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Monday Morning Accounting News Brief: EY’s Paying Big For the Everest Failure; PwC UK Delays Promotions | 2.12.24

Going Concern

Someone you know spoke to NPR’s Marketplace for this story: Some accountants are turning away new customers this tax season Tax filing season is here and if you’ve been putting off finding a CPA, good luck. We get calls all the time saying, ‘Hey, my CPA just retired. Do you have room?’ Some are finding solutions overseas.

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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

Except in the case of 90s rapper beefs, Tupac and Biggie were equally popular stars whereas in this case the AICPA encompasses the entirety of the profession in the United States versus Minnesota CPAs and the society that serves them. CPAs would need to hold multiple licenses and incur additional expenses.

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Friday Footnotes: The Metaverse’s First CPA Firm Gets Sued; CPA Exam Blueprints; Mad Mergers | 1.6.23

Going Concern

So customers have filed more than a half-dozen proposed class actions against the NFL’s Tom Brady, accounting firm Prager Metis and Bankman-Fried as an individual, among others. Bureau of Labor Statistics reported Friday, but employment in accounting and bookkeeping services fell by 1,100 jobs. Firm M&A.

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Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

“I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week. PCAOB Spotlight PDF here.

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Friday Footnotes: A CPA Grindset We Can Get Behind; The Klynveld Krypto Team; Firms Still Desperate (For People) | 6.24.22

Going Concern

The firm’s consulting partners would receive shares worth as much as seven to nine times annual income, estimated by the Financial Times to be worth as much as $US8 million ($11.6 UPS, Dell, Others Call on SEC to Retool Climate Accounting Plan [ Bloomberg Tax ] Audit firms and companies including United Parcel Service Inc.

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State of the Accounting Profession 2022 Via the AICPA Trends Report

Going Concern

By 2014 however, the benevolent overlords at the AICPA noticed a troubling statistic: despite record enrollments, this abundance of accounting students did not appear to be pursuing the CPA exam as expected. In other words, more people than ever were graduating with accounting degrees but CPA exam candidate numbers stayed the same.

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Friday Footnotes: The PCAOB-to-Practice Pipeline and Audit Quality; Ball Extension; Tim Ryan’s Replacement | 1.12.24

Going Concern

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group.

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