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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Peak W-2: What’s It Take to Be the Accountant to the Stars?

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Friday Footnotes: KPMG Hires Ex-Prisoners; Notes From PwC’s All-Hands; Why CPAs Are Leaving | 4.26.24

Going Concern

One of the Big Four firms, KPMG, has become the first white-collar British business to employ former prisoners as part of the government’s new pilot programme. This report aims to guide accounting firm leaders towards effective strategies that we believe, when properly implemented, will enhance both retention and firm performance.”

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‘The American Accounting Association Is Not Serious’ and Other Such Thoughts From a Professor Who’s Quitting the AAA

Going Concern

Edward Ketz, Associate Professor of Accounting at Penn State. In the first, he explains why he is quitting the American Accounting Association (AAA). ” The AAA chose not to publish it in Accounting Education News and so we are instead. .” Edward Ketz Written for Accounting Education News , not published.

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Friday Footnotes: PwC Isn’t Getting a Redemption; Just Say No to NOCLAR; Oh, Layoffs? | 3.15.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Accounting giant renews lease in downtown S.F. —

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Monday Morning Accounting News Brief: Capping Busy Season Hours FTW; Open the Books on Audit Firms? | 4.15.24

Going Concern

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. But what about the books of the auditor? Right now, they don’t.

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Monday Morning Accounting News Brief: Semper Fi-nancial; EY Gets a D in Auditing; Deepfake CFOs Are a Thing | 2.26.24

Going Concern

During this two-year audit, the Marine Corps had independent third-party auditors from Ernst and Young vet the value of all its assets listed on financial statements. The PCAOB inspected four EY Canada audits — three in which the firm was the principal auditor — and found deficiencies in two (50% with Part I.A deficiencies).

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Grant Thornton and Five Other Firms Got Coal in Their Stockings From the PCAOB

Going Concern

The PCAOB added six audit firms —three international, including a KPMG affiliate, and three in the U.S., These six firms must have forgotten to do that or something and, as a result, were fined and censured by the PCAOB: KPMG Samjong Accounting Corp. – $30,000 civil money penalty and censure.

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