Footnotes is a collection of stories from around the accounting profession curated by actual humans […]
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…
EY GDS Philippines Turns 11, Celebrates By Planning to Hire An Additional 2,000 People
EY's global delivery machine in The Philippines is marking 11 years this month and as a treat, they're apparently adding 2,000 more people to its roster of more than 6,000…
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…
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…
Georgia Accountants Picked a Fight With Hunger and Won
Who wants a bit of good news? Algorithms would have you think the answer is NO ONE but we all know the real answer is EVERYONE. The Georgia Society of…
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…
Monday Morning Accounting News Brief: KPMG Learns It’s Good to Have Friends in High Places; One Step Closer to Robots Taking Over | 10.5.26
Good morning, capital markets servants. Hope you got some rest and are ready to tackle another exciting week of keeping the global financial system chugging along. In this news briefUh…
Friday Footnotes: Deloitte Predicts AI Will Prop Up a Blah Economy; Wait, Hostages Were Racking Up Tax Penalties All This Time? | 10.2.26
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…
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…
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…
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Been thinking about passing along token costs to clients.
We already pass along a lot. LeaseCrunch for the leases we maintain (billed with their audit fees), same for fixed asset software, plus mileage, meals, travel when we're on site etc.
We use an AI based 401k audit
Dear non-tax professionals:
If you use AI to formulate tax questions for your advisor, don't try to hide it. If you ask a hyper-technical question, we are likely to provide a hyper-technical response. You might end up more confused than when you started.
This timeline we live in is highly unserious
Bahahahahahhaah
Georgia Accountants Picked a Fight With Hunger and Won
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,…
From Felon to Firm Owner: A Redemption Story
Scott Scarano is not your typical accounting firm owner. With his hip-hop hats, silver chains, […]
Senior Associates Ask: ‘Why Should I Work So Hard Only to Get Permission to Work Even Harder?’
The Institute of Chartered Accountants in England and Wales has written about the talent shortage, […]
Cryptobros Celebrate the GAO Shooting Down a Sneaky SEC Staff Accounting Bulletin
Call them worthless bureaucrats if you must but the US Government Accountability Office (GAO) just […]
List of the Day: These Are the Firms on the 2023 MOVE Project Best CPA Firms for Women List
The Accounting & Financial Women’s Alliance and Accounting MOVE Project have released their Best Firms […]
Deloitte Auditors Got Caught Changing Their Computer Clocks to Backdate Workpapers
This is not the kind of behavior we expect from our friends in the north! […]
Now That People Are Back in the Office Deodorant Is Making a Comeback
So Fortune says that deodorant is making a big comeback now that companies are pushing return-to-office, […]
EY Launches a Creepy AI Campaign Just in Time For Halloween
Guess this will have to do until the Silent Hill 2 remake comes out. “The […]
This Guy Thinks KPMG Are a Bunch of C U Next Tuesdays
Being ignorant Yanks no one around here knows who Warren Mundine is so before we […]
Monday Morning Accounting News Brief: PwC Picks a Global Chair; Guy Cusses Out KPMG | 10.30.23
Happy spoooooky Monday, here’s some news. Hot off the presses (figuratively). FT reports PwC has […]
Friday Footnotes: IRS Chief Hoping for ‘Financial Sacrifice’; PwC Spin-Off Layoff; KPMG Unites Deals and Other Deals | 10.27.23
Footnotes is a collection of stories from around the accounting profession curated by actual humans […]
Break Out the Violin for the Poor EY UK Partners Taking a Pay Cut This Year
Although EY had “one of the most successful years in the history of the organization […]