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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. Those creditors include the UK tax authority, HMRC.

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. WIP (Work-in-Progress) Accounting: Service-based businesses may have ongoing projects that are not yet completed at the end of the accounting period.

Account 52
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Friday Footnotes: XOXO, Accountants; PwC Wants Tax Cuts; KPMG Stacks Partners | 7.1.22

Going Concern

Marking a Half-Century of Capital Markets Integrity [ Barron’s ] Former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation John J. GAAP, or generally accepted accounting principles. Brennan writes: The bedrock of that reporting regime is U.S.

Tax 59
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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.

Account 52