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Breaking News
- Friday Footnotes: Great, KPMG Got the Whole Big 4 in Trouble; Pentagon Brings in Agentic AI to Address Their Audit Problems | 6.12.26
- Crowe Told Its People Private Equity Might Be Coming So They Didn’t Have to Find Out Through a WSJ Article (UPDATE)
- The One Firm Willing to Audit Madison County’s Books Just Said “On Second Thought, Hell Nah”
FRC To Determine Whether Missing a £30 Million Overstatement Was, In Fact, Bad Auditing
The Financial Reporting Council announced today that they're officially investigating PwC UK's 2024 audit of WH Smith which means fines and hand-slaps are likely forthcoming once that gets wrapped up.…
Compensation Watch ’26: Deloitte Salary Numbers Are Out and Some People Are Salty
Compensation threads were once a yearly tradition here at Going Concern many, many, many years ago but at some point Reddit took over the task so we've swung over there…
The Department of War Broke Up with KPMG, KPMG Gives Up Federal Audits Altogether (UPDATED)
This post was originally published on April 29, 2026 and updated on June 3, 2026. Update below the original article text. The other day -- and by the other day…
KPMGers Are Maliciously Complying With The Firm’s AI Usage Requirements By Generating Fluff
On May 4, Business Insider published an article about KPMG's new AI dashboard. They've been publishing several articles in recent weeks about KPMG's AI initiatives actually, like the tax simulation…
CPA Exam Bonuses Get Bigger at PwC
Guess we need to update the PwC Chad graphic with that stupid new logo huh. Gahhhh we got a tip about this last week and didn't get around to publishing…
Friday Footnotes: Great, KPMG Got the Whole Big 4 in Trouble; Pentagon Brings in Agentic AI to Address Their Audit Problems | 6.12.26
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…
Crowe Told Its People Private Equity Might Be Coming So They Didn’t Have to Find Out Through a WSJ Article (UPDATE)
Ed. note: This article was originally published on October 9, 2025. It was updated on June 12, 2026 after WSJ published an exclusive article announcing a private equity deal. Update…
The One Firm Willing to Audit Madison County’s Books Just Said “On Second Thought, Hell Nah”
All across the country, municipalities are scrambling to catch up on late audits that have been backing up for years and dealing with the disastrous financial records that come with…
It Appears Baker Tilly Bought a 103-Year-Old Firm Just to Get a Better Address
So this is interesting, depending on how interested you are in the happenings of PE-backed top ten US accounting firms. Baker Tilly announced this morning that they're acquiring Anchin, Block…
Monday Morning Accounting News Brief: What’s KPMG Got to Do With the NBA Finals; PCAOB Chairman Is Just One of the Guys | 6.8.26
Hey. I dug up some news to start your week. In this news briefHey Knicks Fans, Know Your KPMG HistoryAI Compute Taxes: The Hot New DebateVolunteer Tax Prep Loses a…
KPMGers Are Maliciously Complying With The Firm’s AI Usage Requirements By Generating Fluff
On May 4, Business Insider published an article about KPMG's new AI dashboard. They've been publishing several articles in recent weeks about KPMG's AI initiatives actually, like the tax simulation…
Starbucks Kills Off Its Automated Counting AI Tool After Just 9 Months Because It Sucked at Counting Beans
While people outside of the accounting profession continue to smugly insist that accountants will be out of work in 12 months 18 months two years five years any day now…
EY Gets Busted and Yeets Cybersecurity Report Littered With AI Hallucinations
Yesterday we received a news release from a communications firm working for a group called GPTZero. Now you should know that we receive probably a hundred or more news releases…
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…
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…
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…
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…
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…
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…
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…
Twitter Feed
The One Firm Willing to Audit Madison County’s Books Just Said “On Second Thought, Hell Nah”
Baker Tilly announced it is acquiring Anchin (IPA Top 100 #50, $151 million in revenue) and will be relocating BT HQ from Chicago to NYC.
"PE will push AI harder than Peter Thiel at a robot sex convention," said one displeased Anchin employee.
FRC To Determine Whether Missing a £30 Million Overstatement Was, In Fact, Bad Auditing
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…
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,…
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,…
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…
Accounting News Roundup: Apple’s Irish Star; Lots of Support for Special Prosecutor in IRS Scandal; Virginia’s Sheep Tax | 05.30.13
The US/China audit deal: will it work? [FT]Signing the MOU (which can be terminated by […]
Footnotes: Tim Cook: ‘Gut the code’; AICPA’s New Forensic Certificate; California Bill Could End Tax Breaks for Boy Scouts | 05.29.13
Some tax bloggers put their names on amicus briefs opposing the IRS' effort to regulate […]
Deal Between PCAOB, Chinese Is a Lose-Lose Situation
Yes, the PCAOB got a lousy deal by putting Jim Doty's name on the Memo […]
Deloitte Is the Audit Firm That Has Had the Most Trouble in China… By Far
Cruising around el Twittero this morning, we came across something interesting shared by Francine McKenna: […]
Going Concern Contributor Is a Suspect in a $60 Fraud Case
Ed. note: We welcome back Greg Kyte after a brief post-April 15th vacation. He'll join […]
Accounting News Roundup: Scott London Agrees to Plead Guilty; Business Stands Up for Corporate Interest Deduction; The NFL’s Tax-exempt Status | 05.29.13
Ex-KPMG Partner to Admit Fraud [AP]A former partner at the accounting firm KPMG agreed on […]
Uncategorized
Footnotes: A Lot of Laundered Money; We Need More Rich People; Apple’s Tax Strategy Brings Out the Trolls | 05.28.13
The Secret Service busted an alleged $6 billion money laundering dealie-o called, ironically enough, "Liberty […]
Deloitte’s 2012 PCAOB Inspection Report Shows That the Firm Is Less Awful at Auditing Than It Used to Be
The PCAOB news is not letting up. Today, the Board released the 2012 inspection report […]
Deloitte Suggests SEC Call the PCAOB If It Wants Those Longtop Documents
Last Friday, the PCAOB announced it had reached Memorandum of Understanding on Enforcement Cooperation with […]
Protip for CPA Candidates: Don’t Schedule an Exam the Day After Memorial Day
Over the years, we (and by “we” I mean “Adrienne”) have dispensed a lot of […]
Promotion Watch ’13: Here’s the Ernst & Young Americas Partner Class for 2013
Welcome back, capital market servants. Hopefully you achieved some combination of suntan/burn, hangover, and meat […]