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Bonus Season Is Not Looking Good at the King’s KPMG

Going Concern

The big four firm told staff in its mid-year update last week that some bonuses would be slashed by as much as half while sales staff were told their commission could be held back until the end of the year. Staff were already told in March there would not be mid-year promotions in 2023, in audit anyway. has learned.

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Digital Workflow in Intuit ProConnect Tax

CPA Practice

Chris Picciurro, founder of Teaching Tax Flow , articulated the high cost of demanding accounting jobs. Honestly, I missed the first five years of my older kids’ lives,” Picciurro told an audience of accounting professionals during Intuit’s Better Together NYC event. “At At that point, I said, ‘It’s them or me.’

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Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Going Concern

Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. Heredia, 29, started an accountant job at a small Tampa, Florida firm, with the promise that her $60,000 base salary would rise to $100,000 after one year.

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Friday Footnotes: EY Money Troubles; Fast Food > Public Accounting; From Athlete to Associate; | 12.16.22

Going Concern

Leaders of the accounting powerhouse are talking to private-equity firms as they draw up plans for the sale of EY’s consulting arm, the people familiar with the matter said. Quiz: Test your remote audit knowledge [ Journal of Accountancy ]. Remote audits are the new norm for firms for many strategic reasons.

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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.

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Friday Footnotes: KPMG Is Twice as Bad as Other Firms; Upskill or Die; Hella M&A | 10.21.22

Going Concern

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. Other Stuff.

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Wall Street Journal Addresses the Accountant Shortage, Suggests a Recession Could Fix It

Going Concern

I made my entrée into accounting way back in 2007, at the time my job involved a three-hour roundtrip journey across four Bay Area counties and back and I was looking for something a bit closer to home. accounting and audit roles totaled roughly 177,880 jobs this year through Nov. The number of postings for U.S.

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