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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

TPB slaps 5-year ban on accountant involved in $26m fraud [ Accountants Daily ] The Tax Practitioners Board has slapped a five-year ban on a Sydney accountant charged with stealing $26 million through his firm to fund a lavish lifestyle and gambling addiction.

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

Johnson continues, “If accounting firms want to venture deeper into the world of financial planning or wealth management, I suspect they would not be able to find enough CPAs with the necessary skill set to easily step into the role. We’ll allow gambling on it for a certain amount of time, then we’ll turn the gambling off.

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Friday Footnotes: KPMG Downsizes (Office Space); CPA CPA CPA; Some Good News on Diversity | 8.26.22

Going Concern

Headquarters at Hudson Yards [ Wall Street Journal ] The global audit and consulting firm KPMG LLP is shrinking its New York office space by more than 40%, becoming the latest big company to cut back on real estate as it embraces hybrid work. and China Announce Deal to Share Audits of U.S.-Listed Do we need accounting firms?

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Friday Footnotes: How Much Big 4 Spent on Lobbying Last Year; Super Bowl Bets; CFOs Feeling Good | 2.9.24

Going Concern

Three of the firms also joined industry efforts to designate accounting as a science, technology, engineering, and math—or STEM—field, according to federal lobbying disclosures. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown. Tax Betting on the Super Bowl? “Win big?

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

TSG’s lawsuit filed last August in Los Angeles District Court said that Fox had promised TSG a share of defined gross receipts for pictures under the companies’ long-term participation agreement but that the studio used “nearly every trick in the Hollywood accounting book” to not pay. It didn’t specify which films were examined.

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Professionals on the Move – May 2023

CPA Practice

With this appointment, Roberts assumes the position from Jaime Krug, who will now focus exclusively on her role as Chief Quality Officer where she leads the firm’s quality control policies, procedures, and processes across all business operations, including oversight of the Centri National Office.

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Monday Morning Accounting News Brief: EY’s Paying Big For the Everest Failure; PwC UK Delays Promotions | 2.12.24

Going Concern

That’s been happening across the industry, according to Adrienne Gonzalez, who edits the accounting blog Going Concern. With young people opting for higher-paying fields out of college, Gonzalez said that lots of accounting firms just can’t take on a lot of new business. Some are finding solutions overseas.

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