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Monday Morning Accounting News Brief: Consulting Pay Freezes; AI, Audit, and You; KPMG Mega Merger? | 11.6.23

Going Concern

The tax and audit practice, through affiliate BSR & Co, will be excluded from the merged entity and could be made into a separate entity, though that is still under discussion, the people said requesting anonymity. In 2018, Veritas Capital, which invests in businesses at the intersection of government and technology, acquired the U.S.

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Ensuring Climate ESG Auditing Excellence: How Your Trusted Accounting Partner Makes the Difference

Withum

Now, regulations, investors and other stakeholders want companies to prove their ESG and climate information is accurate and reliable through audits and assurance. This experience puts them at the top of most companies’ list when considering a firm to perform the third-party audit of their ESG and climate reporting.

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Monday Morning Accounting News Brief: Every Day Is Fools’ Day For Some Accounting Employers; McKinsey Now Paying People to Leave | 4.1.24

Going Concern

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.

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Monday Morning Accounting News Brief: Pissed Off Wipfli Employee Got the Office Shut Down; New PwC Flight Rules | 12.11.23

Going Concern

PwC has pledged to cut emissions from its operations to net zero by 2030. Business travel remains PwC UK’s single-largest source of carbon pollution, with flying accounting for more than two-thirds of the firm’s emissions in 2022. The impact of the audit mandates on the average wage within the audit occupation, however, is negative.

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Monday Morning Accounting News Brief: The Diversity-est Big 4 Firm; An EY Record; PCAOB Stream | 10.17.22

Going Concern

32 leading industry commentators, CEOs, CFOs and board members from across the world have contributed their views on the future of financial services for KPMG’s Voices on 2030: Financial Services reinvented report. The Malawi Accountant General’s office suddenly has at least 17 job vacancies. Reminder: FloQast is hiring.

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RSM’s Global Revenue Reaches Record High of $9.4 Billion in 2023

CPA Practice

Powered by our 2030 Global Strategy—Taking Charge of Change—RSM has worked collaboratively as a global organization more than ever before to innovate and better serve clients across borders,” RSM International CEO Jean Stephens said in a statement. Global revenue for accounting and audit services rose by 13% to $3.6

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Ethical Concerns in Using Tax Planning Software

CTP

Artificial intelligence in accounting software is bringing new ethical challenges for professionals, their clients, and the public at large. A recent report by Acumen Research found that accounting professionals spent $1.5 This requires the application of methods of accounting and selections of an allowable tax year.