?

[Updated with corrected version of net audit fees won table from Audit Analytics.] With the first quarter of 2021 already in the books, it’s time once again to look at the winners and losers among the top 12 global and national accounting firms that participated in the first round of auditor musical chairs for 2021. […]

Mazars USA Is Giving Its Employees an Incentive to Get a Sunburn

By now you’ve heard or read about the $250 bonus PwC is paying to employees each time they take a full week’s vacation for the next year. Now Mazars USA is throwing its hat into the “pay your employees to go away” ring. Mazars sent an email to employees late last month explaining its new […]

Which Firm Had the Most IPO Audit Clients In Q1 2021?

The SPAC bubble didn’t burst during the first quarter of 2021. Of the 407(!) initial public offerings in U.S. markets between Jan. 1 and March 31, 298 (73.2%) involved blank check or special-purpose acquisition companies, according to a new analysis from Audit Analytics. In total, the 407 IPOs raised nearly $134.7 billion—an increase of more […]

Vault Accounting 50: No. 1 Firms In Quality of Life, Diversity, and Practice Area

Let’s put a bow on our coverage of the 2022 Vault Accounting 50 by listing the best of the best public accounting firms in 19 quality of life categories, diversity initiatives, and in three practice areas. The winners, according to Vault, are: Benefits: Schellman & Co. Business Outlook: Schellman & Co. Client Interaction: Plante Moran Compensation: Schellman […]

Mazars’ FY 2020 Global Revenue Wasn’t As Bland As Its New Logo

Last October Mazars made a huge deal about its new brand identity, including a revamped logo that we thought was as bland as paste. Maybe the firm could have added a little orange to it, ya know, in honor of its most famous client in the U.S. Whatever. It is what it is. But while […]

The Big 4 Could Use Some Auditing Lessons From Cohen & Co.

If Cleveland-based public accounting firm Cohen & Co. were an English Premier League goalkeeper, the firm would have gotten a clean sheet. Or if you’re not a fan of European soccer but like the NHL, Cohen & Co. would be like a goalie who finished the game with a shutout. In its 2019 PCAOB inspection […]

Here Are Two Contenders For the Biggest Turd of a 2019 PCAOB Inspection Report

Significantly screwing up half of your audits inspected by the PCAOB won’t get your firm included in the pantheon of worst PCAOB inspection reports of all time. RSM US beat that handily in 2017. BDO USA has had audit failure rates of 74% (2014), 67% (2016), and 65% (2013). Grant Thornton did a horrible job […]

Marcum Is Having a Bad Day on Social Media Thanks to a Rogue Senior Who Just Learned the F Word

Hey would you look at that, got some fresh drama to report. Just the thing to get this Monday officially started eh? A tipster informs us that drama is afoot over at Marcum LLP thanks to one naughty senior who tweeted some strong words to former Deputy Assistant to the President Sebastian Gorka. We aren’t […]

Which Firm Was the Biggest Loser In the Last Auditor Shuffle of 2020?

The fourth quarter of 2020 had some new winners and losers in the game of auditor musical chairs, as there were 16 new engagements and 41 client departures among the 12 major global and national audit firms between Oct. 1 and Dec. 31, according to Audit Analytics. Of the top 12 firms, Deloitte gained the […]

Which Firm Had the Most IPO Audit Clients In Q4 2020?

Audit Analytics has released its analysis of a very lucrative fourth quarter of 2020 for initial public offerings in the U.S. Including blank check companies, also called special-purpose acquisition companies, there were 210 IPOs between Oct. 1 and Dec. 31, 2020, which raised more than $65 billion. Compared to the third quarter, total proceeds in […]

Promotion Watch ’21: Armanino Gives Keys to the Partnership to 14 Lucky Boys and Girls

Jan. 1 was an extra-special day for eight men and six women at Armanino. Not only did they get to add “Partner” to their LinkedIn profiles, but they were a part of the largest new partner class in the firm’s history. Here are the newest partners who now get to spend more time sitting in […]

Promotion Watch ’21: Carr, Riggs & Ingram Adds 31 New Partners

From 2015 to 2020, the average size of new partner classes at Carr, Riggs & Ingram was 17. So I did a double-take when I saw the recent press release from CRI in my spam folder (my work email always thinks CRI press releases are spam for some reason) that the firm just added a […]

Grant Thornton Cuts Ties With Pornhub After Everyone Realizes Pornhub Is Full of Abuse and Illegal Porn

So I was gaming with the boys the other day and my buddy asked the squad if we’d seen the stuff about Pornhub. What stuff about Pornhub, you ask? I have to admit that Pornhub isn’t among my multitude of Google alerts (PwC? Yes. Porn? Not so much), therefore as with many things my teammate […]

Armanino Employees Were Made Whole For the Holidays

According to a tipster, here’s the latest news regarding employees getting their money back at Armanino, the 21st largest CPA firm in the whole damn nation: Back in April, everyone took a 10% pay cut as a result of COVID. Yesterday [Dec. 17], our CEO Matt Armanino announced during our fourth quarter webcast that the […]

Promotion Watch ’20: Crowe Names 104 New Partners and Principals

Whoa, wasn’t expecting this large a class of new Crowe partners and principals who finally get to sit at the adults’ table beginning on April 1, 2021. But I guess the firm is trying to impress the folks at Fortune by making a slew of promotions so it can stay in the 100 Best Companies to […]

Promotion Watch ’20: CohnReznick Has Three New Partners and Three New Principals In the Pipeline For Next Year

Feb. 1 is the day when new partners are deified at CohnReznick, and we already know about three, as well as three who have moved up the ranks to principal, who will be fed grapes by CEO David Kessler and fanned with giant leaves by COO Phil Mandel on the first day of February 2021. […]

Marcum’s Reopening of Offices Didn’t Even Last Two Months Before Everyone Was Sent Back Home to Work

Back in late September, we mocked celebrated the leadership of Marcum CEO Jeffrey Weiner who, pandemic be damned, told his troops that he wanted heinies in all seats at Marcum offices across the land on Oct. 1—even in New Haven, CT, where employees found out on Sept. 30 that one of their colleagues had tested […]

Listicle of the Day: Top Accounting Firms For Executive Women In 2020

These six public accounting firms can add “Working Mother Top Company for Executive Women 2020+ Winner” to the awards and recognitions portions of their websites and on their recruiting materials and other propaganda they hand out on college campuses: BDO USA U.S. employees: 7,693 % Female employees: 46% % Female corporate executives: 21% Deloitte U.S. […]

Promotion Watch ’20: Citrin Cooperman Adds 16 New Partners and Principals

All that sleep deprivation and those 15 extra pounds were worth it for the 14 new partners, two new principals, and 18 new directors at Citrin Cooperman. These 12 men and four women comprise the 2020 new partner and principal class at CC: Jeffery Alvanas, Partner, Boston-Metro Matthew Bart, Partner, DC-Metro Douglas Cammarano, Partner, New […]

Marcum Reminds Employees That Client Deadline Work Won’t Get Done By Itself During the Holidays and Pandemic

Happy Thanksgiving week! Because Adrienne and I are going to be taking some much-needed time off later this week (and hopefully you guys are too), our posting schedule is going to be a little lighter than normal. But do you know whose workload isn’t going to be lighter than usual this week and in the […]

Arthur Andersen & Co.

Promotion Watch ’20: Andersen Adds 14 New Managing Directors

This year’s class of new managing directors at Andersen is slightly bigger than the baker’s dozen added in 2019. So congrats to the eight women and six men (two of whom are Arthur Andersen alums) who are the newest apples of Mark Vorsatz’s eye: Chelsea Baron, Private Client Services practice, Metro New York Laura Berard, […]

CohnReznick Employees Were Made Whole Once Again

Got this tip earlier today: FYI, CohnReznick ended the temp pay cut and paid back the reduced wages. While we appreciate the update, the tipster was a little skimpy on the details. Back in early May, we reported that CohnReznick was cutting employee pay on a sliding scale as part of its pandemic uncertainty measures: […]

Moss Adams Poaches Someone From EY and Issues a Press Release, Parts I and II

Moss Adams went to the EY well to get two of its newest partners: Jeremy Kuhlmann and Syed Rizvi. Kuhlmann recently joined MA’s life sciences practice in Seattle: He has practiced public accounting since 2004, primarily serving life science, technology and advanced manufacturing companies. Kuhlmann has extensive experience with complex accounting and financial reporting matters, […]

It Seems Andersen Employees Are Getting Back the Money That Was Taken Away From Them (UPDATE)

[Updated on Oct. 28 with additional information.] A tipster provided us this week with a post-busy season update about the goings-on at Andersen, and it seems like good news all around: All offices and laptops were closed on 10/16 and 10/19 to give employees 4 days of uninterrupted time off. Then the following announcements were […]

Which Firm Had the Most IPO Audit Clients In Q3 2020?

There was an explosion of initial public offerings in the U.S. in the third quarter, with 165 companies going public between July 1 and Sept. 30, raising more than $61.5 billion—by far the most active quarter in 2020 and the most active Q3 in the past five years, according to our friends at Audit Analytics. […]

What Do You Guys Think of Mazars’ New Logo and Rebranding?

It’s been a while since a top 25ish accounting firm in the U.S. has rolled out a new logo and rebranding. Baker Tilly is the last one that I recall when it ditched the bird logo in late 2018 and went to a lowercase font for its name with a logo that’s in the shape […]

Tracker: These Accounting Firms Have Either Cut Jobs or Pay (or Both) During the COVID-19 Crisis

[Updated on Oct. 19 with information about BDO USA.] In case you haven’t noticed, there have been a lot of salary reductions and jobs lost throughout public accounting over the past couple weeks as a result of the coronavirus pandemic. And it sucks. So we’ve started compiling a list of firms that have resorted to […]

Marcum Has Positive COVID Case, Still Expects Employees to Come to the Office Bright and Early on Oct. 1

[Updated with additional information.] As I am writing this, it is 12:30 a.m. ET on Oct. 1. Happy first day of October, everyone. And happy return-to-the-office day for all of you Marcum capital market servants. Especially to the employees who work at the firm’s office in New Haven, CT. These poor folks still gotta come […]

Comp Watch ’20: Here’s What We’re Hearing About Raises at Crowe

From the mailbag: Crowe raises are occurring and effective 10/1. Wide range as low as 2% to as high as 15%. Promotion raises lower than typical 12%. No back pay or bonuses for missed time since April cuts. No 401k match. So when we reported back in April about the hundreds of job cuts at […]

Moss Adams Employees Get to Ditch Their Spreadsheets For the Holidays

Welp, it’s been another depressing day covering the world of public accounting. About 1,400 people lost their jobs at KPMG on Tuesday, and since the pandemic started, thousands of other Big 4 employees in the U.S. have been let go from Deloitte, EY, and PwC. Another firm that put its employees through the ringer a […]

CliftonLarsonAllen’s Leadership Pays Up

We heard some good news late on Friday for those serving the capital markets at CliftonLarsonAllen. From the tipline: Lost wages are planned to be paid back to all employees therefore making all employees whole for 2020. This will happen as of Oct. 19, our tipster added. It’s been an interesting six months for CLA […]

Marcum CEO Wants to See Those Cube Farms Filled on Oct. 1 (UPDATE)

[Updated on Sept. 23 with additional information.] Thanks to two sources, here’s the email Marcum CEO, Chairman, and Going Concern bestie Jeffrey Weiner sent to employees on Sept. 14 about expectations for returning to the office: Stay-at-home orders were put into effect in March as a response to the COVID-19 pandemic. Most businesses and schools […]

Promotion Watch ’20: Dixon Hughes Goodman Anointed 8 New Partners and Principals

TPTB at DHG announced last week the top 20 firm’s newest class of six partners and two principals. The class of 2020 is a bit larger than the seven who earned their stripes last year but smaller than the 13 new partners and principals in 2018, 11 in 2017, nine in 2016, 16 in 2015, and 12 in […]

Comp Watch ’20: Plante Moran Is Not Giving Out Raises—And Some People Are Not Pleased (UPDATE)

[Updated on Sept. 10 with additional information.] Back in late June, we were told that Plante Moran employees wouldn’t be getting raises this year, that the firm was only paying out bonuses at 75%, and that there wouldn’t be a 401(k) match, presumably due to the COVID-19 crisis. Well, we got an update this week […]

Promotion Watch ’20: Marcum Admits 20 to Partnership

Marcum Chairman and CEO (and Going Concern’s biggest fan, so we’re told) Jeffrey Weiner deified 20 new partners on Sept. 1. The class of 2020 is larger than last year’s class by four partners, so some obnoxious little virus wasn’t going to stop Weiner & Co. from handing out more golden tickets this year. Here […]

Promotion Watch ’20: Plante Moran Admits 25 New Partners

A batch of 25 new Plante Moran partners has been released into the wild, and I’ll go out on a limb and say it’s thee biggest class of new partners in the firm’s history. It’s definitely the largest class since 2015: 2020: 25 2019: 16 2018: 15 2017: 21 2016: 13 2015: 16 Here are […]

Mazars U.K. Probably Thinks It Is Better At Auditing Than You

Of the six U.K. firms whose 2019-20 Financial Reporting Council audit quality inspection reports we’ve reviewed over the past couple weeks, none of them got at least 80% of their audits done right. If these were high school test scores, Deloitte would get a C+, PwC a D+, EY a C-, KPMG a D-, BDO […]

Listicle of the Day: No Major Shake-Ups In 2020 INSIDE Public Accounting Top 100 Firms

INSIDE Public Accounting just came out with its annual ranking of the top 100 (plus 101-400) accounting firms in the U.S. based on net revenues, and the largest firms are right where they were last year. No, PwC didn’t leapfrog Deloitte for the top spot. Yes, KPMG is still fourth. And no, BDO USA didn’t […]

Firm That Calls Itself the ‘Construction CPAs’ Did Not Make the List of the Top 50 Construction Accounting Firms

Up until last year, there hadn’t been an actual ranking of the best independent construction accounting firms. But trade magazine Construction Executive is into that sort of thing, I guess. For its latest report, which of course has a pandemic-related theme, Construction Executive used an algorithm that weighed seven factors in descending order of importance […]

CliftonLarsonAllen Is Finally Officially Done with Employee Pay Cuts

Thanks to the four denizens of CliftonLarsonAllen who were eager to tell us today and over the weekend that the firm restored employees’ full pay to pre-Rona levels on Aug. 1. CLA was one of the first top 10 firms to come out of the gate announcing employee pay cuts due to the uncertainty caused […]

Moss Adams Is Giving Employees Back the Pay They Lost During the Pandemic

The last time we wrote about the latest happenings at Moss Adams, which was June 26, the firm was laying off 103 of the 370 employees who had been furloughed for 90 days starting in April. But we have some good news to share today from MA. In a message to employees on Thursday, CEO […]

Mazars Poaches Someone From KPMG and Issues a Press Release, Parts II and III

Those swashbucklers at Mazars are at it again, this time raiding KPMG U.K. for new partners in tax and transaction services in Manchester, England. According to media releases seen by Consultancy.uk, Steven Abbott recently joined Mazars after spending his entire 23-year career at the HofK in Manchester, where he progressed up the ranks from corporate […]

Layoff Watch ’20: Dixon Hughes Goodman Is Letting Go of 125 Mostly Furloughed Employees (UPDATE)

[Updated on July 23 with additional information.] Another day, another round of layoffs at a top accounting firm in the U.S. This time it’s No. 17 in your scorecard, Dixon Hughes Goodman, which announced on Wednesday that it’s letting go of 125 employees, nearly all of whom were furloughed by the firm on May 1, […]

Promotion Watch ’20: Withum Adds Six to Partnership

Because we’ve been talking a lot about promotions today, we wanted to give a shout-out to the five men and one woman who got their keys to the Withum partners’ lounge on July 1: The new partners are (from left to right): Scott Bartolf, Theater, Entertainment and the Arts, New York James Berg, Manufacturing, Distribution […]

Mazars USA Poaches Someone From PwC and Issues a Press Release, Part I

Our favorite public accounting bandits Mazars USA is at it again, this time raiding PwC for someone to lead its first office in Texas—a new 4,000-square-foot cube farm in Dallas. Brad Leffler will lead the office and has 23 years of experience serving companies in a wide range of industries including retail and consumer products, […]

Layoff Watch ’20: Many Furloughed Moss Adams Employees Are Not Getting Their Jobs Back

[Updated on June 26 with additional information.] A source at Moss Adams told me that, according to a video message from CEO Chris Schmidt today, 103 of the 370 furloughed employees were let go on Thursday. [Updated on June 25 with additional comments.] Another sucky day in public accounting during this pandemic. We’ve been told […]

Carr, Riggs & Ingram Is Giving Employees Their Full Pay Back … Soon

Here’s the latest coming out of top 20ish accounting firm Carr, Riggs & Ingram, according to a couple of tips we got on Thursday night. Carr, Riggs & Ingram restoring income partner and staff pay a month early – Aug 31. And … Managing Partner sent out a firm wide email today. They plan to […]

Moss Adams Decides Its Employees Have Suffered Enough, Ends Pay Cuts Two Months Early

Some good news out of Seattle, as Moss Adams is ending employee salary cuts earlier than expected—the second top 12 U.S. accounting firm to do so this month. Back on Good Friday, Moss Adams announced some pretty drastic cost-cutting measures because of the COVID-19 pandemic, including: Employee pay cuts ranging from 5% to 20%. 20% […]

Promotion Watch ’20: Wipfli Adds Nine to the Partnership, Three New Principals

April was a rough month for the public accounting profession as a whole in the U.S. Because of the economic uncertainty caused by the Rona, a whole slew of PA firms pushed the go button on austerity measures, such as layoffs, furloughs, and pay cuts. And Milwaukee-based Wipfli was no exception. But we won’t get […]

CliftonLarsonAllen Is Giving Employees Shorter Duration of Pay Cuts, Consolation Bluetooth Speakers (UPDATE)

[Updated on June 9 with additional information.] We’ve got an update on what’s happening over at C to the L to the A. About a week or so ago a Redditor posted that CliftonLarsonAllen said it was cutting the duration of employee pay cuts by two months, ending now on Oct. 31 instead of Dec. […]

Promotion Watch ’20: Baker Tilly Admits 23 New Partners

Baker Tilly CEO Alan Whitman let 19 men and four women join the club on June 1: Mark Boettcher, Consulting, Milwaukee Jeff Dorner, Assurance, Chicago Matt Eckerle, Consulting, Indianapolis Daniel Ehr, Tax, Appleton, WI Shane Elrod, Tax, Plano, TX Russell Fleming, Assurance, Minneapolis Wesley Fraser, Tax, Wilmington, DE Matt Gilbert, Consulting, Washington, DC Nicholas Hinz, […]

Promotion Watch ’20: BKD Admits 21 to Partnership

After years of long hours, sleepless nights, and raging anxiety, these 14 men and seven women have finally reached the end of the partner track at BKD. And CEO Ted Dickman was bursting with pride or something: “I have no doubt that these remarkable trusted advisors will continue leveraging the firm’s momentum to help drive […]

Pay Cut Watch ’20: Marks Paneth Partners Bearing the Brunt of the Burden

Let’s hear it for the partners at Marks Paneth, who we were told are taking it on the chin so there won’t be any pandemic-related staff layoffs at the top 40 accounting firm. Apparently Managing Partner Harry Moehringer recently summarized for staff some of the pruning of costs that the firm is undertaking. According to […]

Promotion Watch ’20: Eide Bailly Adds 26 New Partners

That new partner smell is permeating the air in 17 Eide Bailly offices throughout the U.S., as 16 men and 10 women finally got seats at the big kids’ table on May 1. Cameron Zent, Aberdeen, SD Dennen Gamradt, Billings, MT Edie Hanson, Billings, MT Laura Hartwig, Boise, ID Amy Lai, Denver Dave Studebaker, Denver […]

Pay Cut Watch ’20: Here’s What We Know About the Salary Reductions and Other Stuff at CohnReznick

Just the other day Adrienne and I were chatting on Slack about which public accounting firms among the top 15 or so in the U.S. have we not heard a peep about in regards to job cuts, pay cuts, or furloughs. One firm brought up was Plante Moran. The other was CohnReznick. Interesting timing because […]

Pay Cut Watch ’20: Cherry Bekaert Is Slashing Salaries Between 5% and 15%

[Updated with additional information.] Cherry Bekaert is the latest midtier public accounting firm to tighten its belt during these crazy and uncertain economic times caused by the coronavirus pandemic. We were told that Managing Partner and CEO Michelle Thompson outlined staff pay cuts in an email this morning. The pay cuts will last through July. […]

Marcum Not Yet Ready to Pull the Trigger On Mass Layoffs

While some accounting firms in its weight class, like Crowe, Baker Tilly, EisnerAmper, and Wipfli, have laid off somewhere between 3% and 10% of their staffs due to the economic fallout caused by the COVID-19 crisis, Marcum hasn’t resorted to those measures. Yet. During a town hall meeting earlier this afternoon, Marcum CEO Jeffrey Weiner […]

BKD Poaches Someone From KPMG and Issues a Press Release, Part I

Before BKD CPAs & Advisors did a little housecleaning a week or so ago, the firm hired a guy from KPMG to be its newest director in the International Tax Services division. Josh Zellerman was a four-year vet of the Radio Station before jumping to the St. Louis office of BKD earlier this month. He […]

Layoff Watch ’20: Did This Top 50 Accounting Firm Tell a Bunch of People Their Services Were No Longer Needed?

You might be wondering why I used a photo of Leo to go with an article about an accounting firm that has possibly joined the layoff club. Well he’s the only clue I could think of to give to see if anyone could help us confirm a tip we received about some people at this […]

Layoff Watch ’20: Job Cuts Have Begun at Wipfli, Staff Pay Cuts Are ‘Last Resort’

Unfortunately here’s another top 20 accounting firm that we’ll be adding to our tracker of layoffs and pay cuts in public accounting during the coronavirus pandemic. Wipfli Managing Partner Kurt Gresens announced earlier today that the firm is cutting staff headcount by 5%, according to two sources. One source told us: Some have already been […]

(CONFIRMED) Layoff Watch ’20: Is One the Loneliest Number At This Top 15 Accounting Firm?

[Updated with additional information about job cuts at BKD CPAs & Advisors.] So since we posted this article on Thursday afternoon, we’ve received a lot of information about what’s been happening at BKD CPAs & Advisors, the 13th largest U.S. accounting firm in INSIDE Public Accounting’s 2019 ranking. Yes, some people have been let go, […]

Vault 2021 Rankings: These Accounting Firms Supposedly Care the Most About Diversity

One of the more interesting categories under the “Best Accounting Firms to Work For” portion of Vault’s accounting rankings each year is diversity. Pretty much all large-to-midsize accounting firms these days tout their diversity initiatives. But which firms actually walk the talk? Knocking KPMG out of the No. 1 spot in Vault’s 2021 overall diversity […]

Layoff Watch ’20: EisnerAmper Gave 44 People Some Bad News Today

[Updated with additional information.] We just got word that during a presentation this morning, EisnerAmper CEO Charles Weinstein announced that there have been layoffs at the top 20 accounting firm, according to two sources. According to one source, 44 employees were laid off today and those people did receive a severance package (unknown terms) and […]

Vault 2021 Rankings: Plante Moran Has Got a Hang of This Work/Life Balance Thing

As part of its annual Accounting 50 extravaganza, Vault comes out with rankings of accounting firms in 18 quality-of-life categories that fall under its “Best Accounting Firms to Work For” section. One of those categories is work/life balance. Based on the results of a survey sent to more than 10,000 accounting professionals, there are 25 […]

Furlough Watch ’20: RubinBrown Is Giving Some Folks a 90-Day Unpaid Vacation

St. Louis-based RubinBrown, the firm occupying the No. 43 spot in INSIDE Public Accounting’s 2019 ranking and the No. 41 spot in the 2021 Vault Accounting 50, will be furloughing 51 people this week for 90 days, according to a source. We were told that the firm’s chairman, John Herber Jr., made the announcement in […]

(CONFIRMED) Layoff Watch ’20: Did This Top 35 Accounting Firm Just Lay Off a Bunch of People Too?

[Updated with additional information about the layoffs at Weaver.] The other night while I was trying to get some more information about the layoffs at Crowe and Baker Tilly, we got a tip saying that another top accounting firm had just laid off 60 employees. I hadn’t seen these layoffs discussed on Reddit or Fishbowl, […]

Layoff Watch ’20: How Bad Were the Job Cuts at Crowe and Baker Tilly?

[Updated with additional information.] In the past 48 hours, we’ve learned that hundreds of people were laid off at Crowe this week and many others were let go at Baker Tilly. Here’s what we’ve been able to piece together about the layoffs at both firms based on tips that have come in to GC: Crowe […]

Pay Cut Watch ’20: Dixon Hughes Goodman Is Furloughing Some, Reducing Salaries For All

So, some stuff went down at Dixon Hughes Goodman today. No layoffs, according to a source, so that’s the good news. The bad news is there are DHGers who are being furloughed, plus everybody’s getting a pay cut. Here’s what we know right now: 1. Furloughs: According to our source, 17% of DHG’s workforce is […]

Let’s Enjoy a New Batch of Disgruntled 1-Star Reviews From Employees of Firms on the Vault Accounting 50 (2021)

On Vault Accounting 50 Day, Caleb used to delight in going through all the one-star employee reviews on Vault and highlighting some of the most cringeworthy, sad, and negative written about accounting firms. If you don’t know what I’m talking about, you can click here and here. In my article on the 2020 Vault Accounting […]

Layoff Watch ’20: It Was a Manic Monday at Whitley Penn

We had a bad feeling more public accounting firms would be laying people off this week due to the current economic situation caused by COVID-19. We really hoped that wouldn’t be the case. But it happened. Today. This morning we learned via Reddit that Whitley Penn, which has six offices in Texas, was the latest […]

Pay Cut Watch ’20: It’s Not Good Friday at Moss Adams

Normally we start these posts with “and the hits keep coming” or some such thing but we’re rapidly running out of sassy intros so let’s just cut the crap and get straight to the news. We’re hearing from multiple sources this afternoon that Moss Adams has joined the ranks of accounting firms instituting pay cuts […]

(CONFIRMED) Rumor Mill: It May Have Been a Black Tuesday At Two Top 40 Accounting Firms

[Updated with additional information.] We got a couple of tips late on Tuesday night about layoffs and pay cuts that occurred at two more accounting firms earlier this week: one is a global accounting firm with U.S. headquarters in New York City, and the second is a prominent firm in the Southeast. Because the tipsters […]

Here’s What We Know About PwC’s Summer Internship Situation

Last week we learned that PwC was taking its summer internships digital, much to the chagrin of at least one guy who wrote us and called it a “big cost cutting measure that none of us are happy about.” He sent us a screenshot of the email he got from his future employer, but since […]

Arthur Andersen & Co.

Pay Cut Watch: Did Andersen Lay the Smack Down On Its Employees?

[Updated with additional information.] According to a post on Reddit on Tuesday, Andersen is another firm that seems to be squeezing its employees to work the same amount (or maybe more) for less money during the COVID-19 crisis … and even after the virus is defeated: Cutting pay ranging from 5-14% from anyone getting paid […]

Layoff Watch ’20: It Has Been a Terrible Tuesday For Some Folks at Armanino

[Updated with additional information.] Ugh, the hits just keep on coming. We received two tips on Tuesday morning about layoffs going down at Armanino, specifically in Los Angeles and Dallas. But another source told us on Wednesday that the firm’s newest offices in Seattle and Irvine, CA, were hit the hardest; however, we don’t know […]

Pay Cut Watch: Apparently Everyone Is Feeling the Pain at Carr, Riggs & Ingram

[Updated with additional information.] Two sources have confirmed this evening what was posted on Fishbowl and Reddit earlier today, that Carr, Riggs & Ingram doled out pay cuts across the board that will reportedly last through the end of the firm’s fiscal year. According to a source, staff pay will be cut by 10%, income […]

Layoff Watch ’20: Berdon Let Go of 15 People, Postpones Partner Distributions

Another top 50 accounting firm based in New York City has laid off employees during the COVID-19 crisis. We got a tip on April 3 that there was a number of staff layoffs at Berdon LLP and the third-party outsourcing group based in India had also been let go. But our source didn’t know the […]

CliftonLarsonAllen Is Cutting Staff Pay By 10%, No Layoffs Planned

[Updated with additional information.] During the afternoon on Friday, someone posted on Reddit that CliftonLarsonAllen had announced earlier in the day 10% pay cuts to all employees. Checks out. Here’s what came through the tipline late Friday afternoon: CLA announced this morning in a firm-wide webcast that they will be reducing all compensation by 10% […]

[UPDATED] Layoff Watch ’20: Some People at Prager Metis Had the Worst Monday Ever

While my layoff news certainly can’t beat that of my colleague who shared late yesterday that it’s a bloodbath up at KPMG Canada, I’ve got something a little closer to home as Layoff Watch ’20 rages on. A tipster informed us that Prager Metis staff found out Monday that some were out of a job, […]

Layoff Watch ’20: Friedman Cut a Bunch of People Loose

[Updated with additional information.] Remember that article we posted last week about layoffs? You know, the one about that recent Fishbowl survey that revealed 41% of accountants believe job cuts will happen at their firm because of the COVID-19 pandemic? Unfortunately that became a reality on March 26 for more than 50 people who worked […]

EisnerAmper Poaches Someone From KPMG and Issues a Press Release, Part I

News of new hires in public accounting has pretty much dried up since the COVID-19 outbreak in the U.S. led to many firms turning off the lights and going into work-from-home mode for the foreseeable future. Earlier this week we posted about KPMG recently hiring 10 senior tax professionals, including three from EY and two […]

Tracker: These Public Accounting Firms Are In Mandatory Work-From-Home Mode

Did you ever think you’d see the day that something would cause some of the largest public accounting firms in the nation to temporarily close their offices and force everyone to work from home? I didn’t, but thanks to the COVID-19 pandemic, here we are. Based on tips we’ve received, as well as scanning Twitter […]

Marcum Temporarily Going to 40-Hour Workweek, Except For You New York City Folks Who Are Not In Tax

If you need another example of why public accounting firms get a bad rap for being more concerned about dollar signs and clients than their employees, that they’d rather their capital market servants be billable than healthy—both physically and mentally—look no further than this email sent to Marcum’s New York City employees on March 19 […]

Marcum Is Finally Taking This COVID-19 Thing Seriously (At Least For This Week)

You can add Marcum to the ever-growing list of accounting firms that are temporarily going all remote because of the coronavirus pandemic in the U.S. But of course not until tomorrow; there’s a tax deadline to wrap up first. A tipster sent us the email Marcum Chairman and CEO Jeffrey Weiner sent to his capital […]

CohnReznick Poaches Someone From PwC and Issues a Press Release, Part I

Another week, another non-Big 4 firm letting the media know that it just hired someone from the Big 4. This time, CohnReznick was the poacher, and once again, PwC was the poachee: CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today [March 3] announced that Michael Staub has joined […]