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Friday Footnotes: RTO Isn’t Going So Great; KPMG Wins Something; What Auditors? | 5.19.23

Going Concern

ICYMI I Love Accounting. GC ] Benjamin Wann, CMA, CSCA, MBA, PMP, CPA wrote a little something about the thing we all love to hate. At its core, accounting is a challenging career that requires growth and learning and can usually pay pretty well. Chinese companies switch auditors to avoid U.S. So I Had to Leave. [

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UK Moves To Split Audit And Consulting Profits At Big Four

PYMNTS

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The FRC notified the firms of its intent to compel changes in March.

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No Breakup For UK’s Big Four Accountancy Firms

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’s Big Four accountancy firms — KPMG , PwC , EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA), The Guardia n reported on Tuesday (Dec. ” “Most people will never read an auditor’s opinion on a company’s accounts,” he said.

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Armanino’s Former Crypto Team Has Left and Formed Their Own Shop, Allegedly

Going Concern

As a reminder, here’s what happened in December : Armanino is ending its crypto audit practice and dropping clients, two sources familiar with the matter say. after performing the exchange’s audit last year. Armanino has said it stands by its 2020 and 2021 audits of FTX US. affiliate of Sam Bankman-Fried’s FTX exchange.

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Letters to the Editor: CPAs Give Their Perspectives on Why No One Wants to Be an Accountant Anymore

Going Concern

It wasn’t until 2015 that a woman became CEO of a Big 4 accounting firm for the first time. 65% of new graduate new hires hired into accounting/finance functions of U.S. CPA firms are white. Starting I couldn’t take the kind of paycut to be a entry level field auditor or tax. Accounting is miserable.

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UK Auditing Market Pressure Grows With Parliamentary Probe

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Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated by the Big Four accounting firms Deloitte, PwC, EY and KPMG, adding new pressure on an industry already being probed by other policymakers. Reports in Reuters on Sunday (November 11) said the U.K.

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UK Changes Course On Big Four Accounting Breakup

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may be changing course in its efforts to break up the Big Four accountancy firms after the Competition and Markets Authority (CMA) decided against such action late last year. audits for large businesses. audits for large businesses. Reports in Bloomberg on Monday (April 1) said a U.K.

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