SEC Fines Friedman For Piss-Poor Auditing So They Remember to Exercise Professional Skepticism Next Time
Last week the Securities and Exchange Commission charged Friedman LLP with with improper professional conduct for failing to comply with the standards of the Public Company Accounting Oversight Board while conducting audits of two public companies from 2017 through 2020. Friedman has agreed to settle the charges and will pay approximately $1.5 million in total […]
Rumor Mill: Two Top 35 Accounting Firms (One In the Top 15) Are In Merger Talks (UPDATE: Friedman and Marcum Merger Official)
[UPDATE on May 3] The news we broke last week (scroll down) came to fruition today, as the merger between Friedman and Marcum is now official. Here is the press release from Marcum: Leading national accounting and advisory firms Marcum LLP (“Marcum”) and Friedman LLP (“Friedman”) today announced that they are in advanced discussions related to a […]
Layoff Watch ’20: Friedman Cut a Bunch of People Loose
[Updated with additional information.] Remember that article we posted last week about layoffs? You know, the one about that recent Fishbowl survey that revealed 41% of accountants believe job cuts will happen at their firm because of the COVID-19 pandemic? Unfortunately that became a reality on March 26 for more than 50 people who worked […]
Let’s Revel in These Bitter 1-Star Reviews of Accounting Firms
I mentioned the Vault Accounting 50 yesterday, and even though we don’t pore over the listings like we used to, there’s still one part of them that we haven’t tired of yet: bitter 1-star reviews of accounting firms. So yes, I dug through the 1-star reviews of a few dozen accounting firms for an hour […]