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Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23

Going Concern

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. million to federal political parties from July 2012 to June 2022, and when KPMG ($1.1

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The PCAOB Did Not Appreciate Being Left Out of a Foreign Audit Firm’s Use of Foreign Auditors

Going Concern

Because Smythe is registered with the PCAOB, their rules require that a registered public accounting firm and its associated persons comply with the Board’s auditing and related professional practice standards. Expect more of these fines to come, the PCAOB made use of other auditors one of its many nitpicking pet issues last year.

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Monday Morning Accounting News Brief: ‘Auditors Are Not Lawyers’; Big 4 Break Up? | 7.31.23

Going Concern

With days to go before the end of a consultation period on the proposal from the Public Company Accounting Oversight Board, (PCAOB) they are trying to sign up their clients to oppose the plan, saying that audit fees will soar if the changes go through. and Congressman Jason Smith, R-Mo., That’s all I’ve got.

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AuditClub Appoints PwC Veteran in Leadership Expansion

CPA Practice

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

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

Going Concern

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

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Here’s Everything We Know So Far About 2022 Accounting Salary Projections

Going Concern

Let’s start with the salary guide to beat all salary guides: the 2022 Accounting & Finance Salary Guide from Robert Half. According to trusty ole Bob, starting pay in each of the 10 public accounting roles included in the 2022 salary guide is expected to rise by an average of between 1.4% Entry-level tax accountant: 2.6%.

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

” The updated version, issued on September 28th, removes problematic language which could be construed as indicating that internal auditors are not inherently trustworthy and unable to exercise due care in the performance of their duties.

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