EY’s Work on This One Bank Project Was So Bad They Had to Refund the Client
Apologies in advance to that one guy in the comments who always accuses us of being mean to EY for no reason. Not our fault they end up in the headlines for stuff worth making fun of. It appears the ever talkative “people familiar with the matter” blabbed recently to Financial Times about an EY […]
Save the Date: National ‘Leave Your Accountant the F*ck Alone’ Day is This Friday
I said I would so here we are. Making a note of this so we can officially make this a thing on September 15, 2023 https://t.co/IFf9YuULIe — Going Concern (@going_concern) September 16, 2022 Pass it on (to clients).
Just Be Glad You Didn’t Have FTX As a Client
Not long after the November collapse of crypto exchange FTX one of the first questions asked was, naturally, “where were the auditors?” (Francine McKenna answers that question here on CoinDesk) In the weeks that followed the FTX implosion, firms that once bragged about their crypto practices quietly shuttered them and walked away and the once […]
Busy Season Problems: You Deducted What?, Dumbest Conference Idea Ever, Clients Taking Ls
It occurred to me the other day as I was setting up my bullet journal spreads for next month that it is almost April. How’d that happen? As I was casually drawing out colorful little calendar boxes, checklists, and doodles without a care in the world I remembered that there are a good number of […]
4 Ways PBC Management Makes Busy Season Less Sucky
For CPAs, accountants, and auditors, busy season sucks. The stress can take a serious toll on your personal life, your relationships, and even your health. That’s because it’s hard to find time for things like diet, exercise, and those pesky “other people in your life” when you’re busy reconciling the list of outstanding client requests […]
Big Clients Bitch to Big 4 Firms About Audit Fees, Get Pissy About Partner Pay
Across the pond, audit fees are up (22% in four years) and apparently the companies paying these fees are unhappy about it. Financial Times has seen a letter written from CFOs at FTSE 100 companies in the UK to their Big 4 auditors that says “[it is] difficult for us to sit quietly as Big […]
Busy Season Problems: Sunday Funday, Lost Tax Documents, In Need of Super Powers
We are officially one week away until our tax pro friends complete the long, arduous first leg of busy season. And based on all the extensions they are filing for procrastinating clients, the second leg of busy season, which wraps up this year on Oct. 17, might be just as crazy. Let’s take a look […]
#TaxTwitter Has Absolutely Had It With Clients’ Sh*t
The last time we checked in on #TaxTwitter, they were bravely forging ahead toward October 15 deadlines. While I was combing through Twitter last week looking for tweets to include in Friday Footnotes, I noticed a theme: ragging on clients. It seems many practitioners are raising fees these days, and who can blame them? I […]
How Is #TaxTwitter Holding Up Before the Oct. 15 Deadline?
About as well as you’d expect: I realized I forgot to file an extension for my brother’s return how is everyone else doing today — Lorilyn Wilson, CPA (@LorilynWilson) October 14, 2021 Got up yesterday at 7:30am. What time did I go to bed? I'll let you know when that happens. Yep, this tax season […]
Today’s Trivia: Time Spent Checking For Stupid Mistakes Made By Clients
Q: How many hours in a week do accountants waste by manually checking client data for errors? a. Two hours b. Four hours c. Ten hours d. Twenty hours A: While it might seem like you guys are spending 20 hours or more each week during busy season dealing with bad data from clients and […]
Clients Have Absolutely Had It With You Having the Nerve to Skip Lunch
There truly is no limit to the things clients will get pissed about. At least one of them is out here getting mad because his auditors clearly want to spend as little time as possible on this engagement and get the hell out of there. Auditors Skipping Lunch from r/Accounting OP sounds mad af, I […]
‘Big R’ Restatements Are Quite the Thing For PwC Audit Clients
All the Tesla haters are having a field day with this on Twitter. The Wall Street Journal reported today: [PwC] has had a streak of accounting problems surface recently at U.S. companies it audits, including an uptick in high-profile restatements. Its clients account for three of the five biggest restatements so far this year, measured […]
Tax Professionals: Tell Us the Lame Last-minute Excuses Clients Are Giving You on This Extended Filing Deadline Day
It's circa 4:30 pm on the extended filing deadline day for trust, partnership, corporation, and S-corp tax returns and that means there some piss-poor excuses being thrown your way by your most forgetful and slovenly clients who STILL aren't ready to file. Back in April, if clients were behind on getting their books up to […]