Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Mr. Day will begin his new duties at the FASB this July. Louis, Missouri.

Minnesota 92

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Going Concern

JANUARY 13, 2023

A group representing minority shareholders on Friday filed a complaint with Brazil’s securities regulator against Americanas SA after the retailer uncovered “accounting inconsistencies” totaling 20 billion reais ($3.89 Trump’s Company Gets Maximum Punishment for Evading Taxes [ New York Times ].

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Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Monday Morning News Brief will be published Tuesday. The Monday Morning News Brief will be published Tuesday. Check out this week’s top remote accounting candidates.

Account 100

Account accountant accounted audit 100

Going Concern

JULY 1, 2022

Accountants are voted the best kissers in Britain ahead of doctors and nurses while civil servants, bankers and lawyers are rated as the worst [ Daily Mail ] Often ridiculed as boring beancounters, accountants have surprisingly been voted the best kissers – ahead of doctors, nurses and engineers.

Tax 57

Tax Account accountant accounted 57

Going Concern

JANUARY 2, 2023

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. The FASB’s record breaking year for the past two decades took place in 2010 with 29 new standards issued.

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Going Concern

OCTOBER 1, 2022

Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after the accountancy firm enjoyed another successful year. KPMG junior in Carillion forgery case should have questioned orders, tribunal says [ Financial News ]. Firm Watch.

Non-Profits 94

Non-Profits audit auditor public accounting 94

Going Concern

DECEMBER 23, 2022

We will be out of office next week but have scheduled some things to run while we’re gone for those individuals who are severely addicted to accounting shitposts and simply cannot go without. Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed. Current rules don’t require this.

Tax 83

Tax auditor audit tax return 83

Going Concern

MARCH 4, 2022

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? Meanwhile on Twitter, our friend Sam Antar is still roasting the KPMG auditors (well, technically Peat Marwick) who let the Crazy Eddie fraud slip through their horny little fingers: Two hookers and an auditor.

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Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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