Going Concern

JULY 18, 2025

Private Equity Private equity is coming for accounting firms. While they invest money and resources, PE firms look for profits in relatively short timeframes, often achieved through cost-cutting. While they invest money and resources, PE firms look for profits in relatively short timeframes, often achieved through cost-cutting.

audit

Accounting Today

JULY 8, 2025

Capitol in Washington, D.C. Greg Stohr and Zoe Tillman Bloomberg News Tax SCOTUS Layoffs IRS MORE FROM ACCOUNTING TODAY Tax IRS allows churches to endorse political candidates The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates. Al Drago/Bloomberg The U.S.

Technology

Going Concern

FEBRUARY 28, 2025

M&A Baker Tilly to snap up Hayflich CPAs [ International Accounting Bulletin ] Advisory, tax, and assurance firm Baker Tilly has announced its intent for the acquisition of Hayflich CPAs, an accounting firm serving West Virginia, US.

West Virginia

Accounting Today

JULY 7, 2025

A firm named LionShares LLC in mid-June filed for an ETF that would invest in other ETFs tracking the large-cap U.S. Earlier, F/m Investments, a Washington, D.C.-based equity market, but would at the same time look to "minimize" distributions, according to its paperwork.

Tax

Accounting Today

JULY 17, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email President Donald Trump displays the signed bill during a ceremony for the One Big Beautiful Bill Act on the South Lawn of the White House in Washington, D.C

Tax

Accounting Today

JULY 8, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email The Internal Revenue Service building in Washington, D.C. Tax IRS Tax exemptions Lawsuits MORE FROM ACCOUNTING TODAY Tax IRS allows churches to endorse political candidates The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates.

Technology

TaxConnex

FEBRUARY 3, 2022

Bad luck for one, or a customer of yours undergoing their own audit might produce one of your invoices, resulting in the auditor possibly contacting you for an exemption certificate or other documents. An audit of one of your suppliers could turn up one of your exemption certificates for a transaction that the auditor may think is taxable.

audit

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

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

Going Concern

APRIL 19, 2024

consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganizes its business lines. The Big Four accounting firm is considering adding about 85 U.S. Ardoino stated, “None of the Big Four firms are willing to audit us.”

accounting firms

CPA Practice

JANUARY 23, 2023

For many accounting firms this will mean increased opportunities, to sell not only M&A diligence services and financial statement audits, but broader services that allow for ongoing, regular reviews of financial data. As accounting firms begin 2023 they have one thing top of mind — how to effectively recruit and retain talent.

audit

Going Concern

JANUARY 12, 2024

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group.

audit

Going Concern

MAY 26, 2023

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. million to federal political parties from July 2012 to June 2022, and when KPMG ($1.1

public accounting

Going Concern

SEPTEMBER 29, 2023

The London-based global accounting firm officially known as PricewaterhouseCoopers International is in talks to lease three floors at a new office building at 3155 Olsen Drive, across from Santana Row in West San Jose, the San Jose Mercury News reported, citing unidentified sources.

auditor

Going Concern

MARCH 15, 2024

KPMG layoffs by u/corpslave_1998 in Big4 Deloitte fights for another shot at $789M SHARKCAGE cyber contract [ Washington Technology ] Deloitte wants back into the competition for a $789 million Navy contract that was captured by Accenture. The SEC is working on proposals that would enhance disclosures to better protect investor interests.

auditor

Going Concern

FEBRUARY 24, 2023

While most people were too cautious to say that the successful inspection of Chinese firms could mean a new era of cooperation between China and the PCAOB, this week we have learned that any of those people who thought that would happen are probably going to be disappointed. It seems China did not take too kindly to that.

audit

Going Concern

MAY 12, 2023

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

CPA

Going Concern

SEPTEMBER 13, 2024

SEC as EQCF: Statement on Public Company Accounting Oversight Board; Notice of Filing of Proposed Rules on a Firm’s System of Quality Control and Related Amendments to PCAOB Standards [ Statement by SEC Commissioner Hester Peirce ] Auditors play a critical role in maintaining healthy capital markets.

Kansas

Going Concern

FEBRUARY 24, 2023

Talent The new math in recruiting at accounting firms [ Puget Sound Business Journal ] You have to scroll way too far down in this article to see a mention of salary. It’s part of a larger trend of accounting firms trying to find young talent as the industry wrestles with staffing shortages.

Technology

Going Concern

APRIL 1, 2022

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. Over the past year, average hourly earnings have increased 5.6%.

auditor

Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Auditors are required to include a going-concern warning if they believe there is a risk that the company may go bankrupt, rather than making a prediction that it will. There were 8.5

audit

Going Concern

MAY 31, 2024

Municipal Dumpster Fires Woonsocket city council respond to auditors abruptly quitting [ WLNE Providence ] Shout-out Mary Sahady who finally had enough of this b t and told this messy client to get bent. Woonsocket officials are hoping city auditors will change their mind, after they abruptly quit this past week.

auditor

ThomsonReuters

JUNE 24, 2024

” In a number of states, like California, Washington, and Wisconsin, the dormancy period is one year. She additionally mentioned that simply providing a contract showing a third-party payroll administrator handles unclaimed property reporting is insufficient for auditors.

accounting firms

Going Concern

NOVEMBER 4, 2022

Tax and accountancy firm Grant Thornton Malaysia PLT has come out to defend its managing director Datuk Narendrakumar Chunilai (NK Jasani), who was slapped with money laundering charges involving RM115 million belonging to Sabah Forest Industries Sdn Bhd (SFI). Firm M&A. to Yum China Holdings Inc.

Account

CPA Practice

JUNE 24, 2024

But a recent industry survey found that 42% of accounting firms are doing exactly that. Separate research from Robert Half for the 2024 Demand for Skilled Talent report confirms that most hiring managers for accounting and finance organizations (87%) are facing challenges recruiting talent right now. The reason?

cpa firm

Going Concern

APRIL 6, 2022

Tax accountant, 1-3 years’ experience: 1.6%. Entry-level tax accountant: 2.6%. Senior auditor: 1.6%. Auditor, 1-3 years’ experience: 2.2%. Entry-level auditor: 1.6%. The AP guide was released in November 2021 and estimates that accounting salaries are expected to rise 6.4% Audit and assurance services.

accountant salary

CPA Practice

JULY 30, 2024

But a recent industry survey found that 42% of accounting firms are doing exactly that. Separate research from Robert Half for the 2024 Demand for Skilled Talent report confirms that most hiring managers for accounting and finance organizations (87%) are facing challenges recruiting talent right now. By Steve Saah. The reason?

cpa firm

CPA Practice

DECEMBER 19, 2023

No matter how you might feel about generative AI’s recent and rapid rise in the workplace, it is a wave of change that all accountants must embrace at some level. And 51% reported that they expect their firms to start using the technology within the next six to 12 months. operations, based in the Washington, D.C.,

accounting and finance

CPA Practice

APRIL 11, 2023

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

institute of chartered accountants

Going Concern

JULY 29, 2024

Oh and reminder: the Institute of Chartered Accountants of India (ICAI) is working on a plan to consolidate India’s 96,000 little accountancy firms into mega-firms that they think could compete with Big 4 on the global stage. INSIDE Public Accounting continues to tease the upcoming release of the IPA 500.

CPA

Going Concern

MARCH 16, 2022

The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients.

audit

Going Concern

MAY 28, 2024

The local news in Cincinnati covered this strategic move : One of Greater Cincinnati’s largest accounting firms is being acquired by an Indianapolis company. Blue Ash-based tax, advisory and audit firm Cassady Schiller CPAs & Advisors will become part of Katz, Sapper & Miller in a transaction that will be completed May 31.

audit

Going Concern

MAY 2, 2025

Why cant the accounting profession regulate itself? Years ago, during the era of the Big Eight accounting firms, Arthur Andersen once marketed itself as the gold standard of the auditing profession. Promote your profession by sharing this post, or download ready-made posts at the link. million for emotional harm.

Connecticut

Going Concern

NOVEMBER 7, 2022

Several of America’s largest accounting firms have explored the possibility of taking private equity cash in recent months , as money from buyout funds adds fuel to a mergers and acquisitions boom across the industry, reports FT. An article about ESG as the next big accounting trend. Average audit fees rose a slight 2.5%

audit

Going Concern

JUNE 17, 2024

ProPublica did a story on “how remote work and artificial intelligence are ushering in new kinds of fraud in state and local governments” and interviewed Washington state auditor Brandi Pritchard. As far as we can tell, it’s the largest government misappropriation [by an employee] in Washington state’s history.

Account

Going Concern

MAY 13, 2022

Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal [ Financial Times ] A former junior KPMG auditor should not receive a fine so large it could force him to sell his matrimonial home, a tribunal has said. ” COVID-19 has negatively impacted how auditors work [ Phys.org ] Duh?

auditor

Going Concern

SEPTEMBER 16, 2022

EY fired auditor for not approving illegal transactions, says a new lawsuit [ Reuters ] Ernst & Young LLP has been sued by a former partner who says she was forced out of her job for refusing to sign off on client transactions that violated tax and securities laws. Accounting Firm M&A. PwC HK, KPMG to host U.S.

auditor