Going Concern

MAY 26, 2023

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. million to federal political parties from July 2012 to June 2022, and when KPMG ($1.1

public accounting 104

public accounting Account accounted accountant 104

Going Concern

SEPTEMBER 29, 2023

The London-based global accounting firm officially known as PricewaterhouseCoopers International is in talks to lease three floors at a new office building at 3155 Olsen Drive, across from Santana Row in West San Jose, the San Jose Mercury News reported, citing unidentified sources.

auditor 111

auditor audit New York CPA 111

Going Concern

MARCH 15, 2024

KPMG layoffs by u/corpslave_1998 in Big4 Deloitte fights for another shot at $789M SHARKCAGE cyber contract [ Washington Technology ] Deloitte wants back into the competition for a $789 million Navy contract that was captured by Accenture. The SEC is working on proposals that would enhance disclosures to better protect investor interests.

auditor 116

auditor cpas audit Iowa 116

Going Concern

FEBRUARY 24, 2023

While most people were too cautious to say that the successful inspection of Chinese firms could mean a new era of cooperation between China and the PCAOB, this week we have learned that any of those people who thought that would happen are probably going to be disappointed. It seems China did not take too kindly to that.

audit 105

audit auditor accounting and finance Washington 105

Going Concern

MAY 12, 2023

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

CPA 111

CPA Account accounted accountant 111

Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Auditors are required to include a going-concern warning if they believe there is a risk that the company may go bankrupt, rather than making a prediction that it will. There were 8.5

audit 105

audit auditor Account accounted 105

Going Concern

SEPTEMBER 13, 2024

SEC as EQCF: Statement on Public Company Accounting Oversight Board; Notice of Filing of Proposed Rules on a Firm’s System of Quality Control and Related Amendments to PCAOB Standards [ Statement by SEC Commissioner Hester Peirce ] Auditors play a critical role in maintaining healthy capital markets.

Kansas 105

Kansas audit auditor CPA 105

Going Concern

MAY 31, 2024

Municipal Dumpster Fires Woonsocket city council respond to auditors abruptly quitting [ WLNE Providence ] Shout-out Mary Sahady who finally had enough of this b t and told this messy client to get bent. Woonsocket officials are hoping city auditors will change their mind, after they abruptly quit this past week.

auditor 106

auditor audit accounting and finance New York 106

Going Concern

FEBRUARY 24, 2023

Talent The new math in recruiting at accounting firms [ Puget Sound Business Journal ] You have to scroll way too far down in this article to see a mention of salary. It’s part of a larger trend of accounting firms trying to find young talent as the industry wrestles with staffing shortages.

Technology 105

Technology audit Healthcare auditor 105

Going Concern

APRIL 1, 2022

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. Over the past year, average hourly earnings have increased 5.6%.

auditor 52

auditor accounts jobs accounting jobs accountant jobs 52

ThomsonReuters

JUNE 24, 2024

” In a number of states, like California, Washington, and Wisconsin, the dormancy period is one year. She additionally mentioned that simply providing a contract showing a third-party payroll administrator handles unclaimed property reporting is insufficient for auditors.

accounting firms 52

accounting firms payroll West Virginia Account 52

CPA Practice

JUNE 24, 2024

But a recent industry survey found that 42% of accounting firms are doing exactly that. Separate research from Robert Half for the 2024 Demand for Skilled Talent report confirms that most hiring managers for accounting and finance organizations (87%) are facing challenges recruiting talent right now. The reason?

cpa firm 116

cpa firm accounting and finance CPA Technology 116

Going Concern

NOVEMBER 4, 2022

Tax and accountancy firm Grant Thornton Malaysia PLT has come out to defend its managing director Datuk Narendrakumar Chunilai (NK Jasani), who was slapped with money laundering charges involving RM115 million belonging to Sabah Forest Industries Sdn Bhd (SFI). Firm M&A. to Yum China Holdings Inc.

audit 98

audit Account accounted accountant 98

CPA Practice

JULY 30, 2024

But a recent industry survey found that 42% of accounting firms are doing exactly that. Separate research from Robert Half for the 2024 Demand for Skilled Talent report confirms that most hiring managers for accounting and finance organizations (87%) are facing challenges recruiting talent right now. By Steve Saah. The reason?

cpa firm 113

cpa firm CPA accounting and finance Technology 113

Going Concern

JULY 29, 2024

Oh and reminder: the Institute of Chartered Accountants of India (ICAI) is working on a plan to consolidate India’s 96,000 little accountancy firms into mega-firms that they think could compete with Big 4 on the global stage. INSIDE Public Accounting continues to tease the upcoming release of the IPA 500.

CPA 116

CPA Account accounted accountant 116

Going Concern

APRIL 6, 2022

Tax accountant, 1-3 years’ experience: 1.6%. Entry-level tax accountant: 2.6%. Senior auditor: 1.6%. Auditor, 1-3 years’ experience: 2.2%. Entry-level auditor: 1.6%. The AP guide was released in November 2021 and estimates that accounting salaries are expected to rise 6.4% Audit and assurance services.

accountant salary 72

accountant salary Account accounted accountant 72

CPA Practice

DECEMBER 19, 2023

No matter how you might feel about generative AI’s recent and rapid rise in the workplace, it is a wave of change that all accountants must embrace at some level. And 51% reported that they expect their firms to start using the technology within the next six to 12 months. operations, based in the Washington, D.C.,

accounting and finance 121

accounting and finance Finance Account accounted 121

CPA Practice

APRIL 11, 2023

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

institute of chartered accountants 52

institute of chartered accountants auditor audit chartered accountant 52

Going Concern

MARCH 16, 2022

The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients.

audit 52

audit auditor bookkeeping accounting and finance 52

Going Concern

MAY 28, 2024

The local news in Cincinnati covered this strategic move : One of Greater Cincinnati’s largest accounting firms is being acquired by an Indianapolis company. Blue Ash-based tax, advisory and audit firm Cassady Schiller CPAs & Advisors will become part of Katz, Sapper & Miller in a transaction that will be completed May 31.

audit 69

audit Hospitality Account accounted 69

Going Concern

JUNE 17, 2024

ProPublica did a story on “how remote work and artificial intelligence are ushering in new kinds of fraud in state and local governments” and interviewed Washington state auditor Brandi Pritchard. As far as we can tell, it’s the largest government misappropriation [by an employee] in Washington state’s history.

Account 59

Account accounted accountant auditor 59

Going Concern

NOVEMBER 7, 2022

Several of America’s largest accounting firms have explored the possibility of taking private equity cash in recent months , as money from buyout funds adds fuel to a mergers and acquisitions boom across the industry, reports FT. An article about ESG as the next big accounting trend. Average audit fees rose a slight 2.5%

audit 52

audit Account accounted accountant 52

Going Concern

MAY 13, 2022

Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal [ Financial Times ] A former junior KPMG auditor should not receive a fine so large it could force him to sell his matrimonial home, a tribunal has said. ” COVID-19 has negatively impacted how auditors work [ Phys.org ] Duh?

auditor 52

auditor audit CPA accounting and finance 52

Going Concern

SEPTEMBER 16, 2022

EY fired auditor for not approving illegal transactions, says a new lawsuit [ Reuters ] Ernst & Young LLP has been sued by a former partner who says she was forced out of her job for refusing to sign off on client transactions that violated tax and securities laws. Accounting Firm M&A. PwC HK, KPMG to host U.S.

auditor 98

auditor Iowa audit Mississippi 98

Going Concern

DECEMBER 13, 2024

If you want to weigh in on the most overrated things in accounting for 2024, get in touch. Private Equity SECs Top Accountant Keeps Close Eye on Firms Private-Equity Deals [ Wall Street Journal ] A wave of midsize accounting firms is welcoming private equity into their bloodstream. Its an industry thats very large.

auditor 98

auditor Account accounted accountant 98

Going Concern

AUGUST 12, 2022

Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. Aww bless their hearts. And they have to look good.

auditor 98

auditor Account accounted accountant 98

Going Concern

OCTOBER 27, 2023

But the family says Buffett’s lieutenants have changed the accounting rules covering the largest US truck-stop business, cutting the value of the so-called put right. At KPMG, one of the “Big Four” accounting firms, we were welcomed by a group of central New York college graduates (a mixture of Ithaca College and SUNY Geneseo alums).

CPA 104

CPA accounting and finance auditor Washington 104

Going Concern

MAY 5, 2023

The models can read documents and pull-out information that auditors are looking for. “It It makes doing audits much faster, eliminating some of the human error, providing move value to some of the accounting audit work that we do for our clients,” he said. Richard Blumenthal (D-Conn.) and Ron Johnson (R-Wis.)

audit 111

audit cpas auditor Mississippi 111

Going Concern

FEBRUARY 27, 2023

In Australia, EY is still bungling this one up : EY accidentally leaked the personal details of current and former employees while trying to launch a massive review into the firm’s workplace culture. Yet that is what the IRS deals with every day.” From FloQast : Six in ten (63%) U.K.

Technology 105

Technology Account accounted accountant 105

Going Concern

AUGUST 11, 2023

MCM is the Southeast region’s eighth-largest accounting service provider based on Accounting Today’s Top 100 Firms ranking with ~370 employees and approximately $72 million in annual revenue. Koltin, CEO of Koltin Consulting Group and an advisor on the acquisition. PwC was unable to provide a figure.

Account 97

Account accounted accountant Tennessee 97

Going Concern

FEBRUARY 19, 2024

Fun President’s Day fact: although the third Monday in February is meant to recognize the birthdays of both first president George Washington and original hipster Abraham Lincoln, only Washington’s birthday — February 22 — is officially recognized in federal law ( 5 U.S. Everyone’s out buying mattresses.

auditor 59

auditor Account accounted accountant 59

Going Concern

JULY 1, 2022

Historic EY fine latest by-product of KPMG cheating scandal [ Compliance Week ] It is impossible to ignore the Securities and Exchange Commission’s (SEC) record $100 million fine against EY for employee exam cheating is exactly double the amount the regulator penalized fellow Big Four firm KPMG in 2019 for its infamous cheating scandal.

Tax 59

Tax Account accounted accountant 59

Going Concern

JULY 15, 2022

SEC’s Gensler Casts Doubt on Prospects for China Audit Deal [ Wall Street Journal ] Securities and Exchange Commission Chairman Gary Gensler expressed doubt Wednesday that negotiators in Washington and Beijing will reach an agreement over audits that is necessary to prevent Chinese companies from being delisted by U.S. stock exchanges.

auditor 52

auditor audit accounting and finance Government 52

Going Concern

JUNE 13, 2022

accounting students continue to shun the CPA exam. speaking of the CPA exam, KPMG has a new program to help its auditors take it. a quickie on most in-demand credentials for accounting professionals (beyond a pulse, that is). updating a 12-year-old Going Concern post: “Do Accounting Firms Care if You’re On Drugs?”

Account 59

Account accounted accountant auditor 59

Going Concern

APRIL 7, 2025

” When Republicans cut taxes in the past, they did so only temporarily, bowing to Washingtons arcane budget rules that limited how much they could add to the federal deficit. An AlixPartners report found the state auditor, treasurer, comptroller general and outside auditing firm CliftonLaresenAllen [sic] all were aware of a $1.8

auditor 52

auditor South Carolina audit Account 52

Going Concern

FEBRUARY 28, 2025

M&A Baker Tilly to snap up Hayflich CPAs [ International Accounting Bulletin ] Advisory, tax, and assurance firm Baker Tilly has announced its intent for the acquisition of Hayflich CPAs, an accounting firm serving West Virginia, US.

West Virginia 52

West Virginia audit auditor cpas 52

Going Concern

OCTOBER 7, 2024

The Big Four accounting firm told employees last week that it would embark on a reorganisation of areas of the business affecting about 2,700 staff and partners, adding that it was part of its “new vision to become the pre-eminent firm”, according to a document seen by the Financial Times. Yeah, that doesn’t sound good.

Account 105

Account accounted accountant general ledger 105