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Friday Footnotes: How to Add ChatGPT to Excel; RSM Wins Awards; Auditor Independence Pitfalls | 4.7.23

Going Concern

[ Wall Street Journal ] A tap story from WSJ says accountants and writers are among the jobs that could be most affected by AI tools (*gulp*) Big 4 March people moves: KPMG, Deloitte, PwC make senior hires [ AccountancyAge ] Musical chairs across the pond. and overseas” seeking further explanation about the auditor’s opinion.

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AuditClub Appoints PwC Veteran in Leadership Expansion

CPA Practice

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

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Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

Bam is a chartered accountant and an outstanding South African. Big 4 affiliate firms continue to lead audit business in India [ The Economic Times ]. After 1,600 auditors combed through DOD’s $3.5 Dallas Attorney and Members of Accounting Firm Charged with Promoting Illegal Tax Shelter [ Department of Justice ].

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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

Many firms turn to third-party service providers to send and receive electronic audit confirmations to and from “confirming parties,” including banks, financial institutions, investment and brokerage firms, and law firms. In some cases, auditing firms may be relying too heavily on such outside companies.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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Friday Footnotes: A Billion Dollar AI Audit Startup; Oops, All Independence Violations!; Bipartisan Tax Vote | 2.2.23

Going Concern

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. The directors of an auto parts business have claimed before the High Court that an accountant has allegedly hired convicted criminal Martin ‘the Viper’ Foley to collect a disputed debt of approximately €19,000 from them.

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