The Fog of Bank Accounting Adjustments [DealBook/NYT][D]ebt accounting adjustments may not reflect what is going […]
Breaking News
- 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
- Friday Footnotes: Big 4 Partner Thinks Regulation Is Stupid; KPMGers No Longer Get to Go Home Early on Summer Fridays | 6.5.26
- Everything is Shrinkflating These Days, Even the Number of Elijah Watt Sells Award Winners
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…
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…
Friday Footnotes: Big 4 Partner Thinks Regulation Is Stupid; KPMGers No Longer Get to Go Home Early on Summer Fridays | 6.5.26
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…
Everything is Shrinkflating These Days, Even the Number of Elijah Watt Sells Award Winners
Alternative headline for this article: You're Not Going to Believe This But KPMG Is the Only Big 4 Firm With a 2025 Elijah Watt Sells Award Winner Well they've announced…
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…
Monday Morning Accounting News Brief: Five State Societies Merge Into One Regional; What’s NASBA’s Beef? | 6.1.26
Good morning, capital markets servants. It has now been two years since I jokingly remarked Big 4 firms would be swapping in rainbow logos over the weekend only to find…
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…
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Hope that accountant billed double for having to deal with this on a weekend
Big glass of cold water thrown in my face.
Found an error in our financial projections late last night. Accountant was offline. Asked Claude to model the impact on revenue, cash, and EBITDA.
It gave me a catastrophic answer. And was so damn confident about it.
I legit spiraled
Leave it to accountants to have a conference on a weekend to talk about working smarter, not harder.
Via @TexasTribune: Texas now requires cities to do an audit before raising property taxes. Some small towns can’t afford it.
"KPMG’s UK arm has told staff that they can no longer finish early on Fridays over the summer, in a reversal of a Covid-era policy, according to a spokesperson."
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…
McGladrey’s PCAOB Inspection Report Is Pretty Awful
The PCAOB continues tearing through audit firms like a Texas twister on a random Tuesday […]
Somehow the City of Dixon, Illinois Just Noticed That $30 Million Was Missing
Rita Crundwell has been the CFO/comptroller of Dixon, Illinois since the 1980s; a typical tenure […]
The PCAOB Knows You’re Monkeying Around with Documents
The PCAOB's Director of Enforcement and Investigations, Claudius Modesti, is on to your little game. You […]
PwC’s Prestige Will Take a Backseat to No Firm
On Tuesday, Ernst & Young became the third surprise victor in the Vault Accounting 50; […]
Advice For Getting the Most Out of the Going Concern Tip Box For Complete Idiots
Alright, folks, we have a problem. I'm going to waste precious space here (not to […]
ANR: PwC Partner Throws Staff Under the Bus for Centro Audit Debacle; Change (or Lack Thereof) at Olympus; Florida’s Rent-a-cow Loophole | 04.19.12
Junior employee blamed for Centro's bungled audit [The Age]The PricewaterhouseCoopers partner who presided over Centro's […]
Brits Want to Make Wrist Slaps for Big 4 Auditors Slightly More Uncomfortable
Britain's audit regulator, the Financial Reporting Council's accountancy and actuarial discipline board (AADB), has decided […]
Analysis: PwC’s Open Workspace Etiquette
There's an intrepid story over at the Wall Street Journal from late yesterday that discusses the […]
Superfluous Press Release of the Day: Deloitte Applies for Top Level Domain Name: “.deloitte”
Perhaps I'm wrong about this, but announcing the application for a Top Level Domain seems […]
Prometric Hottie In Herndon, Virginia, This Dude Left You a Missed Connection
Can my future CPAs in Virginia help this loser out? He's trying to mack on […]
ANR: Should the IRS prepare Your Tax Return?; Shulman: Customer Service Could’ve Been Worse; COSO Repackages Judgment | 04.18.12
Let the IRS Do Your Taxes. Really [Bloomberg][T]he U.S. tax code is in dire need […]