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Friday Footnotes: Deloitte Partner Scammed By Other Deloitte Partner; Big 4 Legal Grows; A $3.5 Billion Error | 2.17.23

Going Concern

KPMG to cut about 200 staff amid consulting work slowdown [ Australian Financial Review ] This is separate from KPMG US layoffs announced earlier this week. The firm, which increased its staff headcount by more than 2000 last year, will begin a business-wide review to determine the exact number and roles that will be targeted.

Legal 98
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Key Accounting Challenges Facing Professional Services Businesses

Basis 365

Service-based businesses, such as marketing agencies or management consultants, face several accounting issues that are unique to their industry. The overall accounting issue revolves around the matching of project-related revenue with the corresponding costs. A system is almost always needed to track your WIP.

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Monday Afternoon Accounting News Brief: Did You Just Call PE Vultures?; Aussies Won’t Be Bamboozled PwC-Style Again | 12.23.24

Going Concern

However, during this time, Entergy had allegedly been informed by its employees and management consultants that this asset included a substantial amount of potential surplus, including aged materials and supplies in excess of Entergys anticipated future use or exceeding the maximum stocking levels deemed necessary by its business units.