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Your Firm and Your AI Future

CPA Practice

Rise of AI-powered Accounting Tools : We expect to see a significant increase in AI-powered accounting tools designed to automate tedious tasks, streamline workflows, and improve accuracy. Source: [link] Enhanced Financial Reporting and Auditing : AI will improve financial reporting and auditing processes.

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Friday Footnotes: KPMG Is Twice as Bad as Other Firms; Upskill or Die; Hella M&A | 10.21.22

Going Concern

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. Accounting Firm Mergers.

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Friday Footnotes: Where the Audit Jobs Are; Big BDO Hires; A New Gig For PwC Alum | 9.9.22

Going Concern

Although New York, Texas, and California dominated the number of jobs being offered for the roles analyzed, Florida was the only state to appear in the top five in each of the four positions reviewed. BDO bolsters audit practice with 600 new trainees following watchdog’s damning criticism [ City A.M.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

BDO Ireland creates 100 jobs as it moves to new office in Dublin [ RTÉ ]. Accounting, tax audit, and business advisory firm BDO is investing €5m in a new office as it creates 100 new jobs. Baker Tilly Shops for US Law Firm as Big Four Expand Services [ Bloomberg Tax ].

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Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Going Concern

Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now : Stephanie Heredia’s promotion came a year too late and more than a few dollars short. Simon Dolan made a lot of money from owning his own accounting firm.

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Friday Footnotes: KPMG Downsizes (Office Space); CPA CPA CPA; Some Good News on Diversity | 8.26.22

Going Concern

KPMG to Cut Manhattan Office Space in Move to New U.S. Headquarters at Hudson Yards [ Wall Street Journal ] The global audit and consulting firm KPMG LLP is shrinking its New York office space by more than 40%, becoming the latest big company to cut back on real estate as it embraces hybrid work. stock exchanges.

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