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Utah Accounting Firm and Dudes Who Work There Busted For ERC Fraud

Going Concern

TL;DR Two guys and their accounting firm are accused of filing false tax returns and a touch of COVID relief fraud. 1 charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme. There are so many better options. Oh, alright.

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Do Accounting Firms Care if You’re On Drugs? Part III

Going Concern

12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?” The reason I am updating this ancient post is because it seems “do Big 4 firms drug test?” In summation: Do Big 4 firms drug test? Well that was…interesting.

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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., The firm also has to let the PCAOB know that it knows the disciplinary proceeding has been concluded. KCCW Accountancy Corp. – $20,000 civil money penalty and censure. 22 for not making required disclosures on Form 3.

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In the Trenches: My Three Least Favorite Audit Rooms

Going Concern

Audit rooms come in all shapes and sizes—usually small, often windowless, sometimes with chairs you can actually sit on, and almost always as far away from the finance/accounting department as possible. After eight years in public accounting, I have loads of unforgettable audit room experiences. Here are just a few.

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Monday Morning Accounting News Brief: EY Partners Banging the Client Again; Turnstile Data Shows Staff DGAF About RTO | 1.29.24

Going Concern

Accounting Ranks First In Something Good For Once More 2. Grant Thornton Gets Downgraded to a Tier 2 Firm, That’s Probably a Good Thing 1. 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.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

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. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

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Friday Footnotes: EY Doesn’t Regret a Return to Office; Consulting Cut Backs; AI Will Not Replace Accountants | 8.11.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Talent After a pandemic-era hiring binge, consulting firms are cutting back [ Crain’s Chicago Business ] There’s a paywall but you kids are internet savvy.

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