article thumbnail

Friday Footnotes: A Billion Dollar AI Audit Startup; Oops, All Independence Violations!; Bipartisan Tax Vote | 2.2.23

Going Concern

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Paul McNab, formerly tax partner for 22 years, is challenging a key clause in the firm’s retirement plan that denies pension payments to partners – which are worth around $140,000 a year – if they leave to work for a “major competitor”.

audit 113
article thumbnail

TIGTA Does Some Digging on the Revolving Door Between the IRS and Large Accounting Firms

Going Concern

The Treasury Inspector General for Tax Administration released a report Tuesday [ PDF ] they initiated in response to a Congressional request from Sen. to evaluate employees moving between large accounting firms and the IRS, a.k.a The Congressional request specifically noted interest in large accounting firms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Accounting firms: your guide to outsmarting the UK talent shortage

Accounting Insight

Outsource basic accountancy tasks Using service for basic tasks, such as bookkeeping, tax, and year-end accounts, removes the problem of recruiting junior staff in one easy hit. Get inspiration from this Top Accounting Firms to Work For , which contains a helpful list of the criteria against which staff judge employers.

article thumbnail

Friday Footnotes: Inside PwC Cheating; Audit Market Monopoly; AI Anxiety | 12.15.23

Going Concern

There’s a reason the Big Four firms often schedule key staff up to 3,000 hours annually for hundreds of dollars (or GBP) per hour. Discovery ends, meaning that the company can get involved in possible M&A without having to worry about a tax penalty. Lucky for you Accountingfly has tons of great accounting talent to choose from.

audit 108