Researchers Shockingly Discover That If You Pay Low Level Grunts More, They Do Better Financial Reporting
A new working paper from Stanford Graduate School of Business professors Christopher Armstrong, John Kepler, and David Larcker, and Shawn Shi, Ph.D. ’23, of the University of Washington’s Foster School of Business has found a connection between how well low-ranking accountants are paid and the quality of their work. This is a new area for […]
Former Client Cockblocks the EY Split to Make Sure They Get the $2.7 Billion They’re Suing EY For
While it appears the EY split is going off the rails, despite assurances to the contrary from people who stand to make many millions of dollars from it, one former client — or rather, the client’s administrators as the client burned to the ground three years ago — is not satisfied with letting the drama […]
Baker Tilly Banks on Celebrity Endorsements to Bring in Young Talent
In case you didn’t notice because who cares, Baker Tilly has engaged the help of filmmaker and adventurer Jimmy Chin and teenage tennis star Coco Gauff to brighten up the Baker Tilly name and recruit the youfs to this exciting accounting firm. Said Coco Gauff at gunpoint in a press release about the partnership: “I […]
The Five Benefits Employees Want Most (Other Than Money) in 2023 According to ‘Experts’
The following article was in a recent CPA Letter Daily sandwiched between a JofA piece on how Latino CPAs found strength in numbers (pun intended?) through the ALPFA and BPM transformation officer Lindsay Stevenson talking about remote work and change fatigue on the JofA podcast. Like many articles in this vein, this Bloomberg piece encourages […]
EYers Are Waking Up to Overdrafts This Morning Due to a Serious Payroll Snafu (UPDATED)
We’re learning this morning that folks at EY will not be getting lunchtime DoorDash today, their paychecks from last Friday have been unceremoniously yeeted from their bank accounts. Per a tipster: There’s a payroll snafu of some sort at EY and seems just about everyone had their payroll reversed. Mass panic and overdrafts. And a […]
Compensation Watch ’22: EYers Should Expect Raises to Hit Their Bank Accounts Come August
EY sent out a very ambitious, repetitive email to its loyal US grunts yesterday that can be summed up in one short statement: here’s some money so you people stop complaining. Will it be enough to stop the bleeding at this particular Big 4 firm and keep warm bodies in their chairs? Time will tell. […]
Paying People More Will Not Win the Talent War, Says PwC India Leader Adamantly Opposed to Paying People More
From the moment ‘Generation Y’ entered the workforce at the turn of the century, the business leaders, politicians, and academics who came before us have been suffering from endless anguish over our alleged lack of loyalty and our pesky desire to find fulfillment in life beyond work. Many of us watched our parents give their […]
Actually, the IRS Wants You to Pay Taxes on Any Bodily Fluids or Future Children You Sell
This one has the potential to be a real gamechanger for college students, homeless alcoholics, and non-smoking 21 – 30 year old intelligent Jewish women everywhere: To Nichelle Perez, the $20,000 she received for donating her eggs for fertility treatments was a tax-exempt payment for pain and suffering. Not so, said the U.S. Internal Revenue […]
Help, My Friend at EY Makes More Money Than I Do at KPMG
You could go ahead and substitute any firm for any other firm here, but for this particular reader question, it’s KPMG v EY. Let’s make a little popcorn and see what’s going on: Hello, I hope you’re well. Â So about a month ago, I heard that EY gave second round raises to the entire West […]