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June 1, 2023

When accounting goes unaccounted for

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Promotion Watch ’23: EY Promotes 966 to Partner, Missing Last Year’s Record of 1033 Kill the Audit Industry, Says Ex-Auditor KPMG Gets Sued, Accused of Allowing Pirate-Like Activity at Credit Suisse Promotion Watch ’23: The Baker Tilly Partner Bench Is Now 44 People Deeper House Speaker Kevin McCarthy Celebrates Defunding the Agents the IRS Wasn’t Gonna Be Able to Hire Anyway

damn technology

smart-people-accountant-shortage
Technology

Is There a Smart Person Shortage?

by Megan Lewczyk

A thought to ponder: Is our technology getting too smart? Are we going to run out of enough smart people to wrangle it? After writing about quantum computing last week, I started imagining the number of physicists that would need to be on-call at Geek Squad. We’d have to dig up Albert Einstein’s body and […]

How a Thunderstorm Fried a Prometric Location’s Computers and Ruined One CPA Candidate’s Day

by Adrienne Gonzalez

Oh lookie here, we have ANOTHER sad Prometric story. This time, nature made it far more dramatic than it had to be; however, Prometric obviously did not have a plan in place to A) prevent such a catastrophe and B) clean it up after the fact. I am still soliciting Prometric horror stories (they don't […]

CFOs

Ex-CFO of Taylor, Bean, & Whitaker Faces Up to Ten Years Without PeiWei

by Caleb Newquist

The Department of Justice trumpeted the guilty plea of Delton de Armas, the former CFO of Taylor, Bean, & Whitaker Mortgage Corp. today, marking the 8th conviction in the TBW fraud case. Assistant Attorney General Lanny Breuer seemed pleased in the DOJ press release: “As TBW’s chief financial officer, Mr. de Armas concealed a massive […]