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January 28, 2023

When accounting goes unaccounted for

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An Audit Associate at KPMG’s NYC Office Has Died Friday Footnotes: Higher Salaries Lead to Higher Fees; EY Auditors Quit; Senator Rags on Greedy Accounting Firms | 1.27.23 Research: Working From Home Frees Up Two Hours a Week, Time Many People Spend Doing Work If This Person Can Pass the CPA Exam, So Can You EY Germany Gives 40 Partners and 380 Staff the Boot to Boost Profitability After That Whole Wirecard Thing

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Quote of the Day

Did This Deloitte U.K. Partner Unjustly Rip Young Staffers, Or Did He Speak the Truth?

by Jason Bramwell

“Now, if you want to do what you want [with your time] I suggest that you become millionaires, authors or bums. Failing that, I would like to emphasize the rules of the road for scheduling.” — Alexander Curry, partner and U.K. lead of Deloitte’s strategy and business design practice, Monitor Deloitte, in an internal email […]

Audit

The PCAOB Hopes To Check Audit Partner Naming Off Its To Do List This Year

by Adrienne Gonzalez

The PCAOB has plenty to do, not least of which protecting the investing public and making sure those pesky auditors check the right boxes in their pursuit of passable audits. But now we have an idea what, specifically, they're working on through the end of the year. Forgive the screenshot, cutting and pasting from a […]

News

FASB Tries to Simplify GAAP, One Item at a Time

by Adrienne Gonzalez

You will note that a bound copy of GAAP comes in at 7,692 pages (as of 2011). By comparison, the Guinness Book of World Records' thickest book published — Agatha Christie's Miss Marple stories — comes in at 4,032 pages. Knowing this, FASB is attempting to shave off a page or two off the beast […]