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Even PwC Is Hyping Up GTA VI Now

With 14 days to go until the release of the most anticipated game of this decade, PwC has pushed out a bit of thought leadership-slash-economic analysis titled "Vice City, everywhere:…

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Deloitte Guy’s Love Life Has Become a Federal Matter

Last Friday, 42-year-old Ian Brinksman was picked up by the feds for allegedly passing top secret national defense information to another individual. Though that individual wasn't named by any reports,…

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Hackers Have Apparently Stolen a Whole Lot of PwC Homework

Oh no, hackers have swiped oodles of slides! PwC has confirmed that a third-party vendor it uses for employee records has been breached after a "cyber extortion group" said they…

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PwC Ekes Past EY With $60.2 Billion in Reported Global Revenue

Wow, Big 4 are really rushing out revenue numbers this year aren't they? First we got Deloitte in late September, EY two weeks later, and now PwC has just dropped…

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KPMG Australia Has Made a List of Things It Probably Should Have Done Already

...such as "support whistleblowers" and "punish people who do stuff that will give Australian Financial Review an easy 9 months of negative headlines." So KPMG Australia is still in its…

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Friday Footnotes: KPMG Settles With Investors; AICPA Proposes Outside Investor Guidance | 11.6.26

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you're here, subscribe to our newsletter to…

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PS5 controller

Even PwC Is Hyping Up GTA VI Now

With 14 days to go until the release of the most anticipated game of this decade, PwC has pushed out a bit of thought leadership-slash-economic analysis titled "Vice City, everywhere:…

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Philippines currency, phone, and pen on desk

Turns Out Offshoring Isn’t a Cheap Forever Solution to Talent Problems

Well we knew this would happen eventually. An article published today in Accountants Daily is all about how small firms over in Australia are struggling to hire talent. Now, if…

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Grant Thornton sign with CBIZ taped on

CBIZ Shareholders Are Cool With the Grant Thornton Merger, the Deal is a Go (UPDATE)

Ed. note: This article was originally published on October 29, 2026. On November 2, 2026, both CBIZ and Grant Thornton announced the transaction had completed. We didn't think this deserved…

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Monday Morning Accounting News Brief: PwC Boss Hates Work From Home; KPMG Catches Some Heat For Personnel Plans | 11.2.26

Hey. Put down the fun size candy bar and read some news. In this news briefFar Be It From the SEC to Hinder Technological InnovationGT + CBIZ 4EverKPMG Gets Some…

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Technology

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The Robots Want Your Emails, and the AICPA Has Concerns

Last month a pitch arrived in our editor inbox, the title of which was "Going Concern, meet the startup helping accounting firms turn old Slacks and emails into free money."…

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robber takes PwC learning data

Hackers Have Apparently Stolen a Whole Lot of PwC Homework

Oh no, hackers have swiped oodles of slides! PwC has confirmed that a third-party vendor it uses for employee records has been breached after a "cyber extortion group" said they…

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woman being annoyed by clients

Bill Gates Predicts AI Will Be Taking Clients’ Most Tedious Questions 24/7 Within a Few Years

Did you catch Bill Gates' recent chat with Ezra Klein? I didn't, thankfully my washed colleague regularly reads NYT and sent it to me via Slack. Many people are stuck…

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Business guys with AI robots

The AICPA Wants Tax Pros to Take a Hit From Its New AI Risk CART

Rather than dropping a strongly worded letter on the topic of the IRS's position on AI in tax practice and dropping the topic there to focus on other pressing matters,…

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Deloitte Survey: A Lot of People Are Using Clandestine AI at Work

As corporations everywhere shove AI down our throats and businesses wrestle with the conflict between rushing to integrate AI to not be left behind and having to pay for it…

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Practice Management

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Vintage tin toy robot hiding behind orange computer circuit board

The Robots Want Your Emails, and the AICPA Has Concerns

Last month a pitch arrived in our editor inbox, the title of which was "Going Concern, meet the startup helping accounting firms turn old Slacks and emails into free money."…

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Finance Leaders Are Shopping for a CAS Partner, and They Brought a List

Cash flow, automation, fraud protection. Your firm can deliver all three. Finance leaders would like some help with the accounting. Not a little help, either. BILL asked 354 finance decision-makers…

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Expense Management: Because Apparently Clients Will Pay You to Make Expense Reports Suck Less

Spend and expense management is one of the most in-demand CAS services—and one of the most underutilized. There’s still plenty of room to get into the game. Clients are drowning…

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For Firms, Growth is Down But Profitability Is Up

That's the headline from INSIDE Public Accounting based on the results of their 2026 Practice Management Report: The report draws on survey responses from 605 North American accounting firms, spanning…

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1040 tax return with money

AICPA Pushes Back on IRS Suggesting CPAs Should Charge Less If They’re Using AI

Back in June the IRS Office of Professional Responsibility (OPR) issued its first solid AI guidance in the form of a bulletin titled Introductory Guidelines for Responsible AI Use in…

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Here Are Tax and Audit Salaries at Top 25, Top 300, and Regional Firms

Recruiting firm Brewer Morris has released its 2025 US CPA salary guide and should you want to read the whole thing you can request it from them here. Perhaps you,…

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Friendly Reminder Not to Work Yourself to Death For This Profession

Saw this on the bird app yesterday and thought its message would be worth passing along what with 20 days remaining until April 15 and nerves as strained as ever…

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Accounting Firm Abruptly Nopes Out of Tax Season Early (UPDATE)

Ed. note: An earlier version of this article's headline stated the sheriff is investigating. The Alexander County Sheriff's Office informed us they are not investigating, only fielding calls from the…

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This Deloitte Office Has Eliminated Trash Cans at Desks to Make Staff Get Up Off Their Asses

Boston Business Journal wrote an article about Deloitte's new office in Boston and for some reason they chose to lead with this: You won’t find trash cans at the desks…

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The IRS Decided to Troll Tax Pros For 10/15

We realize the decision to run maintenance on IRS systems likely isn't made by anyone who understands deadlines but surely someone who does could inform the IT department of these…

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Finance Leaders Are Shopping for a CAS Partner, and They Brought a List

Cash flow, automation, fraud protection. Your firm can deliver all three. Finance leaders would like some help with the accounting. Not a little help, either. BILL asked 354 finance decision-makers…

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Man struggling with paper expense receipts

Expense Management: Because Apparently Clients Will Pay You to Make Expense Reports Suck Less

Spend and expense management is one of the most in-demand CAS services—and one of the most underutilized. There’s still plenty of room to get into the game. Clients are drowning…

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Top Remote Accounting Freelancers: February 3, 2024

Looking to staff up for a season or hire a freelancer for a project? Accountingfly is ready to partner with you! Gain full access to a pool of highly skilled…

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10 Essential Project Management Principles for Accounting Firms

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work,…

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KPMG Analysis Finds That a Fraudster’s Traits Mirror Those of Pretty Much Every Boss You’ve Ever Worked For

Of course not all of your bosses are crooks…or are…nah. But just to be on the safe side, make sure you’re giving the stinkeye to anybody with the following characteristics:

• Volatility and being melodramatic, arrogant and confrontational, threatening or aggressive, when challenged.

• Performance or skills of new employees in their unit do not reflect past experiences detailed on resumes.

• Unreliability and prone to mistakes and poor performance, with a tendency to cut corners and/or bend the rules, but makes attempts to shift blame and responsibility for errors.

• Unhappy, apparently stressed and under pressure, while bullying and intimidating colleagues.

• Being surrounded by “favorites,” or people who do not challenge the fraudster, and micromanaging some employees, while keeping others at arm’s length.

• Vendors/suppliers will only deal with this individual, who also may accept generous gestures that are excessive or contrary to corporate rules.

• Persistent rumors or indications of personal bad habits, addictions or vices, possibly with a lifestyle that seems excessive for their income, or apparently personally over-extended in their finances.

• Self-interested and concerned with their own agenda, and who has opportunities to manipulate personal pay and rewards

But as we all know, the ex-stripper wife is the clincher.

[via KPMG]

Who Has Thoughts on Mandatory Auditor Rotation?

Because the PCAOB is giving you until December 14th to make your views known.

“One cannot talk about audit quality without discussing independence, skepticism and objectivity. Any serious discussion of these qualities must take into account the fundamental conflict of the audit client paying the auditor,” said PCAOB Chairman James R. Doty.

“The reason to consider auditor term limits is that they may reduce the pressure auditors face to develop and protect long-term client relationships to the detriment of investors and our capital markets,” Chairman Doty added.

Don’t fret anti-rotaters, the Board did invite everyone to weigh in on the idea that they “should consider a rotation requirement only for audit tenures of more than 10 years or only for the largest issuer audits.”

[PCAOB]

Ernst & Young Serving Simpler Businesses After the Sour Taste Left by Lehman Brothers

Actually, it’s just for the kids.

Ernst & Young LLP, a global professional services firm, will be the Presenting Sponsor of a Guinness World Records attempt by local area elementary school students to make history with the “Longest Lemonade Stand.”

The record-setting attempt will be made Saturday, August 20, National Lemonade Day, in Beverly Park in Beverly Hills, Michigan, with proceeds going to support local school initiatives. The Longest Lemonade Stand record attempt includes an age-appropriate curriculum specifically designed to use the lemonade stand concept to teach kids basic business principles.

The students have already sold nearly 300 individual stand “kits” to families representing 16 area public, private and parochial schools. Participating families will bring their individually decorated stand sections to the park on event day to create the 1,200-foot-long stand required for the Guinness World Record!

Considering the fact that it’s not uncommon for local authorities to take a no tolerance stance on non-compliant stands, I hope Ernst & Young has informed participants that attention to detail is very important in business.

[via LLS]

Analysis: Corporations May Be People But They Are Definitely Not Humans

The Iowa State Fair is going strong and because Election 2012 is in full throttle, the GOP Presidential candidates have been posing for photo-ops and making statements with varying degrees of stupidity.

One of the most logical things uttered, I dare say, was done so by Mitt Romney. By now you’ve probably heard that ol’ Mitt, in between corndogs, got into a bit of a verbal joust with a few of the fair goers. Here’s the soundbite:

The statement has been examined and debated with most intelligent people coming down on the side of Romney. That is, human beings – whether it’s shareholders, employees or customers – eventually bear the cost of the taxes paid by corporations. So while a whole host of humans, including the majority Supreme Court of the United States, are stuck on this “people” thing, it’s worth noting (mostly for the sake of stupid fun) that corporations are definitely not “humans.” Maybe that’s overstating the obvious but English is complicated language and this exercise is not without its merits.

Humans, at their best, are capable of being compassionate, loving, generous and all that crap. Corporations are not. At worst, humans are disgusting, vile creatures capable of ridiculous behavior and we know this to be true mostly because of reality TV. Corporations are certainly capable of deplorable behavior but this behavior is usually at the behest of a human being’s decision.

Accordingly, let’s examine some thing that demonstrate that don’t make corporations “human.”

• Corporations don’t flash women who aren’t the age of consent.

• Corporations don’t use your bathroom and help themselves to the Goldbond Medicated Powder to an extent that you wonder if someone left the window open during a snowstorm.

• Corporations don’t eat corn dogs (humans shouldn’t either).

• Corporations can’t sign a taxpayer protection pledge.

• Corporations don’t “try out” 18 year-old women, take them over state lines and then take money in order to “protect” them.

Feel free to volunteer other examples of “human” versus “people” below but what’s important to note here is that while both humans and corporations may be people, all humans are people and it’s clear that corporations are not humans.

And if that still doesn’t help you understand the difference, just remember this – no matter the situation, for better or worse, humans are the ones who get screwed. Got it?

Former Bucknell Accounting Student Accused of Serial Flashing Had a MO That Would Make Most Women Suspicious

Jay Patrick Knaub, the former accounting major from Bucknell University accused of flashing four girls between the ages of 12 and 16, was back in court yesterday with his victims present. CBS21 reports that a few of the charges have been dropped and other charges consolidated but the most surprising thing we learned was that Mr. Knaub’s modus operandi was something that would have most women backing away slowly from the car with their hands in the air.

Each time the Middletown resident and former Bucknell University student would reportedly drive up to the girls and ask for directions. At least twice he’s accused of showing them a map, and then moving that map to expose his genitals. [At least twice he’s accused of showing them a map, and then moving that map to expose his genitals.]

Because of the age of these girls, chances are they’ve never been in the presence of a man admitting to being lost and needing directions since that is something simply doesn’t not happen unless A) he’s being forced to do under duress (e.g. future sex is being withheld) or B) he is not from this planet.

Any woman that has ever been lost with a man, knows that stopping and asking anyone for directions is something that men simply do not have the capacity to do. Accordingly, any man waving them down from a car and saying, “I think I’m lost and need directions,” would have send them running, arms flailing and screaming for the nearest police officer.

Unfortunately, these young girls had to learn this life lesson in a very shocking way and not in the normal course of experiencing the stupidity of men.

Serial flasher faces his victims in court [CBS21]

AICPA Announces Winner Of the Beta Alpha Psi Medal of Inspiration Award

For once, we have a heartwarming story of a person who set her mind to accomplishing a goal in spite of more than her fair share of adversity and challenge. This should shame all of you C students into at least pretending like you are grateful for what you have, at least until next semester.

Last week, the American Institute of Certified Public Accountants announced that Ms. Hefgine G. Fils-Aime, a spring 2011 graduate of the University of South Florida, has been awarded Beta Alpha Psi’s Medal of Inspiration Award. The award, sponsored by the AICPA, is bestowed upon a student who has experienced extreme hardships in his or her life and who has demonstrated an unusually high level of success dy. The award includes a $5,000 cash stipend, which Ms. Fils-Aime plans to use to help continue her education by pursuing a Master’s of Science degree in accountancy at Wake Forest University.

Ms. Fils-Aime’s story is one of overcoming persistent obstacles. In the mid-2000s, her parents sent Fils-Aime and her sister to Florida to live with relatives, fearful that their young daughters were in danger if they remained in Haiti. Then 14-year-old Fils-Amie, a native French and Creole speaker, had to learn English immediately and was enrolled as a junior in high school due to having skipped a grade in Haiti and the differences between the Haitian and American school systems. Fils-Aime graduated high school at age 16 and enrolled in the University of South Florida.

While the other 18 year-olds in the dorms were partying and trying to get her to take that route with them, she chose to remain focused on her education. As if that weren’t challenging enough, her biggest challenge arrived on Jan. 10, 2010, when Haiti was hit with a 7.0 earthquake. It would be days before she knew what happened to her parents and younger brother. Her mother did not survive the earthquake, buried in the rubble of their home when it collapsed. Port-au-Prince was so damaged that she could not fly in to attend her own mother’s funeral. Somehow during all this, she stuck to school and her extra-curricular activities, which included serving as student project support assistant at the Business Systems Reengineering Department, a candidate for Beta Alpha Psi and the Brothers Points coordinator for Alpha Kappa Psi. She attended PwC’s Florida Leadership Adventure in the summer of 2010.

“The winner of this year’s Beta Alpha Psi Medal of Inspiration Award, Hefgine G. Fils-Aime, is a shining example of a person who overcame extreme hardship, and a language barrier in a foreign country, to achieve success,” said Jeannie Patton, AICPA’s vice president of academic and career awareness. “Her dedication, motivation and courage to continue offers inspiration and hope to every one of us who has thought about quitting when the going got tough.”

Fils-Aime was presented the award on Friday at Beta Alpha Psi’s 2011 annual meeting in Denver.

“Hefgine Fils-Aime’s life story is an inspiring one for everyone who is part of Beta Alpha Psi,” said Mary Stone, president, Beta Alpha Psi. “For members, it is a story to remember when life seems overwhelming or unfair. For faculty advisors, forum members, and staff, it is a story to remember when confronted by the media stereotype that today’s students don’t work hard. For all of us, it is reminder that great challenges can be overcome with hard work, perseverance and good humor.”

Fils-Aime graduated with a bachelor’s degree in accounting with an overall GPA of 3.89 in May of 2011 and received a full-time offer from PwC. She was recognized on the College of Business’ top 25 under 25 and had been active in Beta Alpha Psi, Alpha Kappa Psi and Beta Gamma Sigma.

Current BAP students may vote for either themselves or another BAP student who they feel meets the criteria for this award, which is given out annually. There are two criteria whereby students can win. First, they may have experienced extreme hardships in their lives in pursuing their education, and demonstrated an unusually high level of success in spite of that adversity. Or, second, they may have done something particularly inspirational in the course of their young lives that had tremendous impact on someone else’s life. Either path is acceptable. Students are encouraged to participate in the program, not to bring honor or glory to themselves, but to inspire students to want to affect on the world around them in a positive way.

Accounting News Roundup: Financial Reporting Still Moves at Snail’s Pace; What About a War Tax?; One Non-existent Dependent Is Bad Enough | 08.16.11

Company report pace frustrates accounting experts [Reuters]
Author and lawyer Michael Young jokes about the days when it took more time to get some companies’ financial statements than it did for Columbus to discover America. Alas, those days are still here.

Google May Reap $1 Billion Tax Benefit from Motorola Deal [CFOJ]
Robert Willens, an independent tax and accounting expert who is president of Robert Willens LLC in New York, told CFO Journal that the NOLs are “a really significant item.” The former Lehman Bsaid Motorola has about $3 billion in NOLs. While the IRS restricts the entire amount of NOLs that can be applied after a change in ownership, Google should still be able to use a portion of them over time. Willens estimates Motorola could reduce Google’s tax bills by about $1 billion over the next six years, on an undiscounted basis.

PwC faces fine over JPMorgan audit [FT]
After a year-long investigation into the audit firm, the Accountancy and Actuarial Discipline Board is taking disciplinary action against PwC for failing to meet the professional standards expected of it, and failing to report “with due skill, care and diligence”.

Memo to Staff: Don’t Panic [WSJ]
From company memos to “town hall” meetings, corporate leaders are looking at how they can jack up morale in the work place. At the same time, many are dealing with employees already skeptical of management—given the rounds of layoffs in recent years—and must choose their strategies carefully.

Interpublic sells half of its Facebook stake [FT]
Interpublic, the advertising group, sold half of its 0.4 per cent stake in Facebook for $133m to an undisclosed buyer. The sale is likely to put the spotlight back on to the secondary market for private company stock. The loosely regulated market attracted scrutiny from regulators earlier this year after shares in internet companies such as Facebook and Groupon began trading at multibillion-dollar valuations without public listings.

A war tax? It’s still not a bad idea [WaPo]
White House Press Secretary Jay Carney last Wednesday caught my eye when he talked about members of Congress, currently vocal about the deficit, who were on Capitol Hill over the past decade and voted for unpaid large tax cuts but “put two wars on the credit card without paying for them.” That last phrase reflected words used in 2007 by several House Democrats who wanted to institute a war surtax to pay for the then-increasing costs of U.S. activities in Iraq and Afghanistan. These days, one of them, Rep. Jim McGovern (D-Mass.), believes such a levy should be on the agenda of the debt-reduction “supercommittee.”

Corporations are people too! [Tax Update Blog]
Mitt Romney had a great time at the Iowa State Fair.

IRS: Woman claims 19 non-existent children [SVMN]
The IRS says Coronel claimed that all the children had been born to her at a Los Angeles hospital on Dec. 11, 2002, then obtained fraudulent Social Security numbers for them and claimed them as dependents. Hospital records show she gave birth to one child, a boy, on that date.

KPMG Foundation Awards $400,000 in Scholarships to 40 Minority Accounting Doctoral Scholars [KPMG]
The students include 10 new recipients and 30 students whose scholarships have been renewed. Each scholarship is valued at $10,000 and renewable annually for up to five years.

Deloitte Consultant Inadvertently Finds Peace on Vacation

Barbara Adachi, a principal in Deloitte Consulting’s human capital practice, started creating a stricter separation between vacation and work when she was in Patagonia on vacation several years ago. Her BlackBerry didn’t get reception there, she said, “and I had no choice but not to check it — it was very freeing.” [NYT]

(UPDATE) Layoff Watch ’11: McGladrey Causing Some Head Scratching

Hot off the grill from Mickey G’s:

Some people let go at McGladrey. Heard it was like 15 [UPDATE: SEE BELOW] from the corporate marketing department and a few others. Some head scratchers going on. Moved people around including a few changes that have people baffled. People who have no business being promoted promoted.

Earlier in the summer, we heard a rumor about layoffs in the Northern Plains region and at the time our tipster said that the firm “spread[s] the terminations over months instead of doing them all at once,” which has more or less become the norm. ANYWAY, we’re trying to get some more info from tipsters and the firm but in the meantime, drop your knowledge below or get in touch.

UPDATE: A McGladrey spokesperson has informed us that the firm did recently “announce a restructuring of our marketing department to better align with the organizational structure and business objectives outlined by our firms more than a year ago,” adding, “This resulted in the elimination of 11 positions within the marketing organization.”

The head scratching was not specifically addressed. Carry on.

*Dustin Bradford

Any Guesses on How President Obama Feels About Warren Buffett’s Op-Ed?

Stop me if you’ve heard this before.

Obama has often cited Buffett’s call for higher tax rates on the rich, and he seized on the Monday op-ed in the Times and the coverage it’s gotten on the web and on cable news to do so again.

“He said we’ve got to stop coddling billionaires like me,” Obama said. “That’s what Warren Buffett said.”

“He pointed out that he pays a lower tax rate than anybody in his office, including the secretary,” the president added. “He figured out that his tax bill, he paid about 17 percent. And the reason is because most of his wealth comes from capital gains.”

Not to be confused with Grover Norquist’s opinion on the matter.

Obama: Warren Buffett is right on the money [Politico]

Comp Watch ’11: Individual Results Coming in at Deloitte and More Details on Bonuses

Following up on our previous post that addressed the high level discussions at the firm, some people started getting calls on Friday and more are having meetings today:


Our first tipster was a recently promoted to Senior Associate in ERS Tech Risk in the Northeast:

Year end rating of 2, 18% [raise].

And the latest from Houston for an 5th year Senior Associate in audit:

Audit 4th year senior going into my 5th year from the Houston Office (Mid-America Region).

As a 1-rated senior my numbers were:

9.9% raise
10.4% AIP bonus

In addition, we received a couple of slides that could be of interest to you on the following two pages.

Here are details for “Rewards and Recognition” which spells out the awards in the program and last year’s stats:

Sixty-nine percent of SMs receiving a bonus seems impressive and the Outstanding Performance award could pay out nicely if you’re lucky enough to get one on the high end. The Service Anniversary award, on the other hand, is not impressive at all.


If this slide looks familiar, it’s because it is very similar to one we posted back in July that showed Deloitte’s efforts to revamp their comp structure. The previous slide showed the AIP pool for Senior Consultants while this one is for Senior Managers (although :

So share your details as they roll in and feel free to comment on the results, the slides and anything else that tickles your fancy (as it relates to Green Dot Comp).