September 24, 2022

BNY Mellon

If the Economy Gets Any Worse You Can Always Find a Promising Career In Snitching

Browsing our stats on any given day, I can’t help but notice how many people arrive at this website by Googling “careers after public accounting” or some variation of such. “Fuck public accounting” is also a popular one, I can’t possibly imagine why. Given the current economic environment, we’ve seen an uptick in searches of […]

KPMG Doesn’t Think It Should Have to Pay a $16 Million Fine For Screwing Up BNY Mellon Compliance Reports

Our favorite four-letter Big 4 firm is in danger of having to pay an eight-digit fine in the U.K. for dropping the ball on making sure Bank of New York Mellon complied with rules on keeping client assets safe. From Bloomberg: Accounting giant KPMG should be fined 12.5 million pounds ($15.9 million) or more for […]

BNY Mellon Client Asset Reports Were Seriously Bungled by KPMG, U.K. Watchdog Says

Oh jeez, KPMG U.K. is in trouble again with the Financial Reporting Council. Per Reuters: KPMG and one of its partners have admitted to serious failings in compliance reports for Bank of New York Mellon, Britain’s accountancy watchdog said, potentially leading to heavy fines as the auditor comes under unprecedented scrutiny. The Financial Reporting Council […]