If You Let 23-Year-Olds Sign Off on Audits, You’re Gonna Have a Bad Time
On January 24, short seller Hindenburg Research dropped a report called Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History, in which Hindenburg accuses Indian conglomerate Adani Group of engaging in “a brazen stock manipulation and accounting fraud scheme over the course of decades,” among other things. A […]
EY Reports a Rise in Naughty Behavior Now That People Have Returned to the Office
EY Oceania has released its second Value Realised Scorecard — a wide-ranging report on how the firm is doing — and Daily Mail Australia immediately latched on to page 33: Workplace Incidents: DM’s salacious headline “EY rocked by soaring number of sexual misconduct and bullying complaints as big four accounting firm workers return to the […]
Audit Partners and MDs Work Much, Much Harder Than Everyone Else at PwC
Saw this in PwC’s 2022 Audit Quality Report and wanted to get the peanut gallery’s opinion on this math: My first thought is imagine how much worse these numbers would be if you people didn’t eat as many hours as you do. Though judging by this, you’re getting much better at it. Thoughts? Concerns? Outrage? […]
Deloitte Shares Unique Data on How Many Bullies and Perverts Used to Work for Them
Deloitte Australia has disclosed stats on workplace misconduct and revealed how many people got punted as a result of internal investigations reports Australian Financial Review: Deloitte has investigated 145 misconduct allegations over the past year and found more than half, or 80, were substantiated, leading to 20 employees being “exited” from the consulting firm. The […]
Outgoing Deloitte CEO Cathy Engelbert Is Going to Be Commissioner of the WNBA
For those of us wondering what Cathy Engelbert is going to do next once her term as Deloitte CEO ends next month, it looks like we have our answer. The WNBA announced today that it has hired Engelbert to be the league’s first-ever commissioner. She will take over on July 17, NBA Commissioner Adam Silver […]
Report: Millennials Are More Stressed Out Than the Baby Boomers They Stress Out
Millennials are leading the nation in stress according to a survey by the American Psychological Association. Fusion reports: The group’s annual Stress in America report found that millennials, which they defined as individuals aged 18-35, reported an average stress level of 5.5, compared with 5.4 for Gen X, 4.5 for Baby Boomers and 3.5 for […]
Which Big 4 Firm Makes More From Consulting Than Audit and Tax Combined?
Did you wake up this morning and think "gee, I really would love to know how much Big 4 firms make from consulting as share of overall revenue!" Boy, are you in luck. A recent report called Cheques and the City by the non-partisan but totally hater-y High Pay Centre looks at the top accounting […]
PwC Report Declares a Future Free From Nine-to-Five Work
The article we're talking about today is entitled "PwC report predicts death of nine-to-five" but that's not exactly what PwC predicted: The traditional nine-to-five office environment could soon become a thing of the past according to a new report by PwC: ‘The future of work: A journey to 2022’. The research reveals that only 14% […]
Master’s in Accounting Grads Becoming More Popular With Employers
According to the latest AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (2013), demand for accounting grads is up. But we knew that. Also according to the report, demand for accounting grads with master's degrees is up. We knew that as well but did we know just […]
BREAKING: Rich People Make the Most of Tax Breaks
I'm shocked. Shocked, I tell you: Tax breaks will cost the American treasury nearly a trillion dollars this year. And most of that money goes to people at the top of the heap — the very top. That's the conclusion of a new study by the Congressional Budget Office, a non-partisan unit of the U.S. […]
Is There Really a Shortage of Entry Level Accountants?
There is if you believe this post by Buffalo Business First (subscription, sorry): Freed Maxick CPAs P.C. is the region’s largest accounting firm. It has continued to hire new graduates every year since the recession, but lately there seems to be a “talent shortage” for entry-level positions, said recruiting director Shawn Frier. “People are just […]
New IRS Employees Don’t Always Have Someone to Show Them the Ropes
As you know, the primary purpose of Treasury Inspector General for Tax Administration (aka TIGTA) in the enormous fuckshow of our federal bureaucracy is to tell the IRS how awful they are at life. Yep! If there's any chance of IRS the sucking at something, TIGTA has likely investigated and issued a report about it. E-filing isn't […]
Report: The Best Time to Leave Public Accounting Is Within 3 – 6 Years
Though most of us consider the 2 year mark the perfect time to leave public accounting (it would be 3 or 4 if CPA licensure rules required that much experience, surely), a new report from Minneapolis-based recruiting outfit Coenen Brothers suggests that the real sweet spot is somewhere between three and six years. “During those […]
Bright Ideas: The New Jersey Society of CPAs Is Peddling a Comprehensive Compensation Report
Can I preface this post by saying I absolutely LOVE this idea? I'm not sure how many other state societies are on board with this but they need to get their butts in gear and follow the lead of NJ stat if they aren't. With the economic recovery moving forward, the New Jersey Society of […]
KPMG Decides Not to Publish the Green Energy Report That Pissed the Green Folks Off
Meanwhile, across the pond: KPMG is refusing to publish the full findings of a controversial study examining the cost of the government's green energy policies, which was originally used as a basis for a series of media reports attacking the cost of renewable energy. The preliminary findings of the report, dubbed Thinking about the Affordable, […]
Toronto Protesters Have Some Choice Words for KPMG
Remember the cost cutting report that the KPMG presented to the City of Toronto? The one that said they should consider closing a few zoos, let the grass grow for an extra week and let the snow accumulate a few more inches before you they break the shovels out (despite the risk of more cracked tailbone lawsuits)? Of course you do. Yeah, well, some people aren’t crazy about it and figured camping out in front of the House of Klynveld with signs and a microphone seemed like a pretty good idea:
That’s right – Inhuman, bean counting purveyors of human misery and social retrogression. – I don’t even think I’ve heard Francine McKenna state something that incendiary.