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Friday Footnotes: Inside PwC Cheating; Audit Market Monopoly; AI Anxiety | 12.15.23

Going Concern

Cheaters What went wrong at PwC Canada: Accounting firm agrees to pay $1.45-million million to settle exam cheating scandal [ Canadian Accountant ] The Canadian member firm of PricewaterhouseCoopers International has agreed to pay the Chartered Professional Accountants of Ontario $1.45

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PwC Locks Down Top Spot in Vault’s Best Accounting Firms Ranking for 2025

CPA Practice

Vault’s ranking for 2025 came out Monday morning, and for the 12th straight year, PwC was named the top accounting firm in the U.S. Accountants at peer firms tell us that PwC is ‘the gold standard of audit and puts the other audit firms to shame,’” Vault said in a media release. in 2020 , 3.6%

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PwC Once Again Tops the Vault Accounting 25, EY Almost Didn’t Make the List

Going Concern

The Accounting 25 rank tells us factors other than prestige — like culture, satisfaction, compensation, and training — pushed PwC to #1. PwC also ranks first in all three Practice Area Rankings (Audit & Assurance, Tax, and Forensic Accounting). EY came in allllllll the way down at #25 with a score of 2.984.

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Plenty of Other Firms Were Winners in Vault’s 2024 Accounting Rankings

CPA Practice

But those weren’t the only firms to receive kudos from Vault, a website that provides career resources and advice to students and job seekers. Each year Vault recognizes the top accounting firms in several different workplace categories, based on the feedback it receives from a survey of accountants.

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TIGTA Does Some Digging on the Revolving Door Between the IRS and Large Accounting Firms

Going Concern

The Congressional request specifically noted interest in large accounting firms. The request, received by TIGTA on February 18, 2022 urged TIGTA to “open an inquiry into the revolving door between the country’s top accounting firms and the Federal Government and to inform Congress and the public about [TIGTA’s] findings.”

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The danger of overheard conversations

Accounting Insight

Sitting in this space means it’s entirely possible that you might hear the telephone conversations being made or received – including who the receptionist is talking to, who they are transferring calls to and which services the caller might need, perhaps insolvency support, audit expertise or tax advice.

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BDO Says It Is No Longer Doing Business In Russia and Belarus

Going Concern

The latest top accounting firm to turn its back on Russia and Belarus is No. This will preserve all the advantages of participation in the international network, namely the right to use intellectual resources: methodology and a global knowledge base, special audit IT applications, Pogulyaev lists.

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