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Minnesota Throws TPTB the Finger and Introduces Legislation to Offer an Alternate Pathway to CPA Licensure

Going Concern

Given this, it is our pleasure to inform you that bills have been introduced to the Minnesota legislature — HF 1749 and SF 1660 — that would add an alternative pathway of 120 units and two years experience, while leaving the option to go down the state’s existing 150 hour path as well. Minnesota Statutes 2022, section 326A.03,

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

Going Concern

PwC chairman refuses to share tax leaks scandal investigation with Australian parliament [ The Guardian ] PwC’s global chairman, Bob Moritz, has refused to comply with a request from the Australian parliament to share a copy of an investigation used to contain the tax leaks scandal to Australia. This S**t Is Still Going On?

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150 Hour Rule: Let’s Keep Arguing About What Color the Drapes Should Be While the House is Burning Down

Going Concern

Amanda Iacone at Bloomberg Tax has written the accounting niche’s 1,735th article about the accountant shortage and this time, as is often the case, the focus is 150 hours. And Julie Blaha, Minnesota state auditor: “This is now a severe shortage, and it is causing a tsunami of problems.

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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

TPB slaps 5-year ban on accountant involved in $26m fraud [ Accountants Daily ] The Tax Practitioners Board has slapped a five-year ban on a Sydney accountant charged with stealing $26 million through his firm to fund a lavish lifestyle and gambling addiction. We were not willing to let Mr Carter continue practising.”

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach [ PR Newswire ] Cherry Bekaert is pleased to announce the completion of an acquisition transaction with PKF Mueller, a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area. This move, effective Nov.

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Monday Morning Accounting News Brief: Wealth Management Is a Bust For Firms; Old Guys Struggling to GTFO | 2.5.24

Going Concern

The Mandarin has a PwC tax scandal update , apparently they filed their required compliance report early so staff could be off for the holidays. Here’s a guy who started interning at a Minnesota firm in 2013 who just made partner. The next year he was hired as a staff accountant and worked with audits, reviews and compilations.

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Monday Morning Accounting News Brief: PwC Takes More Ls; Mazars Group Data Breach; Deloitte Expands in India | 5.22.23

Going Concern

Reuters is reporting that the government will take further steps in response to the leak of government tax plans by PwC and that the matter could be referred to the Australian Federal Police. Some lawmakers have called for a total ban on granting the auditor more government contracts. PwC declined comment on Monday. ‘Grats, Alec.

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