article thumbnail

Monday Morning Accounting News Brief: PwC Auditor Hurt; Deloitte Tops a List; EY Writes the Treasury | 8.22.22

Going Concern

PwC is being sued by a 28-year-old auditor who claims he suffered a serious head injury after attending a work event that involved an “excessive” drinking game of pub golf. A former senior accountant for a Chicago construction company has been indicted on federal fraud charges for allegedly embezzling millions in company funds.

auditor 56
article thumbnail

Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Partner Accountability a ‘Gigantic’ but Overlooked Issue in CPA firms, Consultants Say [ INSIDE Public Accounting ] Most firm leaders believe strategic planning is important, but where firms often fall short is execution – particularly when it comes to holding partners accountable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In the Trenches: My Three Least Favorite Audit Rooms

Going Concern

Audit rooms come in all shapes and sizes—usually small, often windowless, sometimes with chairs you can actually sit on, and almost always as far away from the finance/accounting department as possible. After eight years in public accounting, I have loads of unforgettable audit room experiences. The construction trailer.

audit 60
article thumbnail

Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., Former NSW Supreme Court justice Anthony Whealy, KC, now the chair of the Centre for Public Integrity, said the federal anti-corruption legislation could catch government contractors, such as PwC, and operated retrospectively.

CPA 103
article thumbnail

Tuesday Morning Accounting News Brief: EY and PwC Get a New Scandal; Stop Trying to Make Sexy Accountants Happen | 1.16.24

Going Concern

Accountants from EY and PwC are braced for questioning by the public inquiry into the Post Office scandal, which is expected to turn its attention to the embattled institution’s external auditors later this year. As reported by Canadian Accountant, Marcum agreed in September 2023 to pay $1.2 ” Introspection huh?

Account 92
article thumbnail

Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

We’ll see how those trends unfold overtime as the economy continues to shift,” says Adam Batechlor, chief strategy and innovation officer at the Pennsylvania Institute of Certified Public Accountants (PICPA), which conducted the survey of more than 300 CPA firms in the state with Hinge Research Institute.

audit 95
article thumbnail

Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

Two senators cited an EY report prepared for lobby group Master Builders Australia (MBA) and released during the May federal election campaign as evidence that dodgy modelling had been used to exaggerate the economic cost of disbanding the Australian Building and Construction Commission. After 1,600 auditors combed through DOD’s $3.5