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Friday Footnotes: Deloitte’s Naughty Workpapers; Audit Reform Critics; Clients Getting Dropped Like Mics | 3.4.22

Going Concern

Deloitte considers Russia pull out as pressure grows on western firms to exit [ Financial News ] Deloitte is considering pulling out of Russia, becoming the first Big Four audit firm to do so as pressure grows on Western companies to cut ties with the country following its invasion of Ukraine. Antar (@SamAntar) March 4, 2022.

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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

The hiring will be for higher-graded revenue agents, which are specialized technical positions that generally focus on audits. This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations.

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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

The city’s audit committee, a monitoring body that tracks the findings and recommendations of Montreal’s auditor general, comptroller general and external auditors, makes the observation in its latest annual report. Firms also annually share information such as a list of their public-company audit clients and the addresses of their offices.

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RSM US Adds 72 New Partners and Principals

CPA Practice

Last year RSM, the fifth largest accounting firm in the U.S. Petersburg, FL, firm client service Tom Emerson , St. RSM US kicked off the new year by admitting 72 new partners and principals. by revenue, gave keys to the partnership to 109 individuals. “We Louis, consulting Yudit Freda , Irvine, CA, tax

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Friday Footnotes: EY on the Private Equity Offer; KPMG Tries to Stop Partner Poaching; Taxing the Metaverse | 9.8.23

Going Concern

News KPMG halves pay for US partners on gardening leave amid poaching war [ Financial Times ] KPMG’s US partners have been told that they will be put on 50 per cent pay during six months of gardening leave if they quit to join a rival, marking an escalation in efforts by the Big Four accounting firms to stop staff poaching.

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When a Bank Fails, People ‘Lose Faith’ in the Auditors

Going Concern

Are bank failures bad PR for the firms that audit them? Via KU (Kentucky University) News : The word “audit” has a different meaning depending on whether you’re an individual or a bank. But a perceived audit failure can have equally damaging consequences. “We New research seems to show that depositors — a.k.a.

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

TSG’s lawsuit filed last August in Los Angeles District Court said that Fox had promised TSG a share of defined gross receipts for pictures under the companies’ long-term participation agreement but that the studio used “nearly every trick in the Hollywood accounting book” to not pay. It didn’t specify which films were examined.

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