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Monday Morning Accounting News Brief: The Least Amount You’ll Make at Big 4; Carmine Gets a Sword Show | 4.22.24

Going Concern

According to the US Office of Foreign Labor Certification data, EY entry-level accountants and auditors earn $54,000 a year and up. Deloitte discusses AI in auditing and necessary upskilling for auditors current and future: The evolution of skills for auditors is imperative in the era of AI integration.

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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

Sierra, a 23-year-old associate in New York is feeling “horrible” pressure to perform so she is not laid off. These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000.”

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Wirecard Seeks Forensic Investigation Into Its Collapse

PYMNTS

Once worth $28 billion before it collapsed last month, Wirecard has contracted with Alix Partners, the New York-based forensic accounting firm, to explore the two missing deposits in Philippines banks totaling more than $2 billion uncovered by its auditor Ernst & Young and nearly $4 billion it owes creditors.

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

Going Concern

UK companies brace themselves for escalating battles with auditors [ Financial Times ]. UK companies are gearing up for conflicts with auditors next year as economic and political uncertainty add to the difficulty of signing off accounts and forecasting financial outlooks. Current rules don’t require this. Name checks out.

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

Going Concern

He will be starting as an investment-banking analyst for the technology, media and communications team in New York City at Lincoln International this summer. The town of Pembroke Park said it needs to find out, and commissioners will be asked to approve a six-figure contract with a forensic accounting firm as early as this month.

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Friday Footnotes: Consulting Gets Bumpy for New Hires; Cities Sans Accountants; PCAOB Priorities | 4.21.23

Going Concern

The withdrawal is “catastrophic,” said Miranda Meginness, Marion’s auditor. Outlier.org, Urban Assembly, and New York City Public Schools Launch Program to Bring Financial Accounting to High School Students [ PR Newswire ] The incomparable Kelly Richmond Pope of DePaul University is the course’s lead lecturer.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

But federal monitoring is making a comeback under new leadership. How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. company, in a process riddled with conflicts of interest. AI Is your firm keeping pace?

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