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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. Governance Overhauls After Failed Split Ernst & Young is stepping up its U.S. will fall into the sea.

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

Going Concern

Haven’t they been saying for at least ten years now that 95% of accountants will be replaced by 2030? This isn’t much different from a sole proprietor CPA teaching his high school daughter how to enter receipts in Excel to make a little extra cash over the summer. What about one-off vendors?

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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. Campo, CPA, MBA (@ajthecpa1226) October 14, 2022. The IRS has a lot of work ahead related to the Inflation Reduction Act.

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New Tech for Accounting Firms Get Spotlight at 2024 Conferences

CPA Practice

As of this writing, I’m particularly anticipating the CPA Practice Advisor Mashup event at AICPA Engage, where I’ll present a version of Tech Update, which is the motivation for this column. We’ll see applicable AI in Tax, Audit, and Client Accounting Services this year and next.

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eSports Industry Trends

Withum

billion by 2025, and then to almost $4 billion by 2030. Withum Advisory Services and Withum Digital can provide cyber security solutions and controls to ensure gaming integrity, SOC consulting and auditing services to assure investors that such controls are secure, and IT management services to keep those controls in place and functioning.

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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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