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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. Here are some things I’m pretty sure are true.

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Monday Morning Accounting News Brief: Big 4 Better Be Ready to Get Regulated Hard; A Firm Playing Hot Potato With a Data Breach | 5.6.24

Going Concern

Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023. Last weekend’s weekend discussion: It’s Mental Health Awareness Month. We’re aware.

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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. That’s it.

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ChatGPT Can Pass the CPA Exam But Here’s What It Can’t Do (Yet)

Going Concern

and we’ve been hearing for at least as long as this website has been alive that AI will all but eliminate accountants. No doubt, as time goes on, AI will get better and more positions may be replaced by AI but do you, the accountant, have to worry about your job? That’s perfectly natural, especially in high-strung accountants.

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