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Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Shout-out to NPR for continuing to stay on top of the accounting shortage. Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. Find it, and other ICPAS insights, here.

audit 101
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Weak Christmas sales leading to concern for UK retailers

Menzies

Menzies LLP - A leading chartered accountancy firm. For retailers, a close eye should be kept on sales data as well as whether it is becoming more difficult to pay run-of-the-mill expenses such as salaries, rent and loan repayments. Recognise the warning signs early!

Retail 59
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Professor Accuses Professional Accountant Body of Hoarding Fines Like Smaug Hoards Gold

Going Concern

It appears the Institute of Chartered Accountants in England and Wales (ICAEW) has finally pushed Sheffield University’s Richard Murphy over the edge. The Professor of Accounting Practice at Sheffield’s Management School issued a new report chastising the group for hoarding funds. In 2019, the FRC fined PwC £4.55

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Menzies Deal Alert: Menzies assist on the sale of CM Research

Menzies

Menzies LLP - A leading chartered accountancy firm. Our Corporate Finance Team with legal advisers Weightmans LLP , recently advised the shareholders of CM Research Ltd, on the sale of the business to US PE backed Kynetec, for an undisclosed sum.

Sales 52
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Deal Alert: Menzies LLP advises on the sale of Artic Building Services Ltd

Menzies

Menzies LLP - A leading chartered accountancy firm. Our Corporate Finance team recently advised Artic Building Services Ltd during its sale to Rockpool backed technical services business, Mecsia Group. Menzies tax specialists also provided advice to the Senior Management team and assisted with structuring the deal.

Sales 52
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Deal Alert: Menzies assists on the sale of AutoLogic systems

Menzies

Menzies LLP - A leading chartered accountancy firm. Our Corporate Finance Team recently advised the senior management team of AutoLogic Systems on the sale of the business to Routeco Group, for an undisclosed sum.

Sales 52
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A comprehensive guide to choosing software for your E-commerce business

Menzies

Menzies LLP - A leading chartered accountancy firm. Email marketing Building and nurturing customer relationships is key to driving sales and fostering loyalty. By monitoring key performance indicators and tracking sales trends, you can optimise marketing efforts and maximise profitability.