I love Peter Henning's suggestion that ex-KPMG partner Scott London was swapping Caddyshack quotes with his golfing buddy. Everyone having few drinks after playing a round inevitably sees someone walk by with a hideous headpiece and says, "When you buy a hat like this I bet you get a free bowl of soup." I think it's a law in Florida that you have to recite that line.
Revenue Is Down For the First Time in 17 Years But at Least Partners Got a Raise at PwC UK
Looks like offshoring and layoffs couldn't save the King's PwC from a revenue slump this year. The firm has just reported revenue of £6.2 billion (approximately $8.28 billion USD), a…
EY Got the Big Pentagon Audit Job
This according to what the Department of War put up yesterday: Ernst & Young LLP, New York, New York, is being awarded a labor-hour contract with a maximum value of…
Chief Operating Officer Punted From the Partnership Post-Audit Scandal Sues KPMG
The former chief operating officer and audit partner who said at a parliamentary hearing last month that she didn't recall stuffing confidential documents in her personal locker is now suing…
Big 4 Climate Activism Has a Pretty Convenient Revenue Stream, Say 16 State AGs in Tedious Letter to Firms
The attorneys general of 16 states have written a long strongly worded letter to Big 4 firms (and CC'd the SEC) warning them that the firms' climate commitments and willingness…
EY Is Rolling Out Nebulous New Rewards
After EY's 2026 compensation and promotions left more than a few EYers feeling shafted, the firm is reaching into its pockets in what it's calling "a bold shift in how…
Friday Footnotes: PwC Bonuses Take a Hit; EY Thinks It Has a Slick Return to Office Trick | 9.18.26
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…
Revenue Is Down For the First Time in 17 Years But at Least Partners Got a Raise at PwC UK
Looks like offshoring and layoffs couldn't save the King's PwC from a revenue slump this year. The firm has just reported revenue of £6.2 billion (approximately $8.28 billion USD), a…
Pentagon Says What If We Just Used GAAP
As you may have already heard, the Pentagon is desperate eager to score a clean audit opinion for the first time in history. In June, Secretary of War Pete Hegseth…
Monday Morning Accounting News Brief: PwC US and PwC India BFF Up; Fake CPA With a Tax Startup Arrested on Her Way to a Cruise | 9.14.26
Morning, y'all. A few things happening today... In this news briefSo We're Getting Double Screwed on GPU Prices Is What You MeanPwC US+PwC India BFFs ForeverCitrin Cooperman Has a New…
Friday Footnotes: KPMG Audits Extremely Lucky For One Polymarket User; Ex-PwC CEO’s Dick Pic Finally Settled | 9.11.26
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…
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…
Audit Leaders Currently in the “Throw AI at the Wall and See What Sticks” Phase
Gartner has released some numbers on AI usage they harvested from audit professionals and the headline figure shouldn't surprise anyone: only 7% of those surveyed report they aren't using AI…
EY’s Latest Data Breach Comes With a Fun New Game: Guess the Client (UPDATE)
Ed. note: This article was originally published on July 23, 2026. It was updated on July 30, 2026. Just as EY was moving on from the 2023 MOVEit data breach…
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…
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…
Twitter Feed
Via @business: "PwC is planning to halve bonuses in Switzerland as the Big Four accounting firm seeks cost cuts in response to artificial intelligence and a challenging economic environment, according to people familiar with the matter."
Deloitte Survey: A Lot of People Are Using Clandestine AI at Work
Pentagon Says What If We Just Used GAAP
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…
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,…
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,…
ANR: KPMG’s Scott London: Leaks ‘started in an effort to help out someone’; ‘It just happened’; ‘Every day since this occurred I’m saying to myself how stupid I am.’ | 04.10.13
"Let me first say that I regret my actions in leaking non-public data to a third party regarding the clients I served for KPMG. Most importantly, and I cannot emphasize this enough, is that KPMG had nothing to do with what I did. The Firm bears no responsibility in this matter. These actions were by my choice and mine only.
Footnotes: Time to Name Audit Partners?; ‘I thought he was a nice guy’; Tax Reform Will Need Closed Doors, Actually | 04.09.13
Herbalife's KPMG Auditor Was a Cheerleader, Too [Bloomberg] Looking for KPMG's Mystery Man [WSJ] "I […]
Would You Rather: Have Part II of PCAOB Inspection Report Released or Find Out an Audit Partner Passed Along Inside Information?
Oh, to be a Big 4 firm these days. Yes, billions of dollars flow in […]
Memo to Any Recently Unemployed KPMG Partners: Gordon Ramsay Could Use Help with His Accounts Payable
I suppose there had to be other things going on today besides KPMG resigning from […]
(UPDATE) KPMG to Resign as Herbalife’s Auditor; Who’s Next? A: Skechers
~ Several updates below including the name of the partner fired by KPMG and statements […]
ANR: KPMG Fires L.A. Partner for Passing Insider Info; Judge Tosses Longtop Fraud Claim Against Deloitte; IRS Giving Free Lunch Getting a Second Look | 04.09.13
KPMG Fires a Senior Partner in an Insider Trading Episode [NYT]KPMG said late Monday night […]
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Footnotes: You Might Be a Tax Cheat If; What’s the Big Deal About Bitcoin?; Ferret Fraud! | 04.08.13
When Buybacks Get Complex, So Does the Accounting [Compliance Week] The Forensic Accountant’s Role in […]
What Is the Code For Watching This Video From PwC Philly’s Oscars Event?
I am beginning to think PwC's Philadelphia office is purposely trying to end up on […]
Social Media’s Ideas for Tax Reform Can’t Be Worse Than Anything That’s Been Kicked Around So Far
Senator Max Baucus (D-MT) and Representative Dave Camp (R-MI) report in a Wall Street Journal […]
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Ernst & Young’s Jim Turley Is the Justin Bieber of Accounting
Do you like your firm's CEO? It's really an odd question. When I worked at […]
Going Concern March Madness: The Busy Season Survival Final — Booze vs. Excel, There Can Be Only One
Finally, the champions of the two Busy Season Survival regions — Food & Bevvie and […]