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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

‘There is no work to balance’: how shrinking budgets, Covid and AI shook up life in consulting : Andrew* is a 63-year-old partner in a small consultancy in England who finds himself with too much free time and too little cash. More than the number, auditors are exiting big names, which used to be a rarity.

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There Are 340,000 Fewer Accountants—and Companies Are Paying the Price

CPA Practice

While it’s unclear what exactly led to the mistakes in each of these cases, one major risk factor has reached crisis levels: a shortage of certified public accountants. The lack of help means current accountants’ hours and workloads can be grueling, upping the odds of mistakes and burnout. “If

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Monday Morning Accounting News Brief: Deloitte Goes Big in Boston; Advisory Readies For Pain | 7.10.23

Going Concern

Other leading accounting firms such as New York-based Deloitte and Ernst & Young also reported upticks in their Chicago headcounts. The firm’s junior auditors have been told that the pay band for one cohort would be frozen while others would increase by just 3pc or 6pc. New to Crain’s top 25 is New York-based KPMG. Guess what?

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Talent-Strapped Down Under Deloitte and EY Are Importing Staff

Going Concern

We all know outsourcing is big these days — accounting firms might be sending a third of their work overseas and some seniors are overseeing an entire team of offshore associates — but what about insourcing ? Safe to say accounting firms are fighting each other for any skilled data analysts they can get their hands on. “In

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Friday Footnotes: XOXO, Accountants; PwC Wants Tax Cuts; KPMG Stacks Partners | 7.1.22

Going Concern

Accountants are voted the best kissers in Britain ahead of doctors and nurses while civil servants, bankers and lawyers are rated as the worst [ Daily Mail ] Often ridiculed as boring beancounters, accountants have surprisingly been voted the best kissers – ahead of doctors, nurses and engineers.

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Early-career hires are set to account for the majority of job losses in some teams, as Deloitte retrenches following a slowdown in demand. Welsh said. Here’s how it landed on a 4.5-day

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The value of audit certification and what it means for tax firms

ThomsonReuters

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co.,

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