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Monday Morning Accounting News Brief: Messing with Texas Costs EY $3 Million; CPA Says Blame Yourself, Not Your CPA | 11.13.23

Going Concern

And EY news from elsewhere: the Texas Board of Accountancy has fined EY $3 million for cheating. “The action represents the Board’s message to all Texas licensees that the Board will not tolerate any form of professional misconduct,” said TSBPA Executive Director William Treacy. It makes sense. Baker Tilly (No.

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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”.

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