Unable to Bill For It (Yet), PwC Australia Tells Staff They Can’t Use ChatGPT For Client Work
Hate to be the burster of bubbles for anyone out there excited to unload your work on ChatGPT but PwC Australia has told its people that for now, playing around with AI should happen strictly off the clock. Australian Financial Review reports that in this morning’s internal newsletter, PwCers were told not to feed client […]
Warning to Auditors: The PCAOB Is Coming For Dat Ass
PCAOB Chair Erica Williams had some strong words for guardians of capital markets in remarks she made (virtually) at the Council of Institutional Investors (CII) Fall Conference on September 22: “[T]his Board is approaching enforcement with a renewed vigilance.” She said: As our strategic plan makes clear, this Board is approaching enforcement with a renewed […]
If the AICPA Offers You a Career In Accounting, Just Say No
With the AICPA making filling the CPA pipeline one of their 2022 primary strategic initiatives (see page 11 of the 2021 AICPA Trends report for the full list of pipeline-filling activities they will be going hard on this year), I thought now might be a good time to dust off the ol’ 1980s D.A.R.E. programming […]
Loyal Grunt Gets Canned From ‘Unnamed’ Big 4, Proceeds to Write This Literal F*ck You to the Firm
The other day, an obviously jaded individual wrote a moving post on r/accounting about his or her experience in the meat grinder that is public accounting. I knew as soon as I read it that the post itself was not long for this world, so of course I grabbed screenshots. I’m glad I did, as […]
Somehow People Are Still Falling for Stupid IRS Scams
You're sitting there minding your business when you see a Washington, DC number ringing your cell. No, it's not me calling (you wish). When you pick up, a scary man who sounds more like a disgruntled Indian call center worker than an IRS agent begins threatening you with jail if you don't pay what you […]
Grant Thornton Warns Alumni the Sky is Falling
We wish we could tell you why Grant Thornton sent out this email to their alumni list today, unfortunately we don't have any clue. Not even crazy speculation barely rooted in reality. Even our tipster, who presumably receives odd emails from Grant Thornton regularly as a member of the esteemed Grant Thornton alumni email list, […]
PCAOB Issues Staff Audit Alert on Auditing Revenue Because Auditors Suck at Auditing Revenue
The PCAOB would like to see auditors get better at a lot of things; showing their work, testing controls, auditing in general. In particular, they would like to see auditors get better at auditing revenue because revenue is so dang important to the big picture here, people. "Revenue is one of the largest accounts in […]
Miserable Auditor Warns Those Who Wish to Follow Him
The Going Concern tip box is a dumping ground for information of great consequence and trifling tidbits; advice solicitations and fond (or not so fond) farewells; rants and raves. And every so often we get messages that seek to provoke existential questions to those who seek to follow in their footsteps. Like this one: […]
Georgia Man Discovers IRS Wasn’t Joking About the Possibility of His Fake Treasury Bond, Fraudulent Tax Return, Bogus Refund Landing Him in Jail
If you are currently thinking about engaging in any tax fraud, you should know that if the IRS is gracious enough to inform you that your actions — like, say, claiming ownership of a treasury bond that it is most likely fake and requesting a large, bogus refund — could result in prison time, calling […]