CPA Practice
MARCH 15, 2023
Audit firms cannot be owned and operated by non-CPAs, therefore firms that accept majority outside investment, or are hoping to attract it in the future, generally must organize their audit/attest practice independently from their tax/advisory/consulting side, allowing for PE investment in the latter. Or is this smoke and mirrors?
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. Rapid growth is great news for accounting firms.
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Going Concern
OCTOBER 14, 2022
KPMG and EY have also closed, according to people with knowledge of the matter, and both no longer have operational local law firm websites. List analysis: In fight for talent, nearly all accounting firms allow remote work [ Crain’s Cleveland Business ]. Accounting firm Benitez & Co.’s Talent and Hiring.
Going Concern
JUNE 23, 2023
KPMG’s Big Four Dominance on Bank Audits Shaken by Failures [ Bloomberg Tax ] Big Four accounting firm KPMG has been buffetted by one of the biggest economic stories of the year—and has been pilloried for giving clean audit opinions for three banks that collapsed amid the interest rate crisis that’s threatened the regional banking sector.
Going Concern
AUGUST 4, 2023
Technology With generative AI, start with the basics, EY tells CFOs [ CFO Dive ] The best thing for CFOs today is just “take a look at their operations,” Michael Kelly, partner and management consulting consultant at Big Four accounting firm Ernst & Young said. Shares of Digital World slumped as much as 10% Wednesday.
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