Maybe! But the movie theater company did dump PwC on October 1st according to a filing with the SEC after just two years.
According to the filing, P. Dubs had only been engaged as AMC’s auditors for the last two fiscal years (4/3/08 and 4/2/09) and the audit committee decided that KPMG will now get the pleasure of opining, also effective on October 1st (congrats, we guess?).
As is typical in these auditor swaps, AMC’s filing states that they had no disgreements with PwC “on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.”
We’d like to think this came down to a PwC partner making some sort of stand against the asinine concession prices that are borderline unethical but that’s just our personal vision. If you’ve got your own ideas about the reasons for the dismissal, discuss them in the comments.
AMC Entertainment hires KPMG to replace PricewaterhouseCoopers [Kansas City Business Journal]
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Layoffs Watch ’12: Ernst & Young
- Caleb Newquist
- October 24, 2012
E&Y Down Under is getting into the act, informing a number of people that their […]
Firm Watch: Ernst & Young
- Caleb Newquist
- August 4, 2009
Round two of our Firm Watch this week covers everybody’s favorite resident of Times Square, Ernst & Young. We’ll get started on E&Y’s trubs with the Schein lawsuit where the firm was recently found to be marginally negligent and were ordered to pay a smidge over $10 mil as a result. NBD really, as E&Y probably spends that much money screwing up the spelling of their name on cheesy coffee cups.
The more serious stuff on E&Y, after the jump
Here’s some major stuff that probably keeps some E&Y partners awake at night:
• Lehman Brothers – E&Y’s role in the collapse of Lehman Brothers has got little attention in the press, however, suits have already been filed by San Mateo County in California, the City of Long Beach, California and the Southern District of Texas. It wouldn’t be unreasonable to speculate that more suits are likely to be filed.
• Madoff Exposure – E&Y also has significant Madoff exposure, as the auditor of several feeder funds. D&O Diary has them listed as defendants in at least ten different lawsuits.
• Layoffs – There have lots of reports of layoffs at E&Y in the last month or so, many of which occurred in the tax practices in the Northeast, and many of those getting the axe were supposedly on visas. Real classy. This was a follow-up to layoffs that also went down in February. As if that’s not enough, there were also rumors of layoffs occurring monthly since September ’08 in the Detroit office. Plus, with lots comments about stealth layoffs at all levels, it sounds like it has been a bloodbath at E&Y.
So that seems to be the major stuff, from our view, for E&Y. Again, we want to know what we’re missing. We’re looking for tips and dirt on any of the things we discussed above and everything we didn’t mention. Email us at tips@goingconcern.com and we’ll get all your additional gripes on here.
Your First Melodramatic Farewell Email of 2011 Comes Courtesy of Deloitte
- Caleb Newquist
- January 11, 2011
While some of you are understandably broken up CRUSHED that Natalie Gulbis is off the market, there are some who are emotionally exhausted from their experience in the Big 4 and aren’t looking forward to another busy season. That got one Green Dot to thinking:
Hey Caleb,
The following email is making its way around the company, it’s a good bye email from a staff out of the NE region. At first I thought it was funny, but after reading it again, I found it quite troubling. As today marks the start of another busy season, I thought you might want to share this with your readers and stress the importance of mental health. The re end of the day, this is just a job. I think that staff, particularly staff straight out of school, have trouble understanding that. The email ends on a high note and it sounds like he is going to get the peace he really needs, but I hate to think about the hundreds of other people in this industry (this is not a uniquely Deloitte issue) who find themselves in similar situations.
Keep up the good work!
Sincerely,
Concerned at Deloitte
Before we get to the farewell email, we aren’t making light of anyone’s personal situation and certainly not the importance of mental health but for crissakes people, your job is not life or death. If your job is weighing on you to the point of misery, talk to someone you trust. And if you need to take a mental health day, or take a leave of absence or just LEAVE, then do so. There’s no point in pushing yourself beyond your limits. We’ve seen it first-hand and it’s not pretty. Just because some people enjoy (and thrive) under the torture of 60-70 hour work weeks that doesn’t mean that you have to. And if you happen to observe a co-worker slowly losing it, take it upon yourself to ask how that person is doing.
ANYWAY, here it is:
Subject: One day I was sitting wondering to myself, why do people do things to intentionally cause themselves pain?
Hi everybody,
I’m sure some of you have forgotten who I am, and I’ve forgotten who some of you are too, not most but some. I’m sitting here in my old desk in the 2wfc on the 9th floor where I worked during the 2009 audit busy season. I’m writing to inform you that I have decided to part ways with the old uncle D.
I’m not sad and I hope you aren’t either, because this isn’t an end it’s just a new beginning. During my time at Deloitte I meet so many amazing people that I can’t even count them all, so many people have touched my life deeply. I wish I could spend more time with each one of you, and I can. I’m only an email away. During my time here I had a lot of fun, there was a lot of pain, more pain and sadness then I can even hope to describe in a single email. But more and more I’m choosing to only remember the good times, which is making me a better person, a happier person.
Which brings me back to the question I asked myself. Why do people do things to intentionally cause themselves pain? After coming back to the office and reflecting back on my time here I can start to understand. Sitting here in my cold dark cubical on the 9th floor, located in the furthest most isolated corner of the floor, overhead there is no office light as the other cubicles around which all have a single UV light positioned in the ceiling over head, so it’s the darkest cubical around.
Now coming back to all this I can finally see why, why I sacrificed my happiness to sit and stare at a computer monitor for 12 to 14 hours a day. You might be saying, it was because you had too, this was your job. But in our society, in modern America no one can make me or anyone else do anything. I could have just as easily not came in, I could have decided to just leave the firm. But day after day I kept coming. Why? Now looking back I see that it was two things. The first but not most important was my loyalty to the people I worked with, the second was my own fear.
The answer to my fear lies in a song I used to listen to several times every day during the 2009 audit busy season. The song “Drones” by Rise Against is a description of the modern office worker, the song helped me to feel that someone out there understood how I felt, that I wasn’t alone. It speaks office workers who keep coming back to work, to work their lives away. They come back to work every day in order to serve a faceless queen (aka: Money, C.R.E.A.M.). A god which can never love them back or help them attain love because it’s at the end of the day it’s only an object. Yet the people keep working to make that paper.
Well enough of my rant about money. I wanted to thank everyone, even the system which is Deloitte. I want to thank you all for everything you taught me, and all the fun and crazy experiences I had will never be forgotten.
To all the people whom I complained too, didn’t listen too, and got angry with. I am sorry, I want you to know I appreciate all of you dealing with my nonsense and being patient with me, and teaching me. I understand how difficult I can be to work with, and sometimes even be around. I’m sorry if I made your lives harder.
Please keep in touch.
One love,
-[redacted]
P.S. Yes I am crazy, and no I don’t need help
P.S.S. My email is [redacted] Please feel free to write me any time.
