Going Concern

MARCH 19, 2025

Each of them violated PCAOB Rule 3211 , Auditor Reporting of Certain Audit Participants, by “failing to accurately disclose on PCAOB Form AP the participation in firm audits of other accounting firms, including, among others, component auditors, shared service centers, and critical audit matter hub.”

auditor

Going Concern

JANUARY 6, 2025

Business Insider wrote up a PCAOB report that discusses culture at the top six firms: Accounting firms have been making more errors, but bosses are split on whether remote work is to blame 64% of respondents said that improving work-life balance for firm personnel improves audit quality. Remember this?

accountant

Going Concern

FEBRUARY 6, 2025

They said : A task force of the American Institute of CPAs Professional Ethics Executive Committee (PEEC) will seek public comment on its preliminary conclusions about revisions to independence rules related to alternative practice structures, changes driven by the increasing prevalence of private equity investment in accounting firms.

audit

Going Concern

OCTOBER 18, 2024

Firm Watch Accountancy firm BDO fined €1.3 million for work with Russian-held football club Vitesse [ NL Times ] The fine is regarding the work that BDO did as an accountant for football club Vitesse, and a holding company of the former owner of the club, Russian businessman Valeri Oyf, sources told FD.

audit

Going Concern

OCTOBER 21, 2024

ICYMI: American Institute of CPAs (AICPA) and the National Association of State Auditors, Comptrollers and Treasurers (NASACT) suggest state and local governments step it up to beat the talent shortage. But accountants who do government work face unique challenges that require more specialized solutions.

accountant

Going Concern

DECEMBER 24, 2024

Average annual training hours for partners, managers, and staff of the firm, combined, across the firm and on the engagement. Average number of years worked at a public accounting firm (whether or not PCAOB-registered) by senior professionals across the firm and on the engagement. Industry Experience.

audit

Going Concern

NOVEMBER 4, 2024

Given the demands CPAs face — often, they serve on understaffed teams due to a shortage of accounting talent, while also needing to obtain continuing professional education credits in order to maintain their certified public accounting licenses — some experts were not surprised to hear about the multi-tasking practice. “If

accountant

Accounting Today

JUNE 9, 2025

EDT 7 Min Read Facebook Twitter LinkedIn Email I am optimistic about the "trusted advisor" destination that the accounting profession has marked as its territory, but skeptical of the partnership model as a means of transportation to that promised land. Our generation is the one that will navigate this sea change in public accounting.

accountant

Going Concern

NOVEMBER 22, 2024

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S.

auditor

Going Concern

JUNE 13, 2025

Talent Accounting firms becoming more reliant on overseas talent, survey finds [ Accounting Times ] Barf at pinning this on the so-called accountant shortage. Tonneson + Co Joins Plante Moran [ INSIDE Public Accounting ] Southfield, Mich.-based The jig is up, you guys, you can stop now.

CPA

Going Concern

OCTOBER 25, 2024

Firm Watch Whistleblower says big accounting firm hid evidence that a Saudi co-defendant helped finance 9/11 [ Florida Bulldog ] So this is…a lot. For the second year in a row, New York-based accounting firm PKF O’Connor Davies took the #1 spot on Vault’s Best Overall Internships list.

accounting and finance

Going Concern

NOVEMBER 21, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate

CPA Practice

NOVEMBER 25, 2024

Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche. He joined the Governmental Accounting Standards Advisory Council (GASAC) in 2011 as a representative of the Government Finance Officers Association (GFOA) and served as chair from 2015-2021.

Wisconsin

Accounting Today

JULY 1, 2025

In addition to the new audit format, OMB is launching a four-part agenda to improve the effectiveness of federal audits: Auditing the auditors : OMB will review the roles and value of auditors — including public accountants, inspectors general and agency CFOs — to ensure audits align with risk and mission outcomes.

audit

Going Concern

DECEMBER 2, 2024

. … A Hypothetical Ethical Performance Audit of a PE Firm If one were to perform an “ethical audit” on a private equity firm that is planning to spend billions of dollars to acquire a majority stake in a global accounting firm, what might be observed?

accountant

Going Concern

NOVEMBER 25, 2024

Aprio, an Atlanta-based advisory and accounting firm, recently purchased Kirsch Kohn & Bridge (KKB) in Woodland Hills to continue its expansion efforts in the region. The top ranks of the world’s biggest accountancy firms jointly own and manage their firms — and share in its profits at the end of the year.

accountant

Going Concern

APRIL 7, 2025

billion accounting error, lawmakers are looking to move on from the outside independent auditor who would work with the state auditors office in reviewing the states financial records. billion accounting issue on the states books for years, but no one tried to fix it or figure out the origins of the listing.

auditor

Going Concern

AUGUST 8, 2025

Over Accounting Advice [ CU Today ] A Connecticut trial court judge has ruled that Whittlesey PC—the state’s largest accounting firm—must face a lawsuit brought by the former CEO of Sound Federal Credit Union, who claims he was fired for following the firm’s accounting advice regarding a $1.2

CPA

Going Concern

APRIL 28, 2025

Faculty members who believe they are not prepared (as well as some who do believe they are prepared) responded that they need additional resources to help them prepare their students for the new CPA exam and careers in public accounting. This could be implemented in numerous ways. That 14% must have a good hookup in India.

CPA

Going Concern

JANUARY 31, 2025

Firm Watch Accounting firm taps longtime employee to head up Charlotte office [ Charlotte Business Journal ] RSM US has named a 13-year veteran of the company as the new leader of its Charlotte operations. Moving forward, the New York team will continue to serve its business and tax clients. Accountingfly can assist you!

cpa firm

Going Concern

MAY 9, 2025

Wall Street Journal recently published a story about a pair of ER doctors who have shared a dire warning to accounting firms cozying up to private equity: Trust and quality will suffer. The analogy with accounting is perfect. If you compromise the auditors, then its a total coverup,” said Keaney.

auditor

Going Concern

FEBRUARY 14, 2025

As noted by Bloomberg Law, the group composed of lawyer representing law firms, accounting firms, nonprofits, and private companies has stepped in to assist attorneys and law students find jobs. Accounting Firms Hire Growth Leaders as Dealmaking Shakes Up Industry [ Wall Street Journal ] Forty-nine of the 100 largest U.S.

Arizona

Going Concern

APRIL 25, 2025

Marketplace (NPR)] The big concern for the services sector as a whole both for firms that export and those that do all their business here is what will happen if the tariffs cause the whole economy to contract, said Meagan Schoenberger, senior economist at KPMG. Hetrick said many of them are trying to cut back on accounting services.

auditor

Going Concern

JUNE 27, 2025

That’s according to this article in FT anyway : Accountancy firms courting private equity were falling prey to “Fomo”, MHA chief executive Rakesh Shaunak told the Financial Times. Everybody wants to be part of that feeding frenzy . . . I I think IPO is the right option.”

audit

Going Concern

MARCH 7, 2025

— Squawk Box (@SquawkCNBC) March 7, 2025 Audit Chair Williams To Host Chicago Forum for Auditors of Small Businesses and Auditors of Broker-Dealers [ PCAOB ] The Public Company Accounting Oversight Board (PCAOB) that PCAOB Chair Erica Y. million) announced the acquisition of Chicago-based firm Tassi and Company.

Government

Going Concern

FEBRUARY 13, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

accountant

CPA Practice

JANUARY 18, 2023

After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball. Let’s look at some of the parallel problems facing both public accounting and MLB. Shifting demographics.

public accounting

TaxConnex

FEBRUARY 27, 2024

More generally, accounting talent pool concerns are pressing even for accounting firms , as enrollment rates of accounting students continue to fall. The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. Are they experienced with auditors?

Sales

CPA Practice

SEPTEMBER 19, 2023

A proposal issued by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would hold auditors and others more accountable when they negligently, directly, and substantially cause their firm to violate auditing standards.

auditor

CPA Practice

OCTOBER 10, 2023

This surge in demand for CPA services comes at a time when experienced public accountants are exploring alternative career options, and fewer graduates are entering the profession. Challenges in Public Accounting The public accounting sector faces unique challenges.

Technology

Going Concern

MAY 26, 2023

The accounting firm is embroiled in a national scandal over its use of confidential information about proposed tax laws to drum up business. The bitcoin mining company “dismissed” its previous accounting firm Marcum on May 18, appointing Deloitte to take its place. million over a decade.

public accounting

AdviceForTaxpreparers

SEPTEMBER 8, 2020

My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Since I do not plan to sell this book through a publishing company, I need another way to market the book to the public. Accounting Jokes, Videos, Puns and Humor - July 29, 2019. That’s fine.

tax preparation

Going Concern

OCTOBER 25, 2023

The firm used the work of two firms not registered with the PCAOB — PKF Audisur of Argentina and PwC Malta of, duh, Malta — in “a substantial role capacity” on four issuer audits. Expect more of these fines to come, the PCAOB made use of other auditors one of its many nitpicking pet issues last year.

auditor

Going Concern

MARCH 24, 2023

[ Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. It’s time for firm leaders to ensure their businesses are on course to not just survive but thrive. Many practitioners in public accounting are feeling burned out.

auditor

CPA Practice

AUGUST 28, 2024

Since the pandemic, firms have broadly accepted remote and hybrid workforces, and the technologies supporting these functions have seen significant advancement, increasing productivity, while giving staff enhanced work-life balance. The patent covers the application of artificial intelligence to financial statement audits.

Technology

Going Concern

MARCH 31, 2023

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. People did not enjoy that.

auditor

Going Concern

JULY 31, 2023

Former partner Wayne Plummer told PwC partners in December that the firm had made an in-principle agreement with the Tax Office to settle on a no-admissions basis in return for a 50 per cent reduction in penalties that totalled several hundred thousand dollars. Such suggestions are false.

auditor