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Monday Morning Accounting News Brief: Blaming PwC’s Bro Culture; How Do We Do Office Professional Now? | 10.2.23

Going Concern

The AICPA has released a quality management practice aid , Establishing and Maintaining a System of Quality Management for a CPA Firm’s Accounting and Auditing Practice , and it is available in versions for sole practitioners and for small- and medium-sized firms. 1, A Firm’s System of Quality Management.

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Private Equity 2023 Year-in-Review and 2024 Outlook: Clearer Skies Emerge for Private Equity Amidst Challenges

Cherry Bekaert

Some industry segments, such as technology and professional services, showed promise while others, including energy and healthcare, exceeded expectations. Since TowerBrook’s investment into EisnerAmper, the first in the public accounting sector, other private equity firms have followed suit. More guidance on this is forthcoming.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

“The uncertainty of the marketplace remains a challenge for firms across the globe,” explained David Kessler, CEO of New York City-based CohnReznick. But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.