Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. Between a wave of retirees and a drop in the number of people graduating with accounting degrees, the whole profession is struggling to staff up. “We

auditor 70

auditor Account accountant accounted 70

Going Concern

MAY 12, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. UK accounting sector needs to put more emphasis on its people [ AccountancyAge ] Across the UK, increasing turnover rates have been observed across barrios sectors.

CPA 108

CPA Account accountant accounted 108

Going Concern

DECEMBER 1, 2023

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. How Is Deloitte Making Accounting Accessible To Diverse Young Talent? Only 10.8%

cpas 103

cpas audit auditor CPA 103

Going Concern

JANUARY 29, 2024

Accounting Ranks First In Something Good For Once More 2. We are in the midst of a transformation, if not a revolution, whereby the role of an “accountant” is no longer confined to ledgers and balance sheets, but extends to realms previously unimagined. Tupperware hired the Big Four auditor on Jan.

auditor 52

auditor cpa firm Account accountant 52

Going Concern

APRIL 3, 2023

EY fined, banned from some audits in Germany over Wirecard scandal from Reuters : Germany’s accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named in the company’s annual reports as EY, a 500,000 euro fine ($541,650.00) and banned it from taking on new audits for companies of public interest for two years.

auditor 52

auditor Account accountant accounted 52

Going Concern

JULY 5, 2023

This is the first time a company has been directly linked to the national scandal involving the “big four” accounting firm that was first revealed in January, they said. The Florida State Fire Marshal is investigating a suspicious fire at Orange Park CPA in the Jacksonville burbs.

auditor 52

auditor Tax Account accountant 52

Going Concern

JULY 1, 2022

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. Enjoy the holiday weekend maybe? .”

Tax 57

Tax Account accountant accounted 57

Going Concern

APRIL 6, 2022

With the ongoing Great Resignation across all industries and the critical pipeline problem contributing to a shortage of accountants , the profession is in a bit of trouble. Let’s start with the salary guide to beat all salary guides: the 2022 Accounting & Finance Salary Guide from Robert Half. Senior tax accountant: 1.4%.

accountant salary 55

accountant salary Account accountant accounted 55

Going Concern

AUGUST 11, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting and advisory firm Grant Thornton trimmed about 3% of its ranks in June. What drew you to the field of accounting?

Account 84

Account accountant accounted Tennessee 84

PYMNTS

NOVEMBER 26, 2018

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

auditor 51

auditor managerial accounting Account accountant 51

Going Concern

OCTOBER 1, 2022

Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after the accountancy firm enjoyed another successful year. Years-long trend of consolidation reaches city’s largest accounting firms [ Crain’s New York Business — subscription ]. Firm Watch.

Non-Profits 96

Non-Profits audit auditor public accounting 96

Going Concern

MARCH 13, 2023

PwC is the accounting firm that tabulates the votes. Infamously, in 2017, a PwC accountant handed Warren Beaty and Faye Dunaway the wrong envelope, resulting in the “La La Land”/“Moonlight” best picture fiasco. A former Deloitte partner is suing Metropolitan Life Insurance Co. “It was the worst day of my life,” said Bogar.

audit 52

audit Account accountant accounted 52

Going Concern

JUNE 6, 2022

Boomerang employment is a growing trend in general thanks to technology that helps people stay in contact over time, says Brian Swider, a management professor at the University of Florida and an expert on boomerang employees. Or the former PwC auditor who burned bridges and then pissed all over the bridges to put the fire out.

public accounting 52

public accounting Account accountant accounted 52

Going Concern

FEBRUARY 9, 2024

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. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

Technology 85

Technology Colorado audit cpa firm 85

Going Concern

MARCH 6, 2023

And in the UK, KPMG auditors got an email from the boss: No mid-year promotions for KPMG audit staff [ The Times ] KPMG has cancelled the now-regular round of mid-year promotions for its thousands of auditors. An accountant’s biggest weakness is caring too much, so they never raise their rates. Have a great week!

auditor 17

auditor Account accountant accounted 17

PYMNTS

AUGUST 13, 2019

As a Federal Communications Commission cybersecurity planning guide recently noted, payroll systems often include among the most sensitive of data including employee bank account details, company bank account details, Social Security Numbers and more. Not every employee needs to access all of your information,” the FCC’s guide warns.

payroll 60

payroll Ohio Virginia Florida 60

Going Concern

FEBRUARY 24, 2023

What’s at risk: A legal review of the proposed changes has been conducted by the National Association of State Boards of Accountancy (NASBA). As the member organization for all state boards of accountancy in the United States, NASBA spelled out key consequences for Minnesota licensees and firms.

Minnesota 97

Minnesota Illinois cpas CPA 97

Going Concern

APRIL 1, 2024

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.

Account 103

Account accountant accounted audit 103

Going Concern

JANUARY 23, 2023

Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement.

public accounting 110

public accounting Account accountant accounted 110

Going Concern

FEBRUARY 26, 2024

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).

audit 57

audit Mississippi auditor tax return 57

Going Concern

NOVEMBER 27, 2023

Also LOL: Canadian Accountant has their own article on the layoffs : Anxiety over potential layoffs began building earlier this month when some PwC employees received meeting requests (“Important Business Update”) with “relationship leaders” (RLs). These decisions are very difficult and are never taken lightly,” Ms. Kale-Agarwal said.

audit 100

audit Account accountant accounted 100

Going Concern

DECEMBER 8, 2023

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?

cpas 102

cpas Account accountant accounted 102

Going Concern

SEPTEMBER 9, 2022

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. Accounting department has record year at annual Meet the Firms event [ St. Who says interest in accounting is down these days!

audit 87

audit chartered accountant auditor New York 87

Anders CPA

DECEMBER 7, 2023

Terrell shares his insights on bridging the gap between accounting and non-finance professionals, emphasizing the need to align goals with the reality of the business. The podcast dedicated to helping accounting firms stay ahead of the curve. Join us as we change the way people think about accounting.

Finance 52

Finance accounting and finance Start-ups Non-Profits 52

Going Concern

DECEMBER 9, 2022

Financial advisory company AlixPartners was chosen for the task and is led by former Securities and Exchange Commission (SEC) chief accountant Matt Jacques, according to a Dec. Grant Thornton merges two Orlando offices as firm continues to grow in Florida [ Grant Thornton ]. 7 report from the Wall Street Journal. Firm Watch.

CPA 87

CPA Florida auditor audit 87

Going Concern

AUGUST 4, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Practice How one small firm drastically cut its busy-season hours [ Journal of Accountancy podcast ] Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season.

cpa firm 95

cpa firm CPA accounting firms accounting and finance 95

Going Concern

OCTOBER 6, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. At one point, Trump attorney Clifford Robert asked Bender to speak into the microphone and the accountant replied: “I am as close as I can be without kissing it.” Within weeks of Maximus’ Sept.

Maryland 89

Maryland audit accounting and finance accounting firms 89

Going Concern

JANUARY 13, 2023

A group representing minority shareholders on Friday filed a complaint with Brazil’s securities regulator against Americanas SA after the retailer uncovered “accounting inconsistencies” totaling 20 billion reais ($3.89 Paul Munter Named Chief Accountant [ SEC ].

audit 101

audit Account accountant accounted 101