article thumbnail

Friday Footnotes: New Managers Share Wisdom; KPMG Praised??; PwC Creeps Leave | 7.22.22

Going Concern

EY’s UK arm drafts in Rothschild as $80bn break-up looms [ Sky News ] The British arm of EY, the accountancy firm, has drafted in one of the City’s top investment banks to advise on an impending $80bn break-up that will shake up the global accountancy profession. percent) and administration (7.8

article thumbnail

Tuesday Morning Accounting News Brief: CPA Numbers Are Abysmal; PwC Blocked Government Inquiry | 5.30.23

Going Concern

FT dropped this over the weekend : Candidate numbers for US accountancy exams drop to lowest in 17 years New figures from the American Institute of Certified Public Accountants showed the shortage of CPA candidates that has plagued the profession in recent years worsened in 2022, dashing hopes for a quick rebound from the pandemic.

CPA 80
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Earlier: The CPA Credential and the Profession Are in a Race For Relevance, Says ICPAS CEO Todd Shapiro (October 2021) UK audit firms are asleep at the wheel according to a new report.

audit 92
article thumbnail

Tuesday Morning Accounting News Brief: A New Kind of Audit Quality Report; Merger Mania; Skilled Talent, Not Newbies | 5.28.24

Going Concern

The local news in Cincinnati covered this strategic move : One of Greater Cincinnati’s largest accounting firms is being acquired by an Indianapolis company. Blue Ash-based tax, advisory and audit firm Cassady Schiller CPAs & Advisors will become part of Katz, Sapper & Miller in a transaction that will be completed May 31.

audit 67
article thumbnail

As CPA Canada’s Collaboration Accord Fails to Collaborate, Who Gets the Profession’s Credibility in the Divorce?

Going Concern

On June 20 of this year , CPA Ontario, the regulatory body responsible for overseeing Chartered Professional Accountants and accounting firms in Ontario, provided notice of intent to conclude its current arrangement with the national CPA Canada body. note: that’s their PCAOB]. [Ed.

CPA 57
article thumbnail

Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

World-wide, startups making AI-powered accounting software amassed $233.3 million in funding for all of 2021, according to research provider PitchBook Data Inc. KPMG has gone above and beyond my expectations of a Big 4 accounting firm because of their attention they give their employees.

Account 52
article thumbnail

AICPA News – June 2023

CPA Practice

Coalition Calls Attention to New Beneficial Ownership Information Reporting Requirements The American Institute of CPAs (AICPA) recently joined a coalition of organizations that have come together to make taxpayers and practitioners aware of the new Beneficial Ownership Information (BOI) reporting requirement.