article thumbnail

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.

auditor 105
article thumbnail

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.

cpas 86
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Going Concern

The Big Four accounting firm is considering adding about 85 U.S. The figures include both partners and principals, which are partners who aren’t certified public accountants. However, he emphasized that securing one of them as Tether’s auditor is a high priority for the company. Currently, with a market cap of over $109.5

cpas 88
article thumbnail

Professionals on the Move – Dec. 2023

CPA Practice

Nationally Ranked Accounting Firm Welcomes New Forensic and Litigation Principal Windham Brannon , an INSIDE Public Accounting Top 200 Firm, recently welcomed Kevin Bennett as a Principal for the firm’s Forensic and Litigation Services practice in October 2023. David Winter, Ga. Denise Zaharoff, Ga.

Iowa 52
article thumbnail

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. According to court documents, Stewart was employed as a certified public accountant in Bakersfield. Talbert announced.

Arizona 78
article thumbnail

Friday Footnotes: PwC Is Tops in M&A Advisory; What You Can Do With a MAcc; EY Consolidates in LatAm | 4.28.23

Going Concern

The setback for auditor partners is especially severe when their ICOs are somewhat subjective and when they focus on more important clients, according to the study published last month by academics at the University of Arkansas, Colorado State University and the University of Kansas.

Colorado 103
article thumbnail

Monday Morning Accounting News Brief: Gen Z Ruins Accounting; EY Hammers Out Some Deets; Internal Control Controversy | 12.05.22

Going Concern

Scupin Professor at the University of Kansas School of Business. They assume since management is doing the internal control evaluation themselves, the auditor opinion does not matter. Gen Z is ruining the public accounting meat grinder. Not only is the cost high, but firms don’t feel it has value.

Account 52