Remove financial statements Remove Management Consulting Remove public accounting
article thumbnail

Monday Morning Accounting News Brief: Heads Up, the IRS Is Scrutinizing Partnerships; | 6.17.24

Going Concern

The details: In its complaint, the SEC alleged that Rosenberger engaged in accounting misconduct which overstated Synchronoss’ revenue in false financial statements, which allowed the company to meet revenue expectations it otherwise would not have met. Obviously, financial errors can have tangible business consequences.

Account 57
article thumbnail

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

Going Concern

Accountant Shortage There are 340,000 Fewer Accountants, and Companies Are Paying the Price [ Bloomberg ] Aspiring accountants essentially need five years of college to earn a Certified Public Accountant license. Audit Deficiencies by Accounting Giants Grew in Latest Inspections, U.S.

audit 109
article thumbnail

Friday Footnotes: Working 100 Hours a Week (For Real); 99% of Firms Short on Staff; The EY Power Struggle | 8.4.23

Going Concern

Technology With generative AI, start with the basics, EY tells CFOs [ CFO Dive ] The best thing for CFOs today is just “take a look at their operations,” Michael Kelly, partner and management consulting consultant at Big Four accounting firm Ernst & Young said.