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Friday Footnotes: EY and KPMG This Week’s Big 4 Lawsuits; Eliminate Accounting Majors?; Auditors Fire Messy Municipal | 4.29.22

Going Concern

Less work for EY auditors? What about more accountability [ Financial Times ] “Quality before growth, quality before margin.” over claims of negligent auditing spanning six years, escalating an intense battle over the hospital operator’s collapse. Colón said in an interview Tuesday the city was “essentially fired by its auditor.”

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Friday Footnotes: No Foolin’ Here; 18,000 New Accounting Jobs; Skills Auditors Need NOW to Be Future-Ready | 4.1.22

Going Concern

in accounting [ Accounting Today ] Some of the main job gains occurred in leisure and hospitality, and professional and business services, along with retail trade and manufacturing. Ah, memories. 431K jobs added in March, with 18.2K Congress must treat this with the same degree of urgency as the nation’s crumbling infrastructure.”

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Top Remote Accountants of the Week | May 16, 2024

Going Concern

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

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Top Remote Accountants of the Week | May 2, 2024

Going Concern

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

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Monday Morning Accounting News Brief: Pissed Off Wipfli Employee Got the Office Shut Down; New PwC Flight Rules | 12.11.23

Going Concern

In new research, Matthias Breuer, Anthony Le, and Felix Vetter find that when companies are required by the government to seek a third-party financial audit, they turn to lower quality auditors. At first sight, this result appears puzzling as it seems to suggest that more auditors can be attracted with lower wages.

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As KPMG UK Gets Hit With a Record Fine, the Boss Admits the Auditing Was “Very Bad”

Going Concern

When Carillion collapsed in 2018, 3,000 people lost their jobs and 450 public sector projects including hospitals, schools and prisons were plunged into crisis. These breaches are particularly serious because of threir impact on the credibility of the opinions and reports issued by the auditor.

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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

That’s led to widespread strikes across the UK economy, encompassing railways, schools, nurses, hospitals and the postal service. UK companies brace themselves for escalating battles with auditors [ Financial Times ]. Crypto auditors are disappearing right when the industry needs them [ Quartz ].

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