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

Going Concern

And EY news from elsewhere: the Texas Board of Accountancy has fined EY $3 million for cheating. “The action represents the Board’s message to all Texas licensees that the Board will not tolerate any form of professional misconduct,” said TSBPA Executive Director William Treacy. Is it your accountant?

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Friday Footnotes: CPA Says Stop ERC Fearmongering; Deloitte Cussed Out For ‘Grueling Culture’; Worst Books Ever | 2.23.24

Going Concern

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. million in related income that she and her husband had earned from 2012 through 2014.

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Friday Footnotes: Big 4 Culture Gets Slammed Again; Audit Leads the Way in AI; Small Firm Gripes | 11.10.23

Going Concern

So as a professional in the field is doing research on a particular topic and in the course of a client engagement, they can use this tool to help them respond to those types of inquiries, or to assist in the audit process,” Will Bible, digital transformation and innovation leader, audit and assurance for Big Four accounting firm Deloitte said.

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Friday Footnotes: Working 100 Hours a Week (For Real); 99% of Firms Short on Staff; The EY Power Struggle | 8.4.23

Going Concern

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.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves. The New Civil Liberties Alliance filed a complaint Thursday in the U.S.

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Friday Footnotes: IRS Chief Hoping for ‘Financial Sacrifice’; PwC Spin-Off Layoff; KPMG Unites Deals and Other Deals | 10.27.23

Going Concern

IRS encourages employers to electronically file payroll tax returns [ IRS Newsroom ] The Internal Revenue Service today reminded employers that the best way to file their next quarterly payroll tax return by the Oct. 31, 2023, due date is electronically.

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Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

As such, research from the AICPA (“Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits”) suggests that employers have begun to hire from other more technical undergraduate degree fields, such as management information systems (MIS), instead of accounting graduates.