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November 26, 2022

Government

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The SEC’s Attrition Rate is Up But Is It Worse Than Public Accounting’s?

Answer: nope. POLITICO: The SEC has seen attrition rates jump from 5.4 percent in fiscal year 2021 to an estimated 6.4 percent in 2022 — the highest in a decade, according to the report, which began circulating late last week. The SEC is not unique in seeing employees depart. Attrition rates across the federal government […]

Anyone Looking Forward to a Highly Militarized IRS SWAT Team is Going to Be Sorely Disappointed

Because the IRS SWAT team memes your crazy aunt Kathy is spreading on Facebook are getting out of control, the AICPA has stepped forward to clarify: no, there will not be 87,000 armed IRS agents deployed to bang down the doors of American taxpayers. From the Journal of Accountancy: Reaction to increased funding for IRS […]

Some Guy Quit His Job at Baker Tilly and Left the City of Palo Alto, CA Without a City Auditor

Here’s one for you. The city of Palo Alto, CA is looking for a new city auditor after its last one, Kyle O’Rourke, resigned from his role at Baker Tilly on August 15. MP Vicki Hellenbrand informed the city about the resignation two days later. O’Rourke, a principal at the firm, has been serving the […]

Hoping Everyone Has Forgotten About All the Scandals, KPMG UK Is Bidding for Government Contracts Again

Late last year KPMG UK decided to stop bidding for government contracts for a bit while they worked out some scandals, piss poor audit quality, and client collapses. Well, it wasn’t so much that they decided but rather that the government threatened them and told them to get their shit together or they’d be banned […]

KPMG Gives the Department of Homeland Security a Clean Audit Opinion Because of Course They Did

Now, we won't go so far as to imply that KPMG auditors preferred not to end up on the Do Not Fly List (might make their job a bit tough were that to happen), but we will say does anyone want to be the firm that gives Homeland Security a qualified opinion? The description in […]