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Friday Footnotes: No Foolin’ Here; 18,000 New Accounting Jobs; Skills Auditors Need NOW to Be Future-Ready | 4.1.22

Going Concern

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. public companies more than doubled in 2020, according to the 2021 U.S.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

Williams made the following statement today at a virtual press conference: Since 2021, the PCAOB has sanctioned nine registered firms for exam cheating. Accounting jobs are in high demand—many pay over $100,000 and can be done from home [ CNBC ] Didn’t they write this same article a few months ago?

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Friday Footnotes: KPMG Is Twice as Bad as Other Firms; Upskill or Die; Hella M&A | 10.21.22

Going Concern

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. It’s been more than one year now.”

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You’re wrong, Elon! Home working isn’t morally wrong – especially for accountants 

Accounting Insight

As we’re focusing on accountancy, lets crunch the numbers. There are over 1,099,751 accountants in USA alone, and with certain publications advocating a change in role every 1-3 years , there will frequently be accountancy jobs up for grabs across the pond.

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GAAPWEB 2023 Salary Survey

Accounting Insight

Salary Changes by Job Title Increases to average salaries were reported across a broad range of finance and accountancy job titles, including many entry level jobs and junior finance roles. Bonuses In 2023, 51% of our respondents received a bonus, with 41% of those being a 3-5% supplement to their salary.

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Guide to accountant responsibilities

ThomsonReuters

Additionally, depending on the type of firm, accountants may be involved in more advisory-centric responsibilities, such as analyzing financial data and providing clients with strategic guidance and recommendations on how to reduce costs and boost profitability.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Last year, the median salary for full-time entry-level accounting jobs was roughly $62,500, up from about $50,000 in 2020, according to Handshake data. This might be good.

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