article thumbnail

Friday Footnotes: EY Partners Are Split on the Split; PCAOB Further Annoys Auditors; Recruiting Events Are Back! | 3.31.23

Going Concern

auditors who believe their part of the firm could end up weakened by a deal. audit, tax and advisory firm, as title sponsor in an effort to advance equity, access and opportunity for underrepresented and underrated youth in the sport of golf. John King and Frank Mahoney, senior U.S. He previously held various tax roles at KPMG.

auditor 102
article thumbnail

KPMG Leads in IPO Audit Clients for Q1 of 2024

CPA Practice

The Big Four firm was the auditor for eight of the 46 IPOs, tops among the 20 different firms with at least one IPO audit client in Q1. KPMG audited Amer Sports, a global group of outdoor wear and sports companies based in Finland, which was one of two companies that raised more than $1 billion in proceeds, known as a “unicorn IPO.”

audit 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Auditors Ready To Drop Riskiest Corporate Clients

PYMNTS

As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., Grant Thornton is expected to divest Sports Direct as a client next month amid rising concerns over the company’s accounting practices, with the auditor separately announcing plans to take a “line by line” review of its clients.

auditor 40
article thumbnail

Residential Energy Credits: Invest in Clean Energy Solutions To Qualify

Cherry Bekaert

A vehicle is qualified for this tax credit if it: Has a battery capacity of at least seven kilowatt hours Has a gross vehicle weight rating of less than 14,000 pounds Is made by a qualified manufacturer Final assembly takes place in North America A few items to note: Fuel cell vehicles do not need to be made by a qualified manufacturer to be eligible (..)

auditor 90
article thumbnail

Our Obsession with Hours Is Destroying the Accounting Profession

CPA Practice

Students unwilling to pay the high cost to obtain a master’s in accounting sign up for courses in areas such as sports or personal development to achieve the extra 30 semester hours required to become a CPA. Aspiring auditors and experienced professionals alike are recognizing the shortcomings of the educational and billable hour metrics.

Account 136
article thumbnail

Accountants Are the Referees of Business, Says Guy Who Would Know

Going Concern

.” To put things into perspective for the normies who may not understand that accountants’ work is critical to the entire foundation of our financial system, he likens accountants to referees, the order-keepers of sports: “We may not always like the referees, but sports is a free-for-all without them,” he said.

Account 96
article thumbnail

Listen Up, Young Accountants: Career Advice For Sticking Out Those Early Years

Going Concern

The hallmark of a great auditor is not just understanding debits and credits, but understanding how the client makes money and the economics and the cash flows,” added Maginnis. “A It could be sports and entertainment, tech companies, life science companies.”