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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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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: 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. In Australia, PwC has launched an energy transition team , enticing professionals away from several competitors.

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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 UK has new rules about flying business class, says FT : PwC told senior UK staff in October that only people travelling on long-haul night flights or those flying for “business-critical” reasons would be allowed to sit in business class, people familiar with the matter told the Financial Times. Scroll down to point three.

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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

Related to this I suppose, Alaska Public Media did a story on the city of Anchorage having some municipal audit problems : A long overdue financial audit of Anchorage’s bookkeeping may keep the city from getting tens of millions of dollars in grant money. This applies not just to audits but to other services as well.

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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 foundational work does require accuracy, and your job may change to auditing AI-entered data to ensure it’s accurate, and to look for non-routine data that AI is unsure about how to handle or code. What about one-off vendors?

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