October 17, 2021

Friday Footnotes: CPAs Get Pied; EY Beats BBC; A ‘Critical Shortage of Auditors’ | 4.30.21

AICPA, NASBA and AAA to Announce New Model Accounting Curriculum at Free Online Event [AICPA] The free online event, to be held June 15-16, will provide attendees with a thorough overview of the Model Curriculum. The event is open to all who are interested, including members of the media. To attend, register online.

Local CPA’s take pies to the face for worthy cause [Fox43] Gift CPAs of Mechanicsburg and Lancaster got pies to face today live on social media, in honor of World Wish Day on April 29.

Companies can delay reporting due to auditor shortage: ASIC [Australian Financial Review] The corporate regulator has given companies longer to report their financial results amid a critical shortage of auditors that is also leading to dramatic pay rises across the professional services.

EY is UK’s third most valuable brand – ahead of many giants [Consultancy.uk] Global accountancy and consultancy firm EY is UK’s third most valuable brand according to new research, worth more than the likes of BBC, HSBC, Land Rover and Vodafone.

Tax day horror story: King of Prussia firm says its accountant failed to file taxes for years [Philadelphia Inquirer] Here’s your weekend long read: For decades, family-run Purolite has sold specialty resins, gradually expanding sales to more than 30 countries. It is privately owned and doesn’t release financials. So it was unusual when in February the company’s chief executive updated its website by posting an angry open letter. “Beware! I want to personally warn you of the gross malpractice and professional misconduct committed against my company, Purolite, by our former accounting firm Citrin Cooperman,” warned Purolite’s Stefan Brodie. The specific charge: The company’s accountants had failed to properly file Purolite tax returns — and in some years, failed to file returns at all — from 2010 to 2017.

Grant Thornton sells private wealth division [Financial Standard] Grant Thornton Australia has sold its private wealth business to its senior team members.

Resilience lessons for women accountants [Journal of Accountancy] Women made up 59.7% of all accountants and auditors and 52.6% of financial managers in the United States in 2020, according to the U.S. Department of Labor’s Bureau of Labor Statistics. This kind of trail blazing requires resilience.

18-year-old is youngest Chartered Accountant in Ghana [GhanaWeb] Hannah Ann Enyan is now the youngest chartered accountant in Ghana.

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