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Monday Morning Accounting News Brief: The Consulting Firm Going All In on AI; KPMG Finds Out Which Country Is Most AI Illiterate | 6.23.25

Going Concern

Said Journal of Accountancy on Friday : The Senate parliamentarian’s office ruled that a provision in the One Big Beautiful Bill Act to defund the PCAOB and transfer its activities to the SEC isn’t permissible. private companies, employee benefit plans, not-for-profit organizations and state and local governments, and attestation standards.

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Attention, Soon-to-be-Accountants: Governments Need You

CPA Practice

By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. So what’s changed in the supply chain for governmental accountants? Or is something else going on?

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Guy Proposes Not Terrible Ideas to Get People Into Government Accounting

Going Concern

For some time now municipalities have felt the crunch from the accountant shortage and unlike public accounting firms feeling the same, these entities don’t have the luxury of turning down work to ease it nor can they overwork their people with no overtime. Glad you didn’t ask!