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The Parallel Problems of Public Accounting & Major League Baseball

CPA Practice

The season and games are longer today, but beyond that, not much else has changed in more than 120 years of professional baseball. After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball.

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Monday Morning Accounting News Brief: PwC Auditor Hurt; Deloitte Tops a List; EY Writes the Treasury | 8.22.22

Going Concern

PwC is being sued by a 28-year-old auditor who claims he suffered a serious head injury after attending a work event that involved an “excessive” drinking game of pub golf. Public accountants continue to quit, why are they leaving? Firms might try to get you back in the office after Labor Day. Could CBD help you?

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Friday Footnotes: PwC Isn’t Getting a Redemption; Just Say No to NOCLAR; Oh, Layoffs? | 3.15.24

Going Concern

Social compliance audits have become a multibillion-dollar global industry, as corporations hire firms—sometimes confidentially—to perform hundreds of thousands of workplace safety inspections each year and solve potential public relations issues when supply chain or labor matters surface. Seven percent are not sure. Education Sen.

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If You’re Quitting Public Accounting Try Not to Burn Bridges on Your Way Out In Case You Need to Come Crawling Back

Going Concern

Or the former PwC auditor who burned bridges and then pissed all over the bridges to put the fire out. I’ve peeped your game…constantly trying to throw me under the bus. Related article: The Boomerang: Who Says You Can’t Go Back to Public Accounting? Needless to say, he personally wrote my review.

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If You’re Looking For Career Options, Give Government Auditing a Look

Going Concern

Oh no, it’s a whole other game. While starting salaries might appear modest compared to public accounting, the overall compensation package in government roles, when including benefits like health insurance, pension, and generous leave policies (that aren’t disguised as unlimited) are quite attractive.

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

KPMG offered video game training to some employees. After creating a video game character, players “travel” around the globe, answering questions about the firm and earning points for every question answered correctly. Players receive instant feedback and a detailed explanation of questions answered incorrectly.

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The Accountant Shortage is a Material Weakness Now

Going Concern

And here’s their game plan: As an initial step in remediation of this material weakness, we are engaging temporary third-party resources with the appropriate level of knowledge and experience in accounting and internal control matters to complement the existing organizational structure.

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