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Monday Morning Accounting News Brief: Bad Audit Haunts EY; Big 4 RTO in India; Why Can’t PwC Hire?? | 3.20.23

Going Concern

From Forbes’ America’s Best Management Consulting Firms : For the second year in a row, both Bain & Company and Deloitte were the most-recommended consultancies, with star ratings in all 32 categories. They were followed by Boston Consulting Group and McKinsey & Company, with star ratings in 31 categories.

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Friday Footnotes: KPMG’s Idea of a Fun Summer; IRS Eats Their Homework; Downsized GT Downsizes | 5.13.22

Going Concern

The UK accounting regulator asked the industry tribunal to fine Pratik Paw £50,000 and ban him from the profession for four years for his part in the deception of its inspectors during a review of KPMG’s auditing of UK outsourcer Carillion. Months after remote-work offer, PwC’s D.C. Months after remote-work offer, PwC’s D.C.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. The median pay advertised for entry-level management consulting and financial analyst roles, by contrast, was $70,000 and $75,000, respectively. .”

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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

Practice How one small firm drastically cut its busy-season hours [ Journal of Accountancy podcast ] Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season. Today, Johanna remains a full-time partner at the firm, and her son, Dalton Sweaney, CPA, is now the managing partner.

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Friday Footnotes: Eff You, Pay Me; KPMG is Reading Your Thoughts; EY Adds Meme Coins to Blockchain Tech | 2.24.23

Going Concern

9 in 10 Accounting and Audit Firms Struggle to Find Talent [ CPA Practice Advisory ] Sensing a pattern here… What is the fastest-growing challenge facing accounting firms and internal audit departments today? “We have access to some of the greatest minds in the Seattle landscape through who our clients are.”