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Budget season has begun, and financial teams need to get together to plan for 2023. But are you ready? A business owner cannot afford not to have a budget in place for the new year. Budgeting is about making plans, identifying opportunities, and keeping the doors open for the following year. Developing the budget for next year doesn't have to be challenging.
Today in Auditors Not Doing Their Jobs, the SEC has charged RSM, three senior-level employees who work there, and a couple partners with improper professional conduct for failing to properly audit Revolution Lighting Technologies Inc.’s financial statements over a four-year period when Revolution was violating accounting principles by inflating revenue with bill and hold sales.
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ICYMI yesterday, we reported that starting salaries for public accounting next year are expected to increase between 2.3% and 5.8% , depending on the position and an employee ’s experience, according to data we analyzed from Robert Half ’s 2022 and 2023 Accounting & Finance Salary Guides. Last year around this time we looked at how public accounting starting salaries in five cities with the highest cost of living —San Francisco, New York City, Washington, DC, Boston, and Seattle—compared to
Psst. While you’re here, have you thought about getting on our newsletter ? No? Alright. Big 4. Average income of Deloitte’s partners in UK and Switzerland tops £1m [ The Guardian ]. Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after the accountancy firm enjoyed another successful year.
Increases in public accounting starting salaries for next year aren ’t expected to even hit 6% , we reported a couple days ago after examining salary data from Robert Half’s 2022 and its newly released 2023 Accounting & Finance Salary Guides. At least those of you who work in/live within or near cities with the highest cost of living in the U.S. could see starting salaries in public accounting between 23% and 38% higher than the national averages in 2023.
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