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Friday Footnotes: The IRS Has Another ERC Warning; Non-Big 4 Firms Get Dissed; Is AI Excitement Warranted? | 7.26.24

Going Concern

ICYMI These are the top stories on Going Concern this week You Can Sit for the CPA Exam in the Philippines Now Golf Fans Everywhere Now Think BDO Sells Dildos and Lube Just How Much Have Accounting Salaries Increased in the Last Five Years? The multinational accounting firm promoted Carr to partner in 1999.

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Friday Footnotes: EY Partners Are Split on the Split; PCAOB Further Annoys Auditors; Recruiting Events Are Back! | 3.31.23

Going Concern

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. People did not enjoy that.

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Top 7 Reasons Why People Are Leaving Accounting Firms, According to PICPA

CPA Practice

Firms have to pay quality talent what they are worth or expect to lose them. Your firm is in a compensation competition for the best talent with many professions—not just accounting. Salary acceleration paths need to be implemented.” There is no ‘one size fits all’ approach,” the report says.