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Friday Footnotes: KPMG Pays High Schoolers 20 Bucks an Hour; Deloitte Cyberattacked Too; IRS on ERC | 7.28.23

Going Concern

He graduated summa cum laude in accounting from Baruch College with numerous other academic awards and a continuing passion for wrestling, Ping Pong and handball. He was drafted into the army in 1952 and returned to the accounting firm in 1954. The question now is whether year-over-year growth of 18% will continue next year.”

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Monday Morning Accounting News Brief: EY’s Paying Big For the Everest Failure; PwC UK Delays Promotions | 2.12.24

Going Concern

Someone you know spoke to NPR’s Marketplace for this story: Some accountants are turning away new customers this tax season Tax filing season is here and if you’ve been putting off finding a CPA, good luck. EY and KPMG have 294 and 169 CPAs in their local offices, respectively.

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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

The CAQ surveyed 748 audit partners at eight of the largest accounting firms about conditions for their clients. News KPMG plans merging UK and Swiss businesses [ Reuters ] KPMG, one of the world’s Big Four accounting firms, said on Thursday that it is exploring a merger of its UK and Swiss businesses in a bid to boost profit.

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

“A proposal like this could allow for the reinstatement of credit for more than 15,000 CPA candidates and re-open the door for those candidates to complete their journeys to becoming licensed CPAs. So that’s not a scripted set of results, yet it is known prior to the event, and gambling is legal on the Oscars.

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Friday Footnotes: KPMG Downsizes (Office Space); CPA CPA CPA; Some Good News on Diversity | 8.26.22

Going Concern

Accounting Firm and Two Partners Conducted Deficient Custody Exams [ SEC ] The SEC’s order finds that Farber Hass Hurley LLP and its partners, Michel Abedian and Michael Hurley, departed from applicable standards for attestation engagements and compliance examinations when conducting surprise examinations of clients.

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Friday Footnotes: How EY Fights Poaching; Lack of Staff Is Closing Doors; Accounting to Biglaw? | 11.25.22

Going Concern

FRC considers four key elements of a good environment for scepticism and challenge: the learning environment, culture and operating model of the audit firm, as well as the interactions that the audit firm has with parties in the wider ecosystem. Shakira Claims She’s Victim of Smear Campaign in Spain Tax Fraud Case [ TMZ ].

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