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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? the auditor of Tesla Korea, about the company’s financial statements for last year.

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Friday Footnotes: Higher Salaries Lead to Higher Fees; EY Auditors Quit; Senator Rags on Greedy Accounting Firms | 1.27.23

Going Concern

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.

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Friday Footnotes: KPMG Hires Ex-Prisoners; Notes From PwC’s All-Hands; Why CPAs Are Leaving | 4.26.24

Going Concern

Accountant Shortage PIPCA Survey Sheds Light on What Existing CPAs Want and Why Some are Leaving [ INSIDE Public Accounting ] Accounting firm business models need to change to retain and attract CPAs amid the worst talent shortage in recent history, the Pennsylvania Institute of Certified Public Accountants (PICPA) asserts in a new survey.

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Friday Footnotes: PwC Slashes Partner Class; Accounting Firm Rescues Dog; Do We Still Need CPAs? | 4.19.24

Going Concern

CPAs Have a Branding Problem for the Younger Generation [ CPA Journal ] By Jason L. Ackerman, CPA, CFP, CGMA Probably the hottest topic in the profession over the past few years has been the pipeline problem: Firms can’t find qualified individuals to handle the increasingly complex world that CPAs deal with on an ongoing basis.

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Friday Footnotes: Deloitte’s Naughty Workpapers; Audit Reform Critics; Clients Getting Dropped Like Mics | 3.4.22

Going Concern

Meanwhile on Twitter, our friend Sam Antar is still roasting the KPMG auditors (well, technically Peat Marwick) who let the Crazy Eddie fraud slip through their horny little fingers: Two hookers and an auditor. in Tax Season ‘Chaos’ [ New York Times ] At the Internal Revenue Service’s sprawling Kansas City, Mo.,

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

ICYMI | Get Ready for the Future of Auditing [ CPA Journal ] The increasing use of technology is changing how businesses operate, which methodology and technology auditors use, and what career paths they follow. Arizona Auditors Found $1.8 Arizona Auditors Found $1.8 million from an education program.

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Monday Morning Accounting News Brief: Identical Twins Head to Deloitte; TWO PwC Leaks; VA Tackles 150 | 5.15.23

Going Concern

” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA? Is it time to reimagine how we prepare CPAs for an increasingly evolving profession?

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