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KPMG Shoves 10% of Its Audit Partners Out the Door

We're sure you've seen this FT headline floating around today: KPMG to axe 10% of US audit partners. And if you, like most denizens of the internet these days, read…

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PwC Tells Remote Tax Staff to Get Their Butts Into the Office

So much for PwC letting all their people work remotely forever. Remember when that got headlines five years ago? See: PwC Just Announced That You Never Have To Go Back…

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KPMG Plans to Hand Routine Testing Off to AI

Did you happen to see this WSJ article from the other day? In "In This Critical Part of Audits, the Accountant’s Role Is Shrinking Fast," we're given a look into…

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Deloitte to Slash Benefits For Non Client-Facing Staff

We specifically added the non-client-facing bit in the headline soz not to scare everyone. It's rough enough out there on the front lines as it is, we don't need to…

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Uh Oh, PwC Is Up to Something

By "something" we mean "aggressively enshittifying their product." Bet clients and prospective clients will just love that. Financial Times reports that their birdies are pointing to an overhaul in consulting…

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News

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KPMG Shoves 10% of Its Audit Partners Out the Door

We're sure you've seen this FT headline floating around today: KPMG to axe 10% of US audit partners. And if you, like most denizens of the internet these days, read…

Read More
exterior of PwC building

PwC Tells Remote Tax Staff to Get Their Butts Into the Office

So much for PwC letting all their people work remotely forever. Remember when that got headlines five years ago? See: PwC Just Announced That You Never Have To Go Back…

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Monday Morning Accounting News Brief: AI Boom Investor Fraud Off to a Strong Start; Do We Even Need Tax Pros? | 4.20.26

4/20 you say? Nice. In this news briefWe Shouldn't Need AccountantsFASB Tackles Gamers' Most-Hated Topic: Data CentersYou Just Gonna Let AI Agents Run Wild Like That?Ilhan Omar's Husband's Accountant Struggles…

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Friday Footnotes: PwC Partners Are Doing Great These Days; IRS Encourages Whistleblowing | 4.17.26

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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Deloitte to Slash Benefits For Non Client-Facing Staff

We specifically added the non-client-facing bit in the headline soz not to scare everyone. It's rough enough out there on the front lines as it is, we don't need to…

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Technology

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KPMG Plans to Hand Routine Testing Off to AI

Did you happen to see this WSJ article from the other day? In "In This Critical Part of Audits, the Accountant’s Role Is Shrinking Fast," we're given a look into…

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AI Will Be EY Auditors’ New BFF, According to EY

While staff in tax at EY US will soon be spending more time with their flesh-based colleagues due to a return-to-office mandate that requires them in the office for an…

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ICYMI: According to This AI CEO You Won’t Have to Go to Work in a Year

Commence to fantasizing about what you'll do with all that glorious free time when you lose your job to AI in 12-18 months because that's the confident prediction made by…

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Another Early AI Accounting Startup Just Bit the Dust

TIL that early AI accounting platform Botkeeper has died. I found out via this CFO Brew article which pointed to a post on Botkeeper's own site. Turns out r/accounting was…

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KPMG Brings Cheating Into the AI Age By Using AI to Cheat on AI Exams

The image is upside down because Australia. This story sounds like a joke but we assure you it is not. KPMG Australia has expanded KPMG's storied cheating repertoire by being…

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Practice Management

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Top Remote Tax and Accounting Candidates of the Week | October 16, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | October 2, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | September 25, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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tax hiring season

Top Remote Tax and Accounting Candidates of the Week | September 18, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | September 4, 2025

Struggling to Find Remote Accounting Talent? We’ve Got You Covered. If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're not…

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Quick Reads

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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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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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6 Ways Email is Secretly Destroying Your Accounting Firm

Email: The word itself sounds innocent, doesn't it? Kind of like "snail mail," but faster, sleeker, and without the slimy trail. But don't be fooled—email is secretly a sinister beast,…

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Don’t Grow Your Accounting Firm Out of Business! Break Up With These Unscalable Practices Now

Business growth is always a high priority for accounting firms, especially small-to-midsize practices. Take care, though, because growth can be a double-edged sword. If your firm expands too quickly or…

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Will a Couple of Past Arrests Jeopardize Your Big 4 Job Offer?

Welcome to the bracketastic edition of Accounting Career Emergencies. In today’s edition, a future tax associate is losing sleep over his offer with a Big 4 firm that could be at risk because of two past convictions. Will his past indiscretions torpedo his job prospects before things get rolling?

Need some semi-reasonable career advice? Do you avoid confrontation as a general rule? Looking for some ideas on how to carry on an imaginary conversation? Email us at advice@goingconcern.com and we’ll get you prepared for an elevator ride.

Back to our tax troublemaker:

To whom it may (going) concern,

I recently accepted an offer to join the Tax Department at a local Big 4 office. Although quite ecstatic to receive an offer from my top choice, I am worried that a past arrest may jeopardize my prospects with the firm. The case consisted of two convictions, unlawful open container and trespassing. I am in the process of getting the convictions expunged, however, I don’t know if they will be off my record by the time background checks are performed.

What will the firm make of this? They seem pretty minor on the continuum of things to be arrested for, but I didn’t know if any arrest is seen as a warning signal. If it’s something I should worry about, when and who should I contact with this information.

Any help is welcomed, because after pre first-round interview dreams and pre-second round interview dreams, the last thing I want is to have dreams regarding my background check for the next seven months.

Thank you

Dear Open Trespasser,

Lucky for you, I have experience in this regard, as I had my share of minor offenses prior to starting my career. The details of which are inconsequential but let’s just say I had a run of bad luck prior to reaching the age of 21. In your case, I’m pretty confident that you have little to worry with regard to your two convictions, mostly because they are minor, non-violent offenses. If you had taken the open container, cracked it over someone’s skull (the trespassee, let’s say), which then resulted in a circus of a trial that tarnished your entire school’s/fraternity’s/family’s reputation, then you might have a valid concern.

Having said that, it’s not impossible that a firm wouldn’t, all of sudden, decide to make an example out of someone but it seems pretty unlikely. Everybody makes mistakes and if your tax group really was excited about bring ing you on board, a couple of slip-ups like this aren’t going to change their mind about you.

You’re doing the right thing by requesting the convictions to be expunged and I believe they would do so after a number of years, even if you chose not to do so. Good luck with the new gig and try to keep your nose clean. But, breaking the law while an employee of a Big 4 firm is definitely not a great way to keep a job.

Accounting News Roundup: Will E&Y Take the Brunt of Lehman’s Bankruptcy?; Texting Japan Donations; Richard Hatch’s Light Sentence | 03.14.11

Japan Battles Nuclear Meltdown as Millions Without Power, Water [Bloomberg]
Workers battled to prevent a nuclear meltdown after a second blast rocked an atomic plant north of Tokyo, as helicopters and convoys of army trucks headed toward areas worst-hit by Japan’s strongest earthquake. No large release of radiation was detected after the explosion, which didn’t breach Fukushima power station’s No. 3 reactor and followed a build-up of hydrogen gas, Chief Cabinet Secretary Yukio Edano told reporters in Tokyo today. The risk of a large leak is very small, he said.

BOJ Takes Action to Bolster Moneya href=”http://online.wsj.com/article/SB10001424052748704893604576199261875222164.html?mod=WSJ_hp_MIDDLETopStories”>WSJ]
The Bank of Japan jumped into action Monday to temper the economic blow from the earthquake, tsunami and nuclear emergency that hit northern Japan, doubling the size of its asset-purchase program and pouring a record 15 trillion yen ($183.17 billion) into money markets to ease liquidity concerns. “What we were most concerned about was the possibility that increases in anxiety and risk-aversion moves would negatively affect the real economy, so we judged it appropriate to mainly boost purchases of risk assets,” BOJ Gov. Masaaki Shirakawa said after the bank’s policy board meeting, which was cut to one day from two because of the crisis.

Lehman Auditor May Bear The Brunt [WSJ]
Federal investigators have grown increasingly doubtful they can prove Lehman executives violated the law by using an accounting maneuver known as Repo 105, which obscured the amount of risk Lehman held, making the firm’s finances look better than they were, The Wall Street Journal has reported. But Ernst & Young, Lehman’s auditor, is fighting fraud charges filed in December by the New York attorney general for, among other things, allegedly failing to adequately follow up on a whistleblower’s claim that Lehman was misstating the value and size of its assets.

Texting Japan earthquake donations [DMWT]
$10 will be added to your next phone bill for contributions to the following charities: American Red Cross, Salvation Army, Convoy of Hope, GlobalGiving and World Relief.

Big 4 Bias – Can We Ever Overcome It? [BDO/CEO Insights]
BDO Global CEO Jeremy Newman wants some respect!


Nine Months is Not a ‘Severe Punishment’ Fitting Survivor Winner Hatch [Yahoo]
Hatch famously failed to pay the taxes due on the $1 million prize won from the first season of “Survivor” more than 10 years ago. He was convicted of tax evasion and subsequently served more than three years in prison. He also, obviously, was ordered to refile amended tax returns that accurately reflect his 2000 and 2001 income and pay the income taxes due. Though any reasonable person disinterested in spending any more time in federal prison would have immediately filed corrected tax returns and pay the taxes due, Hatch failed to do so, and according to the Hollywood Reporter, he has been sentenced to prison for an additional nine months. Hatch was released from prison in 2009, and since then has been serving a three year term of supervised release.

India’s IFRS Carve-Outs and the Pipedream of Global Accounting Standards [The Accounting Onion]
If IFRS adoption was ever a goal worth pursuing, it has long since vanished, and the political motivations of its remaining supporters are now deprived of any pretense of legitimacy. It’s time to let the rest of the world “countdown to IFRS” if they want to, but If the SEC were really serious about protecting investors, it would scrap the IFRS roadmap. In it’s place, there should be a new plan for making U.S. GAAP unquestionably the pre-eminent financial reporting system in the world.

AIG Adopts Poison Pill to Preserve $65 Billion NOL [TaxProf Blog]
AIG, like GM and Citigroup before it, has adopted a poison pill to preserve its $65 billion NOL by ensuring that no investor acquires a 5% stake and triggers the change of ownership rules.

PwC Is Giving $5,000 to a College Student Who Makes the Best ‘Elevator Pitch’ Video That Won’t Closely Resemble Any Conversation They’ll Ever Have in an Elevator

For any current PwC employees if you, in the off-chance, happen to run into Bob Moritz in the elevator at 300 Madison, you might say, “Hey, thanks for the iPad,” or “I don’t care what anyone says, I love the colors of the new logo,” or “You look great with your shirt off.”


On the other hand, if you’re a college student and you need a little extra cash, you might be willing to script together a few awkward sentences that you would say to BoMo or Dennis Nally if, in fact they were interested in being accosted by a wide-eyed eager beaver that is rambling on about their leadership roles in Beta Alpha Psi only to be cut off with, “Sounds great but I really got hit the john.”

If that sounds like something you’d be interested in, you’ve got until March 25th to get your entry submitted.

Making an Impression [PwC Careers/Facebook]

Apparently ‘The Purpose of Auditors Is Completely, Entirely, and Wholly’ to Look for Fraud and ‘Deloitte is the best. Period. End of Statement.’

Remember China MediaExpress? That’s the company whose CEO – Zheng Cheng – responded to the accusations of fraud by evoking ‘reputable and well-known’ Deloitte to get the haters off their back. Even though the company is still taking heat, Mr Cheng will be happy to know that he’s got someone in his corner: Glen Bradford, CEO of ARM Holdings LLC, a Hedge Fund Advisory Company. The thing is, Mr Bradford seems a little confused about what an auditor’s purpose is (for fun, I added some emphasis):

I have received tons of messages that can be summarized by the belief that auditors do not look for fraud and that all they do is make sure things line up in the reports. I can say that this is not true simply by being practical. If we didn’t have auditors to verify the claims that companies make, then companies could claim whatever they want to. The purpose of auditors is completely, entirely, and wholly to look for indications of fraudulant activity — and to do their best to remove all possible doubt that the company is misrepresenting itself on its financial statements.

You can make of that what you will but then Glen continues:

Then, if things are OK, they sign off on them. Some auditors are better than others. Deloitte is the best. Period. End of Statement.

Well then! I’m sure Deloitte appreciates the ringing endorsement regardless if it comes from someone who is under the impression that “The purpose of auditors is completely, entirely, and wholly to look for indications of fraudulant activity.” At the very least, this is debatable point, so if you have a difference of opinion with anything above, feel free to share below.

China MediaExpress Holdings: All Eyes on Deloitte [Seeking Alpha]

AICPA Updates Their 2011 Score Release Timeline

A few months back, we got a few moments with the AICPA examinations unit for insight on CBT-e and, most notably, the updated score release plan for this year.

Now it looks like the AICPA has updated their 2011 score release timeline with more details on changes to scoring later in the year, specifically an improvement that will allow them to release scores earlier for the October/November testing window which we first told you about in January. At that time, we were forbidden from telling you how frequently the AICPA wanted this to be but now that they’ve updated the FAQ, this information is all yours to enjoy:

Q. When can I expect to receive my scores after October 2011?

A. During the 2006-2010 testing windows , candidate scores were released in two rounds: The first round approximately one week before the end of the testing window, and the second approximately two weeks after the end of the testing window. In addition, not all candidates who tested early in a window were eligible for the first round of score release. Candidates who took test forms with new test content that required additional analysis and review before scoring were not eligible for the first round of score release.

With CBT-e, improvements have been introduced into the process. Beginning with the October/November 2011 testing window, scores will be released faster and more frequently.

The first round of score release will be approximately one month after the beginning of the testing window. Subsequent score releases will be made every two weeks after the initial release.

In addition, with very few exceptions (see below), candidates who test early in a window will be eligible for the first round of score release.

What are those exceptions? Amazingly, those taking BEC should not expect to get their scores early. The AICPA states that candidates taking BEC will have to wait a little longer for their scores just in case their written communication problems need to be analyzed by the AICPA’s skilled team of robots and/or human beings. They have always been (purposely?) vague about how written communication is graded and we will have to wait for a later talk with their examinations unit to see if we can get more insight on this process, specifically whether or not it will be changing with CBT-e.

Q. Are there any differences in score release by Exam section (AUD, FAR, REG, BEC)?

A. Yes. Candidates who take the BEC section may get their scores in a subsequent release due to additional analyses that may be required for the written communication tasks. Also note that written communication tasks now appear in the BEC section only.

Don’t get disappointed; overall, changes to scoring will improve over previous years and this is a work in progress, meaning the AICPA is working to tweak the candidate experience for the better based on their analysis throughout the year and beyond.

Accounting News Roundup: IASB Urges U.S. on IFRS…Again; Film Credits Showing Life in Idaho, Arizona; Auditors Feel They’re Skeptical Enough | 03.11.11

BOJ Pledges Liquidity on Japan Quake as Toyota Shuts Plants [Bloomberg]
Japan’s central bank pledged to ensure financial stability after the strongest earthquake in at least a century forced Toyota Motor Corp. to shut some plants, knocked out oil refineries and sparked a plunge in stocks. The magnitude 8.9 earthquake struck off the coast of Sendai, a city of 1 million in the northeast, unleashing a tsunami as high as 10 meters (33 feet) that engulfed towns along the coast. The Tohoku region, which includes Sendai, accounts for about 8 percent of the country’s gross domestic product, according to Macquarie Song>IASB urges US to adopt new accounting rules
[FT]
Speaking in Washington DC on Thursday, Sir David Tweedie sought to reassure the US that it would not be ceding control of its accounting system to foreign politicians if it adopted the IASB’s rules. The plea by Sir David comes at the same time as a push by the European Commission to secure a greater say for public authorities in the oversight of his organisation. The US Securities and Exchange Commission is due to decide this year whether to jettison US accounting rules in favour of adopting the IASB’s international financial reporting standards (IFRS), which are followed in the European Union and a number of other countries.

Has India Abandoned IFRS? [The Accounting Onion]
Paging Sir David…

Medical marijuana subject to new LA tax [DMWT]
If only it were that simple.

3 Accounting Associations Merge to Form IGAF Polaris [AT]
Three international accounting associations—Polaris International, Fidunion and IGAF Worldwide—are merging together to create one of the largest associations of independent accounting firms in the world. The merged association, which will operate under the name IGAF Polaris, will contain 385 member firms with combined annual revenue of over $1.82 billion. The association will include a combined total of 2,402 partners, 16,304 professional staff operating out of 846 offices in 88 countries around the globe.

Arizona and Idaho Look Again to Film Tax Credits [Tax Foundation]
Joe Kristan is getting heartburn.


Pentagon accounting problems ‘serious’: Treasury [AFP]
Essentially the DoD is unauditable.

Ford truck crashes into public accountant’s office in Dodge City [Dodge City Daily Globe]
Yes, that Dodge City.

Deloitte Announces Alliance Agreement with MicroStrategy to Deliver Business Intelligence and Analytic Solutions [PR Newswire]
Under the agreement, Deloitte will combine MicroStrategy’s advanced business intelligence (BI) technology with its broad array of consulting, advisory and implementation services to assist their mutual clients in meeting information, business intelligence and analytic needs. The alliance includes collaboration on solution, service and market development, education, training, sales and delivery.

Auditors reject lack of scepticism concerns [Accountancy Age]
Auditors have rejected the suggestion that there [sic] work requires more scepticism. Following the release of a discussion paper from regulators on whether auditor scepticism needs to be increased, firms defended their attitude and working processes to provide audits. Some noted that the application of international financial reporting standards (IFRS), which can provide a range of potential outcomes, is confused by regulators as a lack of scepticism.

LECG Fire Sale Continues; San Fran Forensic Accounting Group Joins FTI Consulting

After last week’s news of LECG Corp. selling off pieces of itself to FTI Consulting, Grant Thornton and WeiserMazars, today the company announced that it has also sold its forensic accounting practice in San Francisco to FTI:

Professional services firm LECG Corporation (NASDAQ: XPRT) announced today that it has transitioned its San Francisco forensic accounting practice to FTI Consulting, Inc. The transition involves approximately 25 employees.


Not only that but the pieces left are also up for bid for anyone interested, although common shareholders shouldn’t expect to see anything:

With the advice of its restructuring advisors, LECG continues to negotiate the transition of all practice groups remaining after today’s transaction and transactions disclosed in previous public communications. LECG will use the proceeds from all practice group transitions to repay the $27.8 million in principal outstanding under its credit facility. The company will use the balance of any proceeds to make payments to other creditors. Contractually, if there is any remaining value available to equity holders, it would be first allocated to the company’s outstanding preferred stock. The company believes that the transitions and these transactions will not result in any proceeds for the common shareholders.

The Philly Business Journal reports that the company still has about 500 employees left but at the rate things are going, they’ll be elsewhere by St. Patrick’s Day. Good luck to everyone affected.

LECG Transitions Parts of Forensic Accounting Practice Group to FTI [LECG]
LECG jettisons another practice group, this time in San Francisco [PBJ]
Earlier:
WeiserMazars Moves into Chicago as Part of Acquisition of LECG Units [GC]

Accountant, Who Avoids Confrontation ‘as a General Rule,’ Guilty of Hitting a Trashman with Her Car

Question for the group: what could have been going on in this woman/accountant’s life that caused her to do the following?

An accountant drove into a bin man ‘in a rage’ after his lorry blocked the road, a court heard. Frances Henshaw, 43, was alleged to have snarled ‘like a rabid dog’ when she got stuck behind the wagon. She was hauled before the courts after bin man Craig Kelly claimed he was hit by her car as she forced her way through a tiny gap. Henshaw was found guilty of driving without due care and attention, leaving the scene of an accident and failing to report an accident.


We’ve come across a fair share of accountants that resemble a rabid dog (i.e. crazy eyes, violent biting, uncontrollable drooling) so that description is certainly believable but she does fall back on the passive nature of a many a beancounter:

She said: “They’d done a few clumps of bins and they’d made no effort to let me past. I felt there should have been an occasion where they acknowledged my presence. “I wasn’t shouting. I never shout at anyone. I avoid confrontation as a general rule. I would have stopped if I had hit someone. It’s just not something that’s in my nature to do, it’s incredulous to me.”

Raging accountant ‘drove her car into bin man who blocked the road’ [MEN]

Chinese Companies Want the Big 4 Magic

“Companies are under pressure from investors to get the best auditor they can,” said Paul Gillis, an accounting professor at Peking University in Beijing. More than 200 Chinese companies are listed on U.S. exchanges, and hundreds more trade on over-the-counter bulletin boards. In the last five months, at least 15 have upgraded to a Big Four auditor — Deloitte, Ernst & Young, PricewaterhouseCoopers or KPMG — from a smaller firm, according to an analysis from Audit Analytics. [Reuters]

Weary Big 4 Auditors Are Invited to Live Out Their ‘What I Really Wanted to Be’ Dreams This Saturday

As busy season trudges along, some of you may be looking for a second wind. For many of you, any chance that you can reach down into your soul and conjure up a little more energy to help you reach the finish line passed with that blown deadline.

However, for anyone on the Isle of Manhattan that is looking for a little pick-me-up this weekend, we’ve been informed that there is a fiesta in the making (invitation art at right) and it invites you to harken for the days when your aspirations weren’t so practical:

My friend is having a party this weekend with what I think is a pretty clever theme. On Saturday, we will be attending “Fuck! We are Auditors (How did that happen)”. Description:

“Have you always dreamed of becoming an Auditor?

If so, this party is not for you. For everyone else, come celebrate the (nearing) end of busy season! The theme of FWAA is to dress up as something you wanted to be when you were a kid. So call up your mom or flip through your diary to see what aspirations you had when you were young. Points (more alcohol) will be given to those who have a very convincing outfit.

So don on a lab coat, leotard, or tiara, bring a little somethin’ somethin’ (alcohol), and come get your drunk on. Feel free to invite other auditor or drab job related friends. Perhaps this theme will inspire other auditors to put their life in perspective and go for it…or just drink more to our unachieved dreams. We obviously don’t mean any disrespect to our jobs (or firm. no need to bite the hand that feeds you) seeing as we just started, but any reason to drink/dress up right? It’s been a long busy season. One down, and god-knows-how-many to go.

And good news, the party-throwers (who wouldn’t share their firm with us) have deemed this all-firms-are-created-equal event, “we’re willing to look past those corporate labels and invite all auditors to party.” Of course if you’re not in the Tri-state area, you’ll have to organize your own dashed-dreams rager but the theme has been set. Cowboy, pro athlete, Miss USA, movie star, whatever you failed to be, you’re invited to pretend for a few awkward hours this weekend. As long as you’re not working of course.

New Wells Fargo CFO: Arachnophobia Is Partially Responsible for Bank’s Success

It boils down to this: if something has less than eight appendages, it’s cool; greater than eight or more is to be avoided.

“Our business is really pretty simple,” Sloan, 50, said in an interview last week at the bank’s San Francisco headquarters. “When you look at the deal and its structure looks like an octopus or a spider, just don’t do it. That kept us out of a lot of things.”

Wells Fargo’s Sloan Avoids Spiders, Octopuses in Rise to CFO [Bloomberg]

How Should an Ex-Big 4 Manager Broach a Possible Return to the Firm with His Boss?

Welcome to the this-ashes-made-me-break-out edition of Accounting Career Emergencies. In today’s edition, a former Big 4 manager wants to pursue a chance to return to this old firm. How does he handle this with his current employer?

Got a question about your career? Do you have an interesting opportunity but not sure if you should pursue it? Need a new nickname for your special, super-secret team? Email us at advice@goingconcern.com and we’ll help you avoid anything lame (or possibly racist).

Back to the Big 4 Boomerang:

Hey Going Concern,

About a year ago, I left Big 4 as an audit manager and now work for a client of my former firm (though not one of mine, Paul Sarbanes and Michael Oxley made sure of that). Lately, I’ve been seriously considering a return to my old Big 4 stomping grounds.

My questions isn’t whether I’m crazy or not, it’s how to handle the issue with my current company. It’s not a slam dunk that I will return to my old firm, but I want to at least pursue it. On the plus side, I have a good relationship with my current boss (we’ve known each other for several years).

If I come clean to my boss but end up staying, that’s a pretty big matzo ball hanging out there. If I reach out to my firm on the sly and leave, I threaten to restart my audit career by angering a client.

Help me Going Concern, you’re my only hope…

Thanks,
The Once and (possibly) Future Auditor

Dear Oa(p)FA,

A Seinfeld and a Star Wars reference? Obviously this is keeping you up at night. I’m on this. Since you’ve made up your mind that you are pursuing a Big 4 boomerang situation, I won’t pass judgment there but knowing a little more about your situation might be helpful. I’ll be making some assumptions in order to help you with your ordeal.

Personally, I’m a “honesty is the best policy” type, so telling your boss about your ambitions is the way to go. It sounds like you’ve got a good relationship with him/her and if you do the march in, drop the news and are gone in two weeks, I feel like you’re torching that bridge. The best thing you can do is explain your reasons for pursuing a return to your Big 4 firm. If it’s because you really miss auditing, I think you need your head examined. If it’s because you think you want to make a run at partner, the odds are against you. If it’s because you think it will better prepare you for a return to an industry for a management position, then you can probably explain this to your boss (assuming he/she is level-headed person); your honesty will be appreciated and your integrity will remain intact.

And if you don’t get the job, what then? Well, that is a bit awkward but if you and your boss have a good relationship and are the only two people aware of the situation (which I recommend), you don’t have to worry about others getting all judgmental on your ass and you’ll eventually get back to business as usual. If your boss knows you well, he/she probably is aware of your long-term career ambitions and knows that a move (regardless of whether it’s a return to your old firm) is inevitable at some point and situations like this will come up occasionally. And if your boss isn’t aware of what you want out of your career, this is a perfect time to start talking about it. May The Force be with you.