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Friday Footnotes: Higher Salaries Lead to Higher Fees; EY Auditors Quit; Senator Rags on Greedy Accounting Firms | 1.27.23

Going Concern

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.

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The corporate tax department business case: Making the final tax technology pitch

ThomsonReuters

For corporate tax departments, making the tax technology pitch for an automated solution is a relatively simple one. 1—It will save money by: reducing tax errors and over-payments. errors and violations associated with out-of-date tax rates and codes. making the department’s overall operations more efficient.

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Monday Morning Accounting News Brief: What Do Big 4 Firms Pay These Days?; EY Gets Sued | 4.8.24

Going Concern

The so called “Big Four” accounting firms — Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY) — are known for paying their staff high salaries. Bloomberg went digging around in Trump Media’s auditor’s PCAOB inspection reports: Trump Media & Technology Group Corp. Are they really tho?

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4 Ways Finance and Accounting Pros Can Adapt Now to Working With Generative AI

CPA Practice

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. Of course, to stay in demand, finance and accounting pros will need to ensure that they maintain relevant skills, especially when it comes to working with generative AI.

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Unlocking efficiency: The impact of AI on tax compliance and reporting

ThomsonReuters

In the corporate tax space, just as the regulatory compliance landscape becomes more challenging and reporting requirements become more demanding, technology is advancing rapidly to crunch vast amounts of data in no time and streamline labor-intensive processes.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

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. While the average mean salary for accountants in the U.S.

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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? Regulations need to change to match.

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