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RTO
Inspector general checks whether IRS staff are showing up at the office [Federal News Network]
The Treasury Inspector General for Tax Administration is conducting the review, at the request of the department, to determine if IRS employees are following President Donald Trump’s mandate to work in the office full-time. The Trump administration, more broadly, is requiring agencies to collect data, including badge swipes into office buildings, to determine if federal employees are following the return-to-office mandate.
Accounting giants add up London office requirements [CoStar]
Consultancy firm PwC is live with a 300,000-square-foot requirement as part of its London office footprint review, CoStar News understands, as the capital’s accounting giants continue to review space requirements amid changing return to office policies. Deloitte has also mandated an adviser for a London office review, as the firm forges ahead with its plans to recover space it left during the pandemic, CoStar News understands. The firm has hired CBRE to lead a stay-versus-go analysis on its London headquarters at 1 New Street Square London, EC4 which could include a 500,000- to 600,000-square-foot requirement, market sources told CoStar News.
Law & Order
Barstool Demands Millions From Omega Accounting in Ad Suit [Sportico]
Barstool Sports has sued Omega Accounting Solutions and O’Brien Sales & Marketing for breach of contract, accusing the California companies of failing to pay for advertising and sponsorships.
Audit
PCAOB postpones effective date for new quality control system [Journal of Accountancy]
The PCAOB is delaying by one year the effective date of its risk-based quality control system for public company accounting. QC 1000, A Firm’s System of Quality Control, and related new and amended PCAOB standards, rules, and forms now will be effective Dec. 15, 2026, according to a news release. The PCAOB has not made or proposed any changes to QC 1000 and related standards, which were adopted in 2024.
GAO Publishes Revised Financial Audit Manual [MeriTalk]
The Government Accountability Office (GAO) on Aug. 18 published a new revision to its Financial Audit Manual Volume 3 released in July 2024, featuring he Federal Financial Reporting Checklist. “The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards,” GAO stated, adding, “It is a tool for enhancing accountability over taxpayer-provided resources.”
Local News
State auditor alleges county official misused Menards rebates for toy boats, whoopee cushion [Nebraska Examiner]
The state auditor is calling out an elected official from northeast Nebraska for allegedly using Menards store rebates earned through county purchases for his own benefit. Questionable buys ranged from a $1 prank whoopee cushion to a $94 load of lumber.
City Council splits on allowing auditor to receive alternate certification to CPA [The Colorado Springs Gazette]
Changes made by the Colorado Springs City Council Tuesday meeting have extended the debate over the certifications needed by the city auditor. Natalie Lovell was appointed city auditor in March on the condition that she obtain a license as a certified public account within the next two years. Earlier this month, the City Council had backed a proposal to cut that condition entirely. The new proposal for the ordinance, which narrowly passed Tuesday, instead requires Lovell to obtain certification as an internal auditor. Lovell would have until March 2027 to receive the certification.
CPAs, financial managers wanted: Supervisors lay out timeline for naming new county treasurer [San Diego Union-Tribune]
San Diego County will have a new top financial official by the end of next month. Applicants must meet certain requirements to be considered. They must have at least three years of experience in a senior financial management role in the public sector, they must have a CPA license and they must hold a degree in business or public administration, economics, finance, accounting or a related field. Applicants must also be registered to vote in San Diego County.
‘It’s a total disaster’: Audit of King County department finds potential misspending and fraud [KIRO 7 News]
Following an audit by the King County Auditor’s Office, concerns about improper payments and fraud have been raised regarding the Department of Community and Human Services (DCHS). On Tuesday, the auditor’s office shared alarming findings of that audit that started in 2024 with the King County Council. They indicated that DCHS may have mismanaged funds in the millions, which could lead to potential fraud.
New city comptroller’s audit reveals issues with Buffalo Bisons, city BPW [Spectrum News]
A new audit by the Buffalo City Comptroller’s Office outlines a number of issues that could cost the Buffalo Bisons $500,000. The comptroller’s office released a report highlighting issues related to the construction of an equipment facility at Sahlen Field.
Talent
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