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Marcum Merges in Pennsylvania CPA Firm McCarthy & Co.

CPA Practice

Top 20 accounting firm Marcum said on Monday that it has combined with Blue Bell, PA-based CPA firm McCarthy & Company, in a deal that closed on June 1. Founded in 1967, McCarthy was a full-service tax and accounting firm serving the construction, real estate, healthcare, transportation, and logistics sectors.

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Number of the Day: $839,687

CPA Practice

Equity partner compensation at the top 100 accounting firms (excluding the Big Four) was $839,687 in 2023, up from $620,936 in 2019, according to data from INSIDE Public Accounting (IPA). Non-equity partner compensation was $307,579 in 2023 versus $275,318 in 2019.

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Monday Morning Accounting News Brief: Messing with Texas Costs EY $3 Million; CPA Says Blame Yourself, Not Your CPA | 11.13.23

Going Concern

EY was the subject of a Securities and Exchange Commission (SEC) order that included a number of professionals licensed as Texas CPAs who were found to have cheated on ethics exams and on a variety of other examinations required to maintain their Texas CPA licenses. It’s the auditor’s fault, right? It’s you again.