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Layoff Watch ’26: Big Cuts Are Coming at KPMG Australia

This just in from Financial Review: KPMG is preparing to cut hundreds of jobs and reduce partner pay by as much as 20 per cent, as the fallout from the…

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Turns Out Firms Don’t Like It When You Offshore Yourself

A man fired from PwC Ireland for working in India when he was supposed to be in Dublin has lost his unfair dismissal case before the Workplace Relations Commission, a…

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Big 4 Firm With AI Quotas Unironically Explains Why AI Quotas Are Such a Terrible Idea in Latest Survey

KPMG has released its AI Quarterly Pulse Survey for Q2 2026 and we're gonna have to be real with you, it's all over the place. Not the survey itself, just…

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EY Consultant Discovers One Weird Trick to Never Work in Banking Again, Or Big 4 For That Matter

Have you ever been tempted to poke around a bit too hard in material that you've been given access to as part of your fancy Big 4 job? Allegedly, 21-year-old…

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KPMG May Have Gotten Big 4 Into Big, Big Trouble in Australia

Just as everyone was starting to chill out a little about the PwC tax scandal in Australia, Deloitte up and scammed the government with an AI report and then KPMG…

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News

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KPMG building exterior, inverted because Australia

Layoff Watch ’26: Big Cuts Are Coming at KPMG Australia

This just in from Financial Review: KPMG is preparing to cut hundreds of jobs and reduce partner pay by as much as 20 per cent, as the fallout from the…

Read More
laptop with India flag on screen

Turns Out Firms Don’t Like It When You Offshore Yourself

A man fired from PwC Ireland for working in India when he was supposed to be in Dublin has lost his unfair dismissal case before the Workplace Relations Commission, a…

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Monday Morning Accounting News Brief: KPMG Lets the PCAOB Know They’re in Some Trouble; Accenture Experiences an “Isolated Matter” | 7.13.26

Good morning, capital markets servants. Did anyone else get their Unown platinum medal over the weekend? Exciting stuff (for nerds)! But we're here to talk about accounting news, not Pokemon.…

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Friday Footnotes: PwC Lays Off in Audit, KPMG Makes Back Office Cuts; AI Company Wants Guidance From the PCAOB | 7.10.26

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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Activist Investor Tells CBIZ They Need More Acquisitions in Their Life

The last we checked in on happenings at CBIZ, we reported some info provided via the tipline that the firm had ended its employee stock purchase program which allowed employees…

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Technology

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invoices in an envelope, hand wearing suit with magnifying glass

Big 4 Firm With AI Quotas Unironically Explains Why AI Quotas Are Such a Terrible Idea in Latest Survey

KPMG has released its AI Quarterly Pulse Survey for Q2 2026 and we're gonna have to be real with you, it's all over the place. Not the survey itself, just…

Read More
phishing graphic, email symbol on a laptop

Beware This Hot New Scam: LinkedIn Job Hunt Takes a Sharp Detour Into Attempted Bank Emptying

Saw this post on r/accounting and while I know some of you feel a certain type of way about using Reddit for "content" it felt important to pass along to…

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In New AI Guidelines, IRS Politely Suggests You Not Make Up Sources Like Deloitte Did

The IRS sent out a bulletin yesterday and we're going to write about it because for once it's not about tedious tax stuff that our audience doesn't have the patience…

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Deloitte Made the Creepy Digital Librarian From The Time Machine But For Golf

Have you seen the 2002 movie The Time Machine? If you haven't then the reference in the headline isn't going to make a lick of sense. Lucky for you YouTube…

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KPMG Redefines Excellence in the Age of AI By Using AI to Pump Out Dubious Citations in This Now-Removed Report

GPTZero, the folks who brought you this glorious takedown of an EY Canada report stuffed with completely made up sources, are back at it again and this time they've caught…

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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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remote accountants to hire

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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an office trash can with paper

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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Deloitte Closes Reno Office, Employees Not Totally Munsoned*

Thumbnail image for Reno.jpgDeloitte is closing its Reno office, according to the Reno Gazette-Journal. The firm isn’t letting any of the eighteen employees go, rather they will either work from home or at client locations.

Bad news is that we wouldn’t expect the community colleges in the Reno area to get any attention any time soon and if you’re looking to get in on some free donuts, law enforcement is probably your best option.

Deloitte firm closing Reno office [Reno Gazette-Journal]

*We’re not sure this is necessary but whatevs.

Problem of the Day: Your Staff Makes the Same Money As You (Maybe More)

money.jpgApparently it’s happening, people. With several firms freezing pay for this fiscal year, some already hinting at an additional freeze for fiscal year 2010, and with less fewer offers being made on campus, it’s not outside the realm of possibility that the new associate nearly has the same salary as you.
It goes without saying that this is a contentious issue amongst the staff and it can be made worse if it is known to exist between members of the same team.
If you’ve been busting your ass for the last two to three years and seen very little appreciation in the form of merit increases and suddenly the new associate walks in making virtually the same as you, your motivation may evaporate on all fronts.
From a staff perspective, no new associate, no matter how virtuous will ever ask, “Is that what a senior associate makes? I wouldn’t be comfortable making that much without any experience.” Nice thought but not gonna happen. Firms will claim that they have to keep salaries competitive in order to win the best talent and may even encourage it in order to foster the “competitive environment”.
So discuss how prevalent this is on your team, in your office, or at your firm. Is there any good solution here? We’re talking about money, so there has to be some opinions.

Trend of D-List Celebrities Abusing Accountants Likely to Continue

Thumbnail image for mark_paul_gosselaar_int.jpgIn a major win for D-List celebrities being able to treat regular people like animals, Kerry Katona, who reportedly punched her accountant and threw tea on him, has had the charges against her dropped, according to several reports.

Katona, who’s fame is still a mystery to us, will not face charges and will likely continue to enjoy the ability to abuse shiesty accountants until they are afforded protection under hate crime status.

This is troubling news as global economic conditions continue to stagnate, Mark-Paul Gosselaar-types here in America will likely remain out of work since the masses will only tolerate entertainment from the C-List and up.

The rest of the D-List community will no doubt take this dismissal of charges as a cue that regardless of where they fall on the fame hierarchy, their celebrity status will ensure that they are always right about everything. Including their dire financial situation and how they ARE NOT broke and the IRS cannot be right and everything will be fine just as soon as they catch a break.

No charges for Kerry Katona over accountant attack [Accountancy Age]

Katona escapes charges over alleged assault [AFP]

Preliminary Analytics | 10.12.09

stanford1.jpgStanford wins ruling in battle over fraud case defence – Court ruled that Stan can use proceeds from a corporate insurance policy to pay for his defense. Can we get on with the circus trial now, please? [FT]
A Case Pitting Spin Against Fraud – “How far can Wall Street firms go to put a positive spin on bad news?” Used car salesmen should probably pay attention. [WSJ]
BofA urged to seek external chief executive – Big institutional investors want fresh blood and not the next KL. [FT]
Citi fined amid tax crackdown – $600k for derivatives that were partly designed to avoid taxes is supposedly going to scare other banks into compliance. [FT]
Iceland Shrinks 8% as Prices Increase 11% in Deepest Recession – “The stock market has lost 97 percent of its value, and more than 780 companies have buckled under the weight of foreign currency loans as the krona plunged.” So, that’s not good. [Bloomberg]
Improving your credit vs paying down debt – Americans can’t win. [Felix Salmon/Reuters]

GC Weekend: We’re with You in Spirit

Thumbnail image for exhausted.jpgWe’re not going to pretend like there aren’t people working today. With a major deadline just four days away we’re sure some of you have had to watch your favorite gridiron match ups or playoff baseball courtesy of some piss-poor “real-time” updates. We’re sorry. That sucks
But hey, since you’re in the office, semi-concentrated on work, you might as well take a short survey that’s going to help us learn more about you and give you a chance to tell us what you like and dislike about GC.
And you’ll have a chance to win a $100 AMEX gift certificate so that could make working this weekend all worthwhile.
Okay, we apologize for that. Thanks for participating.

Review Comments | 10.09.09

BDO-logo-print.gifGC October Survey – A chance for a $100 AMEX gift certificate people. Get on it.
$100 million settlement for bankrupt Phila. lender – American Business Financial Services is bankrupt. Now the trustee wants BDO to pay $962 million. Ouch. [Philadelphia Inquirer]
Internal Audit Staff Hit Hard by Recession [Web CPA]
Corporate bully of the day: Hertz – Audit Integrity called out Hertz. Hertz sues Audit Integrity. That’s mature. [Felix Salmon/Reuters]
FASB Finalizes New Revenue Recognition Rules – Yes, the wait is over. [Compliance Week]
Tax Consequences of President Obama’s Nobel Prize [TaxProf Blog]

Obvious Sign of Fraud: You’re Having Sex with the Client

distraction.jpgIn case you young auditors thought you needed to have highly acute senses to detect fraud at your clients, you’re dead wrong.
Best thing you can do is immediately become skeptical if you find yourself trying to figure out the best posish for the client’s office supply room:
More, after the jump

“These auditors from the Big Four accounting firms are usually single kids just a few years out of school. What do kids in their 20s think about all the time? Sex,” said [Sam] Antar, who was at the center of a multi-million dollar fraud 20 years ago.
So Antar would pair “cute hot female” employees with male auditors as part of his distraction strategy. “In effect, I was a fraudster, matchmaker and pimp,” said Antar, who avoided jail time by working with the U.S. government, and now advises government agencies and businesses on avoiding accounting fraud.

As we’ve covered, the opportunities for accountants to get some action can be few and far between so this strategy makes perfect sense.
This will put many of you in a very difficult situation. We really wish the best for all you of in the getting laid department especially when it involves someone that would ordinarily be way out of your league.
But you may have to decide: Do you uncover the next diabolical Ponzi scheme or do you totally cave to the irresistible charms of the guy that looks way too much like Chace Crawford?
Who would it take for you to overlook a few million in misappropriated funds? Discuss in the comments.
Financial fraud — accounting for criminals [CNN]

The CPA Exam: It’s Too Late Now

Thumbnail image for Thumbnail image for panic.jpgIt’s October which means CPA exam candidates have about 7 weeks left to sneak in one more exam part before the end of the year. If you’re like most candidates, you blew off this entire year with excuses or got disappointed by failing scores early in the year and haven’t given the exam much thought since. Well you better start because you’ve got about 1,248 hours until the final window of the year is closed.
Sometimes procrastination pays off but in this instance, the exam will never get easier and you’ll never get through it if you keep putting it off.
Continued, after the jump


Typical prep time for the sections is as follows*:
BEC – 64 hours
AUD – 80 hours
REG – 96 hours
FAR – 132 hours
With 1,248 hours remaining until the December blackout, you should easily be able to fit in FAR, right? Wrong. If you’re working fulltime, lets just take out 50 hours a week, leaving you with 898 hours. But you’ve got to sleep, right? So if you get 6 hours a night, that leaves 580 hours. Well hell, you could prepare for two sections in that time, couldn’t you?
Not so much. Do you think you’re the only one who waited until the last minute?
The lesson for next year? Schedule early. Chances are if you’re trying to fit in one more section before the end of the year, you will not be able to sit at the Prometric test center of your choice, or may not be able to get the time/date that you desire. Well, that sucks for you, so hopefully you remember that for next time.
If you don’t start studying now, you’ve probably blown it for the year and should just wait for the first window of 2010. Remember the CPA exam isn’t like college, you can’t just stay over-caffeinated for a weekend and cram everything in that you need. Think of the information like a fine wine, it’s got to ferment in your brain to be useful come test day. Your brain learns best in layers anyway and without the foundation, you’re going to get tricked by the easiest MCQ simply because you don’t have the background on each concept.
Otherwise it will be November before you know it and you won’t have cracked a single CPA Review book between now and then. Trust me on this one, kids, start early and start slow. I’m trying to help you.
*Time based on video lectures and AICPA recommendation of 2 – 3 hours of self-study MCQ/sims for every hour of lecture but we’re sure you’re all Einsteins when it comes to this stuff so it’s probably less.

Job of the Week: Lions Club International May Even Let the Gents Grow Out Their Manes

hire me2.jpgThe lion. King of the jungle. They’ve even got a club. Sorry, there’s no liger club. We checked.
Lions club needs an accountant. A CPA even. This could be you.
Details after the jump.


Company: Lions Club International
Location: Chicago
Description: This position provides overall accounting and financial support to our Foundation.
Responsibilities: Compiling and analyzing financial information; account reconciliations, report generation and the preparation of financial presentations for upper management; preparation of budgets and forecasts, preparation of supporting schedules for annual reports, Form 990 and related state tax filings. Supervises one staff member. Ideal candidate will have experience in general accounting with tax exposure.
Skills Required: Bachelor’s degree; 3+ years accounting experience (public accounting experience preferred); CPA preferred
See the full description at the GC Career Center and a gig with a non-profit organization named after an animal doesn’t get you excited, go to the main page and find your next temporary dream job.

CPAs Rank #6 for Best Jobs in America

Thumbnail image for Thumbnail image for accountant.jpgDon’t have enough corporate magazine lists in your life? Didn’t think so. CNN/Money’s Best Jobs in America dropped this morning and lo and behold, CPAs come in at #6.
Seem high? Maybe. CPAs did only receive grades of ‘C’ on “Benefits to Society” (you don’t keep people from dying) and “Low Stress” (‘C’ seems generous).
Also, CPAs only rank in the top ten in “Flexibility” but still managed to sneak into the top ten overall.
Continued, after the jump


Dubious, right? Money still makes their case:

Businesses began stocking the payroll with CPAs after major accounting scandals earlier this decade, and a host of new corporate accounting rules going into effect soon should ratchet up demand further.
Government agencies are also hiring CPAs, to monitor how well companies are complying with the new regs. Add inevitable changes to personal income tax rules and you have a pretty recession-proof profession.
“Unless Congress does away with taxes, we’ll always have work,” says CPA Lisa Featherngill of Winston-Salem, N.C. Some 33,000 independent CPAs also work for themselves, typically as tax preparers.

Debunk:
1. Scandals early in the decade? What about present scandals? Lotta good hiring all those CPAs did.
2. Remind us which agencies are doing a bang up job keeping companies in line with regulations?
3. Oh, and regardless of the certainty of taxes, this happens.
Maybe we’re overreacting. Perhaps they’re pointing out that if you’ve got a CPA, that gives you options (get crackin’ non-CPAs). Regardless of what Grant Thornton’s latest survey says.
So, if you’re a CPA and you’re happy, clap your hands. And discuss the list and why (or why not) being a CPA kicks so much ass.
Best Jobs in America [CNN/Money]