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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

PYMNTS

’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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UK Auditing Market Pressure Grows With Parliamentary Probe

PYMNTS

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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Professionals on the Move – June 2023

CPA Practice

Shekel joins the firm with more than 20 years of experience, focused primarily on valuation services. Prior to joining FORVIS, Shekel led the valuation advisory services for professional M&A and accounting firms with a focus on middle-market business development companies, private-equity funds, and real estate entities.

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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. This next reader bangs the same old drum: the pay sucks and the work sucks.

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State CPA Society News & Updates – June 2023

CPA Practice

The Delaware Society of Certified Public Accountants (DSCPA) is offering the Delaware Ethics for CPAs course. Appointees include Board officers: Board Chair: Laura O’Brien, CPA, MST, LGA, LLP Chair-Elect: Laura Felice, CPA, CGMA, BJ’s Wholesale Club, Inc.

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