article thumbnail

Great Resignation Turns Into the Great Stagnation for the Big Four Firms in the U.K.

CPA Practice

s largest consulting firms were among the worst hit as staff hunted down new roles when COVID lockdowns began to ease. Now, Britain’s accountants, auditors and advisers are clinging to their jobs, nervous that their negotiating power has sharply dropped. s top accounting firms that month in 2022.

auditor 59
article thumbnail

BDO Says It Is No Longer Doing Business In Russia and Belarus

Going Concern

The latest top accounting firm to turn its back on Russia and Belarus is No. noted today that Unicon is not currently a part of BDO’s global network after BDO divorced itself from the Russian firm last year due to a conflict of interest. Founded in 1997, BDO Belarus was previously part of the KPMG network.

auditor 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Friday Footnotes: Inside PwC Cheating; Audit Market Monopoly; AI Anxiety | 12.15.23

Going Concern

Cheaters What went wrong at PwC Canada: Accounting firm agrees to pay $1.45-million million to settle exam cheating scandal [ Canadian Accountant ] The Canadian member firm of PricewaterhouseCoopers International has agreed to pay the Chartered Professional Accountants of Ontario $1.45

audit 100
article thumbnail

Monday Morning Accounting News Brief: PwC Picks a Global Chair; Guy Cusses Out KPMG | 10.30.23

Going Concern

PwC has picked the head of its international advisory business, Mohamed Kande, to be its next chair, putting the Big Four accounting firm in the hands of a consulting partner. Kande’s selection by PwC’s global board was revealed to the firm’s partners on Monday, according to people familiar with the internal message.

Account 86
article thumbnail

Blockchain in accounting – what does the future hold?

Reckon

Getting your firm ready for blockchain accounting. Every accounting firm on the planet should be concerned with readiness for blockchain accounting methods. What the top accounting firms are saying about blockchain. The cost and time necessary to conduct an audit would decline considerably.”.

Account 97
article thumbnail

Monday Morning Accounting News Brief: Messing with Texas Costs EY $3 Million; CPA Says Blame Yourself, Not Your CPA | 11.13.23

Going Concern

If you’re the face of a Big Four accounting firm to a client, they all think you’re a partner, they think you know tax law and all the rest of it. So with this move, they’ve watered down the applicant pool of future accountants,” he continued. The auditor’s opinion is clean. It’s the auditor’s fault, right?

Texas 57
article thumbnail

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. Tax How One Small Click Led To Big Headaches For A Tax And Accounting Firm [ Forbes ] It started with an email. a Houston-based tax and accounting firm. And that’s what DataSnipper looks to solve.”

audit 99