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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. Managers earn an average of $320,000 a year, while computer and information systems managers can earn up to $600,000 a year.

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Friday Footnotes: The Profession vs. Gen Z; CPA Firms Get Back to the Office; Deloitte Quits | 6.23.23

Going Concern

Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties. 31 is still not finished.

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Tax Provision Services (ASC 740)

Cherry Bekaert

Our diverse team has experience serving small privately held businesses, large multinational privately held businesses and publicly traded businesses across a broad spectrum of industries, ranging from start-ups to billions in revenue reporting under generally accepted accounting principles (GAAP) and International Financial Reporting Standards.

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Friday Footnotes: Know Your Value; Retired EY Partners Complain; ‘Rest For Success’ | 2.3.23

Going Concern

EY under fire over its two roles at battery start-up Britishvolt [ Financial Times ] EY has come under fire over its switch from adviser to administrator of failed battery start-up Britishvolt as questions mount over a possible conflict of interest created by its twin roles. When is he changing back? “Ha

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Jay Shepulski to Lead Private Equity Practice at Withum

Withum

He led Withum’s SPAC practice which became the auditor of record on over 350 IPOs and raised over $120 billion in proceeds. Private equity drives our economy, providing capital to start-ups through mature companies,” stated Shepulski.

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Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

The models can read documents and pull-out information that auditors are looking for. “It for several years, followed by a stint at start-up company EndoChoice until it got acquired by Boston Scientific Corp. After that first day, Davidson “managed to survive” and eventually shifted his career into corporate finance.

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IRS Getting Serious About Prosecuting ERC Fraud

CPA Practice

The employee retention credit program was designed to provide relief to businesses and tax-exempt organizations that were shut down during the pandemic due to government orders, experienced a decline in gross receipts during that time, or were recovering start-up businesses for the third and fourth quarters of 2021.