Going Concern

MARCH 15, 2024

EY’s new boss shuffles leadership roles and plans cost cuts [ Financial Times ] EY’s new boss Janet Truncale has set out her leadership team for the Big Four accounting firm, moving an architect of its failed split from his executive role and signalling plans to cut costs across the global firm.

auditor 106

auditor audit cpas Iowa 106

Going Concern

FEBRUARY 3, 2023

Big 4 EY considers handing retired US partners cut of proceeds from spin-off [ Financial Times ] EY has told retired US partners it is considering giving them a cut of the proceeds from a spin-off of its consulting arm, after complaints that the firm’s leadership is cashing in on a business built by previous generations. Ha ha,” he chuckles.

cpas 106

cpas quickbooks accounting and finance North Carolina 106

Going Concern

AUGUST 12, 2022

Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. Cordes, EA (@cordes_tax) August 11, 2022. Get rid of them.

auditor 94

auditor Account accountant accounted 94

Going Concern

JANUARY 12, 2024

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. Tingo paid $1.6

audit 94

audit auditor Illinois CPA 94

CPA Practice

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself. Senior associates work 256.

Account 136

Account accountant accounted Education 136

Going Concern

MAY 13, 2024

Sabrina Sanders, AT&T’s chief accounting officer, is targeting graduate students for the company’s two-year-old, in-house training program. The bulk of the work on the behavioral health contract, which was signed in June 2022, went to “business analysts” earning $280 per hour. EY Canada has named a new Chair and CEO.

Oregon 74

Oregon Account accountant accounted 74

CPA Practice

MAY 11, 2023

Accounting firms have faced a volatile profession in the past year as teams struggled with burnout while staff shortages increased, regulatory changes caught firms off guard – increasing compliance and security concerns – and tax laws became increasingly more confusing for clients and CPAs alike. By James Paille, CPP.

Account 119

Account accountant accounted payroll 119

CPA Practice

MARCH 21, 2023

On average, about one-third of audit senior associates and one-fourth of audit directors and managers voluntarily left a Big 4 firm in 2022. AuditClub provides CPA firms and companies convenient access to its talented U.S.-based

auditor 52

auditor cpas audit cpa firm 52

CPA Practice

NOVEMBER 13, 2023

Top 50 accounting firm Cohen & Co. will be entering the Buffalo market when a deal to acquire Szymkowiak & Associates CPAs and its sister firm PEAR Consultants closes next month. Kristine Bly, in partnership with Szymkowiak, founded PEAR in 2022. after the deal becomes final.

CPA 110

CPA tax consultant auditor audit 110

Going Concern

FEBRUARY 23, 2024

While a significant reversal from last year is seen in income increases (48% noted decreases in 2022), the report reveals a decline in individual contributions. Despite receiving the completed and accurate tax returns from the accounting firm, Patrick did not file them with the IRS.

CPA 95

CPA Illinois auditor Iowa 95

Going Concern

MARCH 1, 2024

Mr Collins’ disclosure about the Tax Practitioners Board investigation into his activities while at PwC in his November 2022 resignation email should have triggered a process at CA ANZ that flagged his membership and prevented him from resigning before the body investigated. Regulator Says [ Wall Street Journal ] Several U.S.

audit 102

audit Nebraska auditor chartered accountant 102

Going Concern

FEBRUARY 12, 2024

With young people opting for higher-paying fields out of college, Gonzalez said that lots of accounting firms just can’t take on a lot of new business. How did one American firm gain 20 net new auditor engagements? EY and KPMG have 294 and 169 CPAs in their local offices, respectively.

auditor 70

auditor Account accountant accounted 70

Going Concern

MARCH 22, 2024

In an exclusive interview with Fenlon, UNLEASH gets the inside track to discover how PwC – which generated a whopping US$50 bn in 2022 – is preparing for the future. She made general manager at 29 with a CPA [ eFinancialCareers ] Many young professionals begin to eye managerial posts as they approach their 30s – but Shanny Lee (CPA, Aust.)

Minnesota 90

Minnesota cpas audit CPA 90

Going Concern

APRIL 29, 2022

4 Ways CPAs Can Explain the Tax Benefits of Direct Indexing to Clients [ Parametric ] Let’s unpack what CPAs should know about direct indexing from a tax perspective—and explore some unique and effective methods for explaining it to your clients. Less work for EY auditors? Aiden (@CPAiden1) April 29, 2022.

auditor 52

auditor audit Account accountant 52

Going Concern

FEBRUARY 16, 2024

The Conflict Surrounding Work-Life Balance in Public Accounting Firms [ CPA Journal ] For years, the public accounting sector has been characterized by high employee turnover. In the past few decades, public accounting firms have implemented work-life balance practices as part of their attempts to curb excessive turnover.

Real Estate 101

Real Estate Iowa audit CPA 101

Going Concern

NOVEMBER 11, 2022

There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. The Big Four accounting firms are even reaching out to high school students to share that message and creating more flexible work environments, Lansford says.

audit 84

audit auditor Louisiana cpas 84

Going Concern

SEPTEMBER 29, 2023

by u/Altruistic-Bee-6372 in CPA Office Space PwC looks to exit Downtown for office in West San Jose [ The Real Deal ] Downtown San Jose has one more business casualty that could head west: PwC. The accounting and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E.

auditor 98

auditor audit New York CPA 98

Going Concern

APRIL 15, 2022

There is another way of putting this: Accounting is a profession whose brand has not been diluted. For example, the AICPA’s idea of expanding its membership by opening the certified in financial forensics (CFF) certification to non-CPAs runs counter to the exclusivity of the CPA brand. The consultation runs until May 26.

accounting firms 52

accounting firms audit Account accountant 52

Going Concern

JANUARY 5, 2024

Big 4 Big Four Reshape Consulting Workforce, Strategy With Rare Layoffs [ Bloomberg Tax ] The Big Four accounting firms have leaned into their tech advisory work and data analytics services—areas ripe for revenue growth—as interest rates and the artificial intelligence boom reshaped demand for consulting services. Happy trails, Tom!

tax return 103

tax return Virginia accounting and finance audit 103

Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory.

audit 103

audit cpas auditor Mississippi 103

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? We set a record in 2022. This Board set a goal to strengthen PCAOB enforcement, and we are doing just that.

CPA 94

CPA auditor Tax audit 94

Going Concern

NOVEMBER 13, 2023

EY’s forthcoming PCAOB deficiency rate sucks harder than its competitors : EY aims to shake up US audit business after ‘unacceptable’ number of flaws The PCAOB had examined 54 audits carried out by EY US in 2022 for its latest round of inspections and found flaws in 46 per cent of them, the firm said. uptick from June 2022.

Texas 57

Texas CPA auditor Account 57

Going Concern

JANUARY 29, 2024

In the column he referenced this ancient document (August 1993) entitled “The case for non-CPA owners in CPA firms.” Do firms want non-CPAs to be part of the ownership ranks, or is this strictly a rhetorical question? Tupperware hired the Big Four auditor on Jan. Let’s read a little bit.

auditor 52

auditor cpa firm Account accountant 52

Going Concern

DECEMBER 9, 2022

Clown World (@ClownWorld_) December 8, 2022. Firm Watch. Grant Thornton merges two Orlando offices as firm continues to grow in Florida [ Grant Thornton ]. Baker Tilly Shops for US Law Firm as Big Four Expand Services [ Bloomberg Tax ]. Early evidence suggests the accountants’ objections were wide of the mark.

CPA 83

CPA Florida auditor audit 83

Going Concern

NOVEMBER 25, 2022

The Financial Reporting Council’s Audit Quality team has issued a notice of a proposed sanction on Deloitte, proposing a regulatory penalty of £440k after it was determined that the Big Four firm failed to comply with the auditing framework in its audit of a listed company’s 2018 financial statements. Ron Guzior, BST & Co.

audit 88

audit Account accountant accounted 88

Going Concern

APRIL 20, 2022

Accounting graduates trended downward in the 2019–2020 academic year, with decreases of 2.8% The 2019 Trends report revealed an interesting shift in accounting industry hiring trends: 31% of new hires at accounting firms were non-accounting graduates. of new hires are non-accounting grads. Doctorate: 39.

Account 52

Account accountant accounted CPA 52

Going Concern

MAY 26, 2023

The accounting firm is embroiled in a national scandal over its use of confidential information about proposed tax laws to drum up business. million to federal political parties from July 2012 to June 2022, and when KPMG ($1.1 Marcum had audited Riot’s consolidated financial statements for the fiscal years between 2018 and 2022.

public accounting 82

public accounting Account accountant accounted 82

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. Ernst & Young Wants to Be ‘The Best on Earth at Ethereum’ Says Firm’s Blockchain Lead [ Decrypt ]. Firm Watch.

Non-Profits 93

Non-Profits audit auditor public accounting 93

Going Concern

MARCH 11, 2024

We’ll be doing an article shortly, in the meantime here are some quotes from INSIDE Public Accounting : Bob Cedergren, MNCPA board chair added, “I can tell you from my own experience, through conversations with colleagues throughout the country and the members of the MNCPA, that we have a significant shortage of CPAs.

audit 62

audit Minnesota Account accountant 62

Going Concern

DECEMBER 23, 2022

Welcome to the last Footnotes of 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. Deloitte Receives Multiple Honors at the International Innovation Awards 2022 [ PR Newswire ].

Tax 82

Tax auditor audit tax return 82

CPA Practice

SEPTEMBER 5, 2023

AICPA News is a roundup of recent announcements from the American Institute of Certified Public Accountants. The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S.

audit 59

audit cpas auditor accounting principles 59

Going Concern

JUNE 2, 2023

ChatGPT Offers CPAs ‘Superpowers’ Deloitte’s Ucuzoglu Says [ Bloomberg Tax ] “The use cases are breathtaking: They will fundamentally alter the profession,” said Deloitte Global CEO Joe Ucuzoglu, addressing a University of Southern California financial reporting conference on Thursday. . has merged with the firm.

cpas 92

cpas audit auditor E-commerce 92

Going Concern

APRIL 5, 2024

Private Equity Why private-equity investors see a target-rich environment in Chicago’s accounting biz [ Crain’s Chicago Business ] Isn’t “target-rich environment” what Overwatch’s Soldier 76 says when he pops his ult and proceeds to melt the entire enemy team? Borgers has worked with Trump Media since 2022.

auditor 80

auditor audit Oklahoma CPA 80

Going Concern

SEPTEMBER 22, 2023

“The job security and the ability to have a comfortable life motivated me at first,” said Khokhar, who served as a senior accountant at two construction firms and senior auditor at an accounting firm. A greater percentage of accountants are leaving the profession later in their careers now than in years past.

Account 113

Account accountant accounted CPA 113

Going Concern

MAY 28, 2024

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

audit Hospitality Account accountant 67

Going Concern

MARCH 8, 2024

One-time PCAOB, KPMG Exec Gets Her Fraud Convictions Thrown Out [ Bloomberg Law ] Another former KPMG LLP executive’s convictions have been vacated in the wake of a 2022 Second Circuit decision limiting the scope of the federal wire fraud statute. Big News Scroll down for regular-sized news. KPMG has built up a large business auditing U.S.

audit 73

audit auditor New York Legal 73

Going Concern

DECEMBER 5, 2022

In an article for CoinDesk , Francine McKenna took a crack at why the FTX debacle happened, and like she always does when there ’s really bad accounting at a company going through a financial crisis, who are/were the auditors: It’s not clear why FTX commissioned two different audit firms to audit its 2020 and 2021 financial statements.

audit 52

audit auditor financial statements public accounting 52