October 30, 2020

Firm Watch

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 […]

The Seattle Armanino Office Is Getting Creative With Their Recruiting Efforts

According to this r/accounting post, OP recently passed the CPA exam and their colleagues decorated the office to celebrate. It seems the cunning folks at the Armanino office across the way spotted the decorations and went in for the kill. To quote a commenter in the thread, “Fuckin recruiters these days man.” For those of […]

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

Being raked through the coals for the last 48-plus hours on Reddit after an ex-PwC auditor in New York posted that their ass was grabbed at a 2017 holiday party by a colleague who was later promoted, even after an internal firm investigation into the alleged victim’s sexual harassment claim found the ass grabber was […]

The Fortune 100 Best Companies to Work For: Crowe #81 (2020)

Wrapping up our overview of the 2020 Fortune 100 Best Companies to Work For list is Crowe. While Plante Moran and the Big 4 have been on the list for 15-plus or 20-plus consecutive years, Crowe is a relative newbie, as this is the third straight year it has made the F100BCTWF. For the third […]

Arthur Andersen & Co.

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

Oh look, Andersen hired someone from a Big 4 firm who didn’t work for Arthur Andersen earlier in their career, unlike this guy. Andersen welcomes Edward Schulte as a Managing Director in the San Francisco office as part of the Alternative Investment Funds (AIF) practice. Edward has 18 years of experience in public accounting and specializes in […]

Promotion Watch ’20: CohnReznick Adds a Dozen New Partners

The love child of J.H. Cohn and Reznick Group celebrated its recently anointed partner class for 2020 earlier this month. But it’s nowhere near the size of last year’s class of 23 new partners. Maybe CohnReznick only added 12 people to the partnership this year so there wouldn’t be as many partners for Mazars USA […]

Gray, Gray & Gray Poaches Someone From EY and Issues a Press Release, Part I

Bryan Pearce spent 38 years at EY. That’s an eternity in public accounting, let alone a 38-year career with only one firm in public accounting. Think about it: Ronald freakin’ Reagan was in the Oval Office when Pearce joined the Black and Yellow. During his time with EY, Pearce was most well-known for being the […]

Hiring Watch ’20: Accounting Firms Rolling Out the Welcome Mat In Charlotte

Just wanted to give those of you in the Charlotte, NC area a quick heads up that a bunch of accounting firms in and around the Queen City are hiring this year, according to the Charlotte Business Journal. CBJ lists 13 firms that say they’ll be adding staff in 2020. Among those firms are: Aprio […]

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

Who knew KPMG would become a factory for cranking out future accounting firm chief marketing officers? Earlier this week we told you guys about Dixon Hughes Goodman recently hiring ex-KPMGer Danielle Cimato as its new CMO. And then yesterday, Plante Moran announced that former Klynveldian Marten van Pelt was hired to succeed partner Jeff Antaya […]

Which Audit Firm Got Fired the Most In Q4 2019?

It wasn’t a stellar fourth quarter of 2019 for the Big 4 in terms of winning new public company audit clients, according to Accounting Today’s most recent report on the newest data crunched by Audit Analytics. Deloitte and EY brought on four and three new SEC-registered audit clients, respectively, in Q4, but Deloitte also lost […]

DHG Poaches Someone From KPMG and Issues a Press Release, Part II

You gotta hand it to Dixon Hughes Goodman. I don’t know what they’re offering—decent compensation packages, a big enough commitment to work-life balance that it moves people to tears, a perk better than Omaha Steaks—but they sure have been landing a lot of ex-Big 4 lately, including former KPMGers. While it’s not a glitzy hire […]

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

Another PwCer is on the move, as a former tax director in personal financial services has been hired to make it rain at Cherry Bekaert. Growth-focused and nationally acclaimed public accounting firm Cherry Bekaert LLP is proud to welcome Michael B. Vidal, CPA, JD, as a Tax Partner based in Cherry Bekaert’s South Florida practice. As […]

Marcum Poaches Someone From EY and Issues a Press Release, Part I

In my mind, Gary Sturisky walked out of EY’s office in Miami, put all of his “Building a Better Working World” swag in a dumpster, stuck out his thumb, and was picked up by a Marcum bus, which drove him to the firm’s office in Fort Lauderdale where he worked happily ever after. Now that […]

Crowe Reports Not-So-Massive Global Revenue In 2019

What a difference a year makes. In 2018, Crowe Global hit and surpassed the $4 billion mark ($4.3 billion, to be exact) for the first time, thanks to massive revenue growth of 14% over the prior year. And backs were being patted in all of Crowe’s offices around the world: “The headline figures – in […]

Hey Look, Mazars Had a Decent 2019

I was so caught up last week reading and writing about Mazars USA’s scandalous poaching of three CohnReznick partners that I didn’t realize Mazars released its global revenue results for the financial year that closed on Aug. 31, 2019. It’s your typical revenue growth for a firm of Mazars’ size—up from €1.6 billion in 2018 […]

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

When your accounting firm is hovering around the 50th largest in the U.S. and you lure someone away from a Big 4 firm like KPMG, not only will you get a write-up in Going Concern but that news might be big enough to be featured in a local business publication. That’s what happened recently when […]

#TBT: The CohnReznick ‘Anthem’ That Someone Thought Was Ringtone-Worthy

I stumbled across this on YouTube yesterday. This CohnReznick “anthem” isn’t an accounting firm anthem in the traditional sense, not like this horrible Deloitte one or some of the bad Big 4 anthems of years gone by. The CohnReznick one was actually a commercial that aired on TV and radio a few years back. But […]

CohnReznick Has Had It Up to Here with Mazars USA’s Poaching

Last year, three CohnReznick CPAs—two partners and its chief operating officer—started new jobs as partners at Mazars USA. You would have thought Mazars would’ve sent out a press release about its new haul, like it did last September when it poached two people from KPMG, but the firm kept the CohnReznick poaching a secret. No […]

PKF O’Connor Davies Poaches Someone From EY and Issues a Press Release, Part I

If public accounting had a transactions wire, much like you see for Major League Baseball, it might look something like this for PKF O’Connor Davies’ newest transaction advisory services (TAS) partner: PKF O’Connor Davies acquired Andrew Suh from Ernst & Young for a CPA to be named later. OK, trades don’t happen among public accounting […]

Scott and Company Poaches Someone From EY and Issues a Press Release, Part I

I don’t have any evidence to back up this assertion, but I’m not going to let facts get in the way of what I’m about to write: It’s fairly uncommon for a Big 4 CPA’s next landing spot to be an accounting firm outside of the top 400 in the U.S. But that’s what happened […]

Platinum Hedge Fund Investors Aren’t Big Fans of CohnReznick

CohnReznick is being sued by 49 investors of an ill-fated Platinum Partners hedge fund who claim the accounting firm is complicit in and benefited from a fraud that doomed Platinum. Institutional Investor reported: The group of investors, who collectively sunk $63 million into the Platinum Partners Credit Opportunities Fund, filed a lawsuit against CohnReznick in the […]

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

Nothing new to report on the recent data breach at Moss Adams, but here’s some MA news we missed last month during our holiday lull: They got a guy from PwC. Jason Emmons is now a partner at Moss Adams, and according to his LinkedIn profile, he’s been providing services to customers in a professional […]

Moss Adams Got Hacked, Y’all

Hope everyone is having a good start to 2020. We’re s-l-o-w-l-y easing our way back to normalcy at GC HQ and catching up on things we missed during the past week. Like Moss Adams disclosing a data breach, in which names and Social Security numbers of clients were exposed. How many clients were affected? We […]

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

As 2019 winds down, we’d be remiss not to tell you guys that another KPMGer has recently left the House of Klynveld for the greener pastures of an accounting firm outside of the top 25. Earlier this month it was David Roberts leaving KPMG for Mauldin & Jenkins. Now we have Michael Pham who left […]

One Guy at Moss Adams Didn’t Get the Christmas Sweater Memo

Not the Moss Adams guy in the Santa suit. He gets a pass. The guy on the bottom left showing off the red puffer vest he just bought on sale at Old Navy for $12. Dude, what happened? What made him think, “Look at everyone in their Christmas sweaters. I need to get in this […]

Baker Newman Noyes Poaches Someone From EY and Issues a Press Release, Part I

Baker Newman Noyes must have been a good little accounting firm this year because instead of candy canes, Reese’s Peanut Butter Cup Miniatures, or WWE wrestling action figures in its stocking, Santa got the firm a new principal for its audit practice from EY. As a principal in the audit practice, Drew Nagus helps clients […]

Mauldin & Jenkins Poaches Someone From KPMG and Issues a Press Release, Part I

Last night me and my wife watched an episode of the Netflix series The Toys That Made Us about professional wrestling figures and how popular those toys were in the 1980s and ’90s. In that episode, it talked about Vince McMahon committing the ultimate sin when he took over the World Wrestling Federation from his […]

Promotion Watch ’19: Crowe Adds 34 New Partners and Principals

It’s time to take the noise makers out of your desk drawers and blow on them furiously because there will be 34 brand-new partners and principals at Crowe once the clock strikes midnight on April 1, 2020. The class of 2020 is fairly large by Crowe standards. It surpasses this year’s class of 24, the […]

RKL Poaches Someone From BDO and Issues a Press Release, Part I

When the 61st ranked accounting firm in the nation steals someone away from a firm like BDO, it’s kinda newsworthy. Well, newsworthy enough for a slow Wednesday late afternoon in early December. And newsworthy enough for RKL that it warranted a press release: RKL LLP announced that Michael T. McAllister, CPA, CITP, CISA, has joined […]

Arthur Andersen & Co.

Promotion Watch ’19: Andersen Adds 13 New Managing Directors

While we don’t typically include the “MDs” portion of PPMDs in Promotion Watch, Andersen doesn’t do that partner or principal thing, so MDs it is. The 2019 class of 13 managing directors at the firm formerly known as Wealth & Tax Advisory Services and then Andersen Tax is larger than last year’s class, when 10 […]

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

Longtime Deloitte Financial Advisory Services employee Jim Jordon is now teammates with Kate and Ben at BKD. Jordon was recently brought onboard as a managing director in BKD’s Forensics & Valuation Services division. He will be based in Houston. In his new role at the House of Dickman, Jordon will focus on assisting BKD’s energy […]

Weaver Poaches Someone From EY and Issues a Press Release, Part I

Do public accounting firms give their employees frozen turkeys before Thanksgiving? Maybe just at smaller firms? Anyway, if firms do do this, Greg Englert will be getting his turkey from Weaver instead of EY this year. National certified public accounting firm Weaver, the 35th largest public accounting firm in the United States, has added a […]

Which Audit Firm Got Fired the Most In Q3?

Earlier this month Accounting Today reported the latest data from Audit Analytics on public company audit client gains and losses for the third quarter, with Florida-based CPA firm Assurance Dimensions picking up nine new ones thanks to an acquisition. Among firms you’ll usually see in SEC or PCAOB enforcement orders, Marcum and Deloitte were the […]

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

Brent Lipschultz has boomeranged back to EisnerAmper after a four-year layover at PwC where he was a partner in the firm’s Personal Financial Services practice. Lipschultz, who has been a guest on CNBC a time or two to talk about taxes, investor confidence, and a bunch of other wealth advisory stuff, has re-emerged at EA […]

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

Today we have another example of a big fish in a small pond. The small pond being the brand spankin’ new Weaver office in Oklahoma City. The big fish is Zeeshan Khan, who is no longer representing the autumnal hues of PwC. The national accounting firm Weaver, one of the 35 largest certified public accounting firms […]

Promotion Watch ’19: Plante Moran Admits 16 New Partners

The firm that prides itself on having a jerk-free environment has leveled up 16 lucky boys and girls, in one of the largest new partner classes at Plante Moran in recent years. 2019: 16 2018: 15 2017: 21 2016: 13 2015: 16 Let’s take a closer look at this year’s class by the numbers: 5: […]

BKD Poaches Someone From FASB and Issues a Press Release

It’s fairly common for midtier accounting firms to raid the Big 4 to fill managing director, principal, and partner positions. We’ve seen it happen several times since May. Dixon Hughes Goodman did it, not once but twice. Blumshapiro did it. So too did Andersen and Mazars USA. Hell, even RSM and Grant Thornton have done […]

Promotion Watch ’19: Moss Adams Admits 28 New Partners

More than two dozen of Moss Adams’s finest got a Golden Ticket from the accounting firm’s very own Willy Wonka, Chairman and CEO Chris Schmidt, on Oct. 1. While we’re not sure if the new partner class of 2019 is the largest in the firm’s 106-year history, it is the biggest since 2014: 2018: 21 […]

Armanino’s ‘Perfect Taco’ Video Will Make You Swear Off Mexican Food for Life

Dear accounting firms, Year after year y’all pour countless dollars and manhours into producing some of the cringiest YouTube content in existence (topped only by Joey’s World Tour and his obscene foodsex noises) and each time you manage to outdo yourselves with cringiness. Just stop. Stop trying to relate to “the kids,” and definitely stop […]