Going Concern

APRIL 3, 2023

Let’s get the big news out of the way and work our way down. FINALLY someone who isn’t a Redditor or on the GC payroll says it: The Big Four firms get away with the artificially low pay because of the monopoly they have on new graduates. Again, the larger firms get away with it because they can.

auditor 52

auditor Account accountant accounted 52

Going Concern

APRIL 24, 2023

The study found that audit firms “are significantly more likely to remove” a partner from a continuing engagement when the partner issued an adverse internal control opinion in the previous year. WaPo discusses recent layoffs : Consulting firm Deloitte said in a statement that its “U.S. Do you pay them any differently?

audit 52

audit Account accountant accounted 52

Going Concern

NOVEMBER 21, 2022

While agreements on joining teams are much more easily concluded within a firm than between firms, EY’s global chief executive, Carmine Di Sibio, seems to suggest that the economies incurred by smooth contracting are insufficient to keep advisory and auditing in one firm. military to accurately tally its weapons and property.

Ohio 52

Ohio Account accountant accounted 52

PYMNTS

JANUARY 16, 2020

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500 million bailout for debt-burdened taxi drivers and Google modifies its search function to make finding and comparing apparel easier. Apple Makes $200M Acquisition In Race For AI Dominance.

New York 52

New York payroll Government Tax 52

PYMNTS

DECEMBER 6, 2019

In today’s top news in payments, Visa has announced it’s going to begin a new certification program in dispute resolution, as well as fund scholarships that can be used toward the training. Also, the co-founder of Boston-based payments firm Circle will step down from his co-CEO role at the end of the month.

Transportation 52

Transportation Start-ups Retail Account 52

Going Concern

MARCH 21, 2024

An accounting firm you’ve never heard of made the local news in a Tennessee town you’ve also never heard of for the firm moving into 55,000 square feet in a 128,000-square-foot building where 2,000 Citi call center grunts used to work. Why is this news? 1,342) could have been turned into a school.

accounting firms 90

accounting firms Tennessee Account accountant 90

Going Concern

APRIL 9, 2024

The annual 100 Best Companies to Work For list from Fortune and Great Place To Work® is out and once again a lil firm from Michigan has the honor of being best-er than the accounting firms that follow it. Everyone, let’s congratulate Plante Moran for another impressive showing and coming in 12th on the 2024 list.

Michigan 106

Michigan accounting firms Account accountant 106

Going Concern

APRIL 23, 2024

Reported on Friday, Sky News was tipped to a situation at EY UK that could not have been received well by the firm’s 930 equity partners: They won’t be getting record-smashing payouts this year. Of Big 4 firms, they’re usually second to report revenue after Deloitte some time in the late summer/early fall.

Finance 80

Finance 80

Going Concern

APRIL 15, 2024

This morning, Vault released its mildly anticipated 2025 Best Accounting Firms to Work For list and it should be no surprise that PwC has swept the category of Best Accounting Firm for the gazillionth year in a row. This year they also wrestled the title of Most Prestigious back from last year’s #1 firm Deloitte.

accounting firms 89

accounting firms Account accountant accounted 89

PYMNTS

JANUARY 23, 2020

In today’s top news, FedEx officially expanded home delivery to include Sundays, Uber’s CEO believes his company is the most likely ride-hailing service to reach profitability, and the OCC prepares a civil suit against 10 former Wells Fargo executives for their roles in its retail banking scandals. FedEx Officially Launches Sunday Delivery.

auditor 52

auditor Retail 52

Going Concern

MARCH 26, 2024

Last July, Dutch news revealed that least 500 staff at KPMG Netherlands were cheating of the same kind that earned our KPMG a $50 million fine from the SEC in 2019 that, to be fair, was lumped in with much worse attempts to cheat on PCAOB inspections. “So why is this news on an American website?”

audit 107

audit auditor CPA accounting firms 107

Going Concern

APRIL 17, 2024

Ever since the news broke in early 2023 that a PwC Australia partner brought confidential government tax changes back to the firm for the purposes of monetizing it for corporate tax avoidance, the firm has been struggling to crawl out from under the garbage heap of a scandal. Imagine losing business to Grant Thornton.

Government 106

Government corporation tax Tax 106

CPA Practice

FEBRUARY 28, 2024

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. A Robert Half survey found that only 27% of workers in the profession are planning to look for a new job in the next six months. Career opportunities available at your firm?

cpa firm 115

cpa firm CPA accounting and finance Finance 115

Going Concern

FEBRUARY 29, 2024

Thankfully they gave us deficiency rates for the other firms. KPMG News audit deficiencies PCAOB Inspection Reports Top Secret Shit WTF We were warned last year that this batch of PCAOB inspection reports would be “completely unacceptable” but no one said they would be completely unknowable. appeared first on Going Concern.

audit 122

audit 122

CPA Practice

APRIL 10, 2024

This isn’t news to most firm leaders who are continually seeking innovative solutions to attract and retain talent. This thriving talent pool presents a unique opportunity for firm leaders to address the talent shortage by tapping into the skills and capabilities of international professionals.

Technology 106

Technology accounting and finance cpas accounting standards 106

Going Concern

JANUARY 24, 2024

As if public accountants didn’t have enough to worry about, local WLNS of Lansing, Michigan reported today that an accounting firm employee had apparently put ‘unauthorized’ software on colleagues’ phones and laptops. The firm’s president declined to say, saying only the matter was ‘sensitive.’

Michigan 60

Michigan public accounting accounting firms Account 60

CPA Practice

NOVEMBER 28, 2023

By Irina Anghel, Bloomberg News (TNS) KPMG has frozen pay for thousands of its U.K. A spokesperson for the audit firm said that due to soft market demand, raises would be prioritized for staff who have been promoted. The news was first reported by the Financial Times. ©2023 Bloomberg News. Visit at bloomberg.com.

audit 105

audit Account accountant accounted 105

Going Concern

APRIL 2, 2024

Real estate news site The Real Deal reports everyone at PwC’s San Jose office will be moving away from downtown and into new digs soon: Accounting firm PricewaterhouseCoopers has signed a long-term lease for 141,000 square feet in Federal Realty Investment Trust’s Santana Row development, according to a Federal Realty press release.

Real Estate 81

Real Estate accounting firms Account accountant 81

Going Concern

FEBRUARY 26, 2024

Independence [ PDF ] The section on auditor independence is new to PCAOB inspection reports as of last year and has a lot of potential for LOLs. Everyone better review the rules now because we all know the auditors of auditors are looking for any petty thing they can ding firms for these days.

auditor 91

auditor audit Account accountant 91

Going Concern

APRIL 12, 2024

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Williams made the following statement today at a virtual press conference: Since 2021, the PCAOB has sanctioned nine registered firms for exam cheating. Impaired ethics erode trust and threaten the investor confidence our system relies on.

CPA 87

CPA auditor Tax audit 87

Going Concern

APRIL 18, 2024

I wish I’d written this news up hours ago when I got a PR email about it, AT scooped us. Here’s the news as it was delivered to me: Today, PwC US’ next senior partner, Paul Griggs, introduced our new leadership team—the Operating Committee. You can get to know them here: [link].

audit 107

audit Texas Technology Legal 107

CPA Practice

MARCH 28, 2024

Donald Scholl, who provided management consulting and training services to hundreds of public accounting firms during the course of his more than 40-year career and created many development programs for CPAs, including the popular Management for Results, has passed away. He was 88 years old. Scholl Inc., based in West Chester, PA.

CPA 64

CPA Pennsylvania cpa firm cpas 64

Going Concern

APRIL 2, 2024

I noticed today that this July 2023 article on EY Oceania’s culture problems was getting an unusual amount of traffic over the past few days, a phenomenon that could only mean one thing: EY’s culture problems must be back in the news and not for anything good. Lo and behold, my instinct was correct.

auditor 67

auditor accounting firms audit Account 67

Going Concern

MARCH 1, 2024

FORVIS made the local news for moving the Louisville office from the ‘burbs to downtown where the real office grunts work. Accounting firm FORVIS moves to top floor of PNC Tower in downtown Louisville [ WHAS ] The post FORVIS Shows Off Its New Office In Loo-Ville appeared first on Going Concern.

accounting firms 56

accounting firms Account accountant accounted 56

Going Concern

MARCH 30, 2023

Like Accenture, McKinsey doesn’t get much lip service on this website but it is worth talking about here because cuts from non-Big 4 consulting firms reflect the overall health of the consulting market which therefore effects the firms we do write about. The market may be heading toward suck is what we’re saying.

108

108

Going Concern

JANUARY 17, 2024

Fresh from Dallas Morning News : Another major tenant in one of downtown Dallas’ legacy skyscrapers is headed Uptown to a new building. Deloitte moving workers from downtown Dallas to new Uptown tower in huge office lease [ Dallas Morning News ] The post Deloitte Is Getting a New Office in Dallas appeared first on Going Concern.

Real Estate 103

Real Estate Construction Maine 103

CPA Practice

NOVEMBER 27, 2023

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. The leadership teams of H&CO and Grennan Fender will work closely to ensure a smooth transition for clients, the firms noted in a news release. The firm had revenue of $31.2

cpa firm 105

cpa firm CPA Florida tax planning 105

CPA Practice

APRIL 9, 2024

A 2023 Thomson Reuters study found that 52% of surveyed accounting firms believe generative AI should be used for tax, accounting and audit work. One simple, universal example: if your firm records a meeting, automation tools may be used to automatically generate a transcript.

Technology 119

Technology Account accountant accounted 119

CPA Practice

NOVEMBER 28, 2023

By Ari Altstedter and Esteban Duarte, Bloomberg News (TNS) Big Four firm PricewaterhouseCoopers has cut its workforce in Canada by 2% as sustained high interest rates push that nation’s economy toward a recession. ©2023 Bloomberg News. Preliminary data show output contracted 0.1% in the third quarter after registering a 0.2%

102

102

Going Concern

APRIL 26, 2024

This past February, the PCAOB released KPMG’s 2022 inspection report but inexplicably redacted the firm’s deficiency rate. Such as: · The other 13 reports issued along with KPMG’s included each firm’s Deficiency Rate, including the other three Big 4 firms. VERY strange. Why was KPMG handled differently? ·

audit 64

audit Texas 64

CPA Practice

MARCH 7, 2024

Augusta Saraiva Bloomberg News (TNS) Applications for U.S. While initial claims have remained subdued, recurring applications have been trending higher in the past six months, suggesting it may be taking longer for people who lost their jobs to find a new one. New York accounted for the majority of the increase.

New York 105

New York Technology Account accountant 105

PYMNTS

AUGUST 23, 2019

Adyen Gains Traction With Mid-Market Firms. Dutch payments processor Adyen showed significant double digit, first half gains, driven by online commerce and global business from mid market firms. The firm’s net income was up 92 percent and its growth outpaced its top-line momentum.

Finance 46

Finance Retail Technology 46

Going Concern

MARCH 13, 2024

Per the lawsuit, Phan resigned from BDO on January 9, 2024 and subsequently told the firm he was taking a new position at Ankura. The post BDO Lawsuit Alleges a Defector Took the Team With Him When He Jumped Ship to Another Firm appeared first on Going Concern. Tipsters are always anonymous.

Healthcare 91

Healthcare New York 91

Going Concern

OCTOBER 18, 2022

CohnReznick announced a merger with Dallas firm BKM Sowan Horan and the Dallas Morning News took the opportunity to trumpet the happy nuptials of the official accounting firm of the Dallas Cowboys. Dallas Morning News : CohnReznick, the 15th largest accounting firm in the U.S. Terms of the deal weren’t disclosed.

Account 84

Account accountant accounted Texas 84

Going Concern

NOVEMBER 8, 2023

KTVN in Reno has covered the CPA shortage and in order to do so because local news reporters rarely even think about accountants much less report on them, the news spoke to the incredibly candid Mark Bailey, managing partner and founder of Excelsis Accounting Group. ” Kind of. ” Kind of.

accountant salary 95

accountant salary audit Nevada public accounting 95

Going Concern

AUGUST 25, 2023

Best of the Best is not to be confused with the IPA 500 which is also a ranking of firms by revenue but completely different from that ranking. and Canadian firms that participated in IPA’s 33rd Practice Management Survey, the 2023 IPA Best of the Best come in all sizes, ranging from $3.2 Chosen from 600 U.S. million to $1.6

public accounting 86

public accounting accounting firms Account accountant 86

CPA Practice

MARCH 18, 2024

By Irina Anghel, Bloomberg News (TNS) Deloitte is looking to overhaul its structure as the professional services firm looks to cut costs ahead of a market slowdown, according to the Financial Times. A spokesperson for Deloitte said the firm had recently completed a process “to modernize and simplify” Deloitte’s strategy.

audit 59

audit Legal Maine accounting firms 59