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The Importance of a Month-End Close Process

Withum

This is important for several reasons: Proper classification of activity will make the monthly financial statements as accurate as possible when being used to assess operating results. Having up-to-date account balances summarized on the financial statements can indicate to management if there is adequate cash to cover future needs.

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Monday Morning Accounting News Brief: Bad Audit Haunts EY; Big 4 RTO in India; Why Can’t PwC Hire?? | 3.20.23

Going Concern

From Forbes’ America’s Best Management Consulting Firms : For the second year in a row, both Bain & Company and Deloitte were the most-recommended consultancies, with star ratings in all 32 categories. Or just Monday, I’m not here to force emotional responses. billion if NMC is successful at trial.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

The median pay advertised for entry-level management consulting and financial analyst roles, by contrast, was $70,000 and $75,000, respectively. This declaration was made due to inadequate financial statements and records that hindered the completion of an audit. Regulator Says [ Wall Street Journal ] Several U.S.

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Friday Footnotes: Eff You, Pay Me; KPMG is Reading Your Thoughts; EY Adds Meme Coins to Blockchain Tech | 2.24.23

Going Concern

the management consulting firm known for often recommending layoffs to companies in distress, plans to slash about 2,000 jobs as part of a restructuring plan of its own, according to reports Tuesday. McKinsey will reportedly cut about 2,000 jobs amid restructuring [ MarketWatch ] McKinsey & Co.,

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Friday Footnotes: Deloitte Partner Scammed By Other Deloitte Partner; Big 4 Legal Grows; A $3.5 Billion Error | 2.17.23

Going Concern

KPMG to cut about 200 staff amid consulting work slowdown [ Australian Financial Review ] This is separate from KPMG US layoffs announced earlier this week. The firm, which increased its staff headcount by more than 2000 last year, will begin a business-wide review to determine the exact number and roles that will be targeted.

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The value of audit certification and what it means for tax firms

ThomsonReuters

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co.,

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Friday Footnotes: KPMG’s Idea of a Fun Summer; IRS Eats Their Homework; Downsized GT Downsizes | 5.13.22

Going Concern

. “And in this disrupted environment, the finance-accounting team’s ability to say what the company can and can’t support financially — that’s going to be a critical part of all these decisions.” US sanctions ban provision of accounting, consulting services to Russia [ Journal of Accountancy ] Expanded U.S.

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