Francine McKenna reports on MarketWatch that the Federal Deposit Insurance Corp. stands to collect a […]
Breaking News
- Monday Morning Accounting News Brief: Deloitte Starts the Week With Layoffs; AI Agent Audits Are Here | 10.19.26
- Friday Footnotes: Career Ladder is Out, Career Playground Is In; AI Ranks as Leading Ethical Challenge Facing Accountants | 10.16.26
- KPMG Australia Has Made a List of Things It Probably Should Have Done Already
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…
EY Didn’t Do Too Bad Last Year
Shortly after Deloitte released their 2026 revenue numbers on September 24, EY had some numbers of their own, announcing $57 billion in global revenue last week. Notably, they edged out…
The King’s Deloitte Got Hit With a £6 Million Fine and a Homework Assignment For Questionable Auditing
The Financial Reporting Council announced £6 million (nearly $8 million USD) in sanctions against Deloitte UK today and honestly, this client sounds like a mess. But messy clients are what…
Scandal-Embattled KPMG Australia Hits Up the Global Body to Borrow a Few Bucks
This information comes from Australian Financial Review so it's legit: KPMG Australia is seeking up to $100 million in emergency loans from the firm’s global network as well as a…
Deloitte Saw Another Year of Single-Digit Growth, a Respectable $74.5 Billion in Revenue
It's revenue season! Traditionally Deloitte is first to report and report they have: $74.5 billion in global revenue (unaudited). Last year, the firm was the first Big 4 to cross…
Monday Morning Accounting News Brief: Deloitte Starts the Week With Layoffs; AI Agent Audits Are Here | 10.19.26
Hey. 10/15 is behind us and we're officially a month out from GTA 6, life's good eh? Have a little news as a treat. In this news briefOh Goodie, More…
Friday Footnotes: Career Ladder is Out, Career Playground Is In; AI Ranks as Leading Ethical Challenge Facing Accountants | 10.16.26
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…
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…
EY Didn’t Do Too Bad Last Year
Shortly after Deloitte released their 2026 revenue numbers on September 24, EY had some numbers of their own, announcing $57 billion in global revenue last week. Notably, they edged out…
Monday Morning Accounting News Brief: KPMG Might Be Moving in Chicago; Hope You Like Sales | 10.12.26
Happy Columbus Day to those who celebrate, happy nondescript Federal holiday to everyone else. There are a few things going on today but it goes without saying that this will…
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…
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,…
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…
Bill Gates Proposes a Tokens and Robots Tax
Bill Gates has written a loooong essay on AI covering all sorts of things from potential benefits to immediate concerns. Feel free to read the whole thing if you'd like,…
Firms (and Some Guy Obsessed With China) Have Weighed in on the PCAOB Turning an Eye to AI
The comment period for PCAOB Release No. 2026-005 Request for Public Comment on PCAOB Standard Setting has closed and when all was said and done, it racked up an unremarkable…
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…
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…
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…
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…
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…
Twitter Feed
It's interesting what AI is doing to hourly advising. I do annual one-hour reviews for clients who ask. Recently, a few clients sent 50+ pages of AI-generated reports on their finances, along with a 15-tab AI spreadsheet and 85 AI-generated questions. They deliver all this the
Just got an ad for an AI service that mails postcards and "handwritten-style" letters for you.
What are we doing.
Pounding my head into a table is more enjoyable than trying to understand how to properly navigate AI usage within 7216 as a small tax firm.
Okay, I'll say it. The AICPA and IRS are doing serious damage to tax pros as it relates to AI.
Every day there is another "I'm firing my idiot CPA because my frontier model found an error" post.
There is a lot of good, but dated, legislation governing what your tax pro can send
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,…
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…
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…
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…
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…
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…
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…
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…
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,…
Suspect Someone of Fraud? Give Them a Promotion
The trick to fraud is maintaining control. If you’re siphoning company funds into a bank […]
Accounting News Roundup: Managing Robots; Glass Lewis Knocks KPMG; ‘Crack and Pack’ | 04.05.18
Get Ready for an Exciting Career as a Data Hygienist [Bloomberg] Justin Fox writes about […]
Man Accused of Using Federal Funds to Purchase Plane, Guns, Porn Gonna Keep His Job Because Tax Season
Anyone who’s gone through a single busy season will tell you that there’s no messing […]
More Than 30 Years After Its Debut, Many Controllers Still Head Over Heels for Excel
When Microsoft Corp. released its spreadsheet program, Excel for Windows (Excel 2.0), in late 1987, […]
Accounting News Roundup: Red Tape, Easy IPOs and Creative Accountants | 04.04.18
White House Turf Battle Threatens to Delay Tax Law Rollout [NYT] Last week, we mentioned […]
Excel Is Finally Keeping Up With the Joneses
Two years have passed since I wrote a controversial post about ditching Excel. And as […]
Leave Scott Foster Alone, He Has Accounting To Do
Scott Foster, the accountant-turned-emergency goalie who blocked seven shots in fourteen minutes for the Blackhawks […]
A 2018 Refresh: The CPA Exam User Experience Reno
Along with a series of other 2018 CPA Exam changes that will make the testing […]
Accounting News Roundup: Andersen’s Expansion Plans and Blockchain > Spreadsheets | 04.03.18
Andersen Tax expands globally [AT] Having defeated its hilariously inept French rival over the Andersen […]
Rest Assured, Seekers of Illicit Love, Ernst & Young Has Your Back
Back in 2015, the popular adulterer website Ashley Madison made news when hackers leaked the […]
Accounting News Roundup: PrivatBank Sues PwC and ‘a Chinese jail or Hong Kong jail’ | 04.02.18
Ukrainian bank files $3bn claim against PwC for audit breaches [FT] Ukraine kicked PwC out […]