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Friday Footnotes: RTO Isn’t Going So Great; KPMG Wins Something; What Auditors? | 5.19.23

Going Concern

While KPMG gained more clients than it lost, Ernst and Young LLP was the only member of the Big Four accounting firms to post positive net new audit fee gains for all of 2022, according to Audit Analytics. More than half of the firms provided full or partial responses, while 17 declined to participate and eight didn’t respond at all.

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Our Obsession with Hours Is Destroying the Accounting Profession

CPA Practice

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.

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AuditClub Advances Mission with Introduction of AuditClub One

CPA Practice

AuditClub, a collaborative “Audit Service Center” for CPA firms and companies, has introduced AuditClub One, a in order to address the talent exodus and pipeline problems prevailing throughout the profession. Accountants are leaving corporations and audit firms in record numbers, as they reevaluate what they want from their careers.

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Friday Footnotes: Know Your Value; Retired EY Partners Complain; ‘Rest For Success’ | 2.3.23

Going Concern

KPMG Canada advised on most mid-market M&A deals in 2022 [ Consulting.ca ] The Big Four accounting and consulting firm supported 55 Canadian transactions in 2022 – outstripping PwC (27) and EY (26), who ranked second and third, respectively. Grant Thornton were auditors until McCann became Ergo’s chairman in 2015.

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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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Monday Morning Accounting News Brief: Details on Grant Thornton’s PE Deal; What Is ‘Presented Fairly’ Anyway? | 5.13.24

Going Concern

’s top accountant is confronting a competitive job market by rethinking the company’s traditional reliance on large CPA firms as a training ground for new hires, taking her recruiting pitch on-campus instead. This will give smaller firms additional time to comply with the new documentation completion deadline.

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Monday Morning Accounting News Brief: EY Partners Banging the Client Again; Turnstile Data Shows Staff DGAF About RTO | 1.29.24

Going Concern

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.

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