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Friday Footnotes: The Profession’s Ethics Dilemma; Co-Pilot Called Out in Court For Calculations; Audit Uncovers File Called ‘Twilight Zone’ | 10.18.24

Going Concern

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. Firm Watch Accountancy firm BDO fined €1.3 BDO is going to appeal the decision.

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Tax Fraud Blotter: Prep perps

Accounting Today

Trifilo worked in compliance for several large accounting and finance firms and recently was managing director at a tax firm where he specialized in transaction structuring and advisory service, tax compliance and tax due diligence. million bank-financed loan to purchase a home in D.C. All rights reserved.

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In the blogs: Here to stay

Accounting Today

The IRS has lost almost a third of its auditors to DOGE cuts, and now the DOJs special tax crimes unit is axed. All rights reserved. Here to stay Dont Mess with Taxes ( [link] ): Understated opening of the week: "Its not a particularly good time to be a federal employee looking to ensure tax compliance." New research may indicate an answer.

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Monday Morning Accounting News Brief: The Consulting Firm Going All In on AI; KPMG Finds Out Which Country Is Most AI Illiterate | 6.23.25

Going Concern

Said Journal of Accountancy on Friday : The Senate parliamentarian’s office ruled that a provision in the One Big Beautiful Bill Act to defund the PCAOB and transfer its activities to the SEC isn’t permissible. As you may have heard, the PCAOB’s nervous sweating dried up a bit last week. trillion under the old method.

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Friday Footnotes: Consulting Both Drying Up and Popping Off; Parents Pissed at RSM; IRS Layoffs NBD Says Ex-Commish | 2.28.25

Going Concern

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. The Portland, OR-based private equity firm invested in BRG in 2017.

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Struggle to Retain and Attract Finance and Tax Talent is Peaking, EY Says

CPA Practice

The accounting talent shortage is now at a crisis level within the tax and finance functions, as 70% of CFOs and corporate tax executives say they’re feeling the impact of fewer accountants entering the profession while senior cohorts retire, according to the 2024 EY Tax and Finance Operations Survey. In the U.S.,

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The CPA Shortage Compels Accounting Firms to Embrace Digital Transformation

CPA Practice

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.