KPMG Proves Its Commitment to Women By Firing the Guys Who Expensed Strippers...
Determined to steal the crown from public accounting’s reigning fuck-ups (that’s EY for those of you out of the loop), a group of former KPMGers are doing their best to bring shame upon their former...
View ArticleNo. 1 NFL Pick Trevor Lawrence Once Had an Accounting Tutor at Clemson Who...
I think new Jacksonville Jaguars QB1 Trevor Lawrence will be just fine not understanding (or giving a shit about) what LIFO means: Trevor if you see this I miss you please take me back @Trevorlawrencee...
View ArticleNumber of the Day: 59%
While not public accounting specific, that is the percentage of top performers who had their promotions postponed within the past year due to the Rona pandemic, according to the results of a recent...
View ArticleWill Class Be In Session For Investors Suing Mattel and PwC Over Accounting...
Ah, we have an update on the class-action suit filed against Mattel and its longtime auditor, PwC, by investors who claim Mattel’s finance team and PwC auditors covered up an accounting error that...
View ArticleThe First Batch of 2021 CPA Exam Pass Rates Are Out and They’re … Not Bad
In 2020, CPA exam candidates somehow managed to outperform 2019 with pass rates slightly higher than the prior year across the board. This feat was made that much more impressive by the fact that for...
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Even EYers Think PwC Is a Better Firm Than EY
Leave it to EY to turn a call with staff into a high school pep rally. And leave it to one EY employee to hilariously try to torpedo it. This was posted on Fishbowl earlier today: The funny thing is...
View ArticleBonus Watch ’21: EY UK Is Paying Employees a ‘Lockdown Bonus’ Even Though It...
At the end of March, the Queen’s Deloitte announced in a firm-wide webcast that thanks to employees’ hard work and determination throughout the pandemic the firm would be giving them up to £2,000. You...
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In Response to Discrimination Claims From Ex-Senior Officer, PCAOB Went on a...
The PCAOB emphatically denied the allegations made by its former chief administration officer Sue Lee who claimed in a wrongful termination lawsuit that she was the victim of a “xenophobic and racist...
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Which Firm Had the Most IPO Audit Clients In Q1 2021?
The SPAC bubble didn’t burst during the first quarter of 2021. Of the 407(!) initial public offerings in U.S. markets between Jan. 1 and March 31, 298 (73.2%) involved blank check or special-purpose...
View ArticleFriday Footnotes: Feed Me Snacks; KPMG Gets Back to the Office; Deloitte...
These are the snacks powering CPAs during tax season [Journal of Accountancy] Wait, it’s not black tar? Huh. KPMG UK staff to work in offices up to four days a fortnight from June [Reuters] “As part of...
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Guy Would Rather Play Pickleball Than Spend One More Minute Working at Deloitte
Zane Navratil Working at the Big 4 has gotten so bad that one auditor, Zane Navratil, decided to become a professional pickleballer instead of continuing his public accounting career at Deloitte....
View ArticleMazars USA Is Giving Its Employees an Incentive to Get a Sunburn
By now you’ve heard or read about the $250 bonus PwC is paying to employees each time they take a full week’s vacation for the next year. Now Mazars USA is throwing its hat into the “pay your employees...
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Number of the Day: $5.7 Million
No, that isn’t the latest fine given to a Big 4 firm by the SEC for shitty auditing. That is the median cash compensation—after graduation and working for 35 years—for someone who got an MBA from one...
View ArticleHere’s Your Open Thread For the Fifth CPA Exam Score Release of 2021
We’re seven and a half months away from Christmas but that didn’t stop the benevolent overlords of the CPA exam from gifting candidates with the gift of an early score release this week. Scores were...
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KPMG Poaches Someone From PwC and Issues a Press Release, Parts XII and XIII
In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we have two more examples of PwCers hoping the grass is more greener at KPMG. First, we go to Scotland where Rob Aitken left PwC...
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$58,508: The Average Starting Salary for New Accounting Grads
Accounting students who are graduating in 2021 are the beneficiaries of an average starting salary that has increased by nearly 11% over last year, according to the most recent salary survey from the...
View ArticleKPMG Can’t Get Out of Class-Action Suit Filed By Miller Energy Investors
A Tennessee federal judge on May 7 greenlighted class certification in a multiyear lawsuit against KPMG by investors of the now-defunct oil and gas company Miller Energy Resources Inc., despite KPMG’s...
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Due to a Lack of 12-Year-Olds to Run This By, EY Israel Totally Missed the...
*snort* Via the tip box: You can’t make this up! I don’t know if a double entendre was intended, but it definitely raises questions. Some have been commenting, why can’t there be penetration and...
View ArticleAudit ‘Reform’ in the UK: Hello … Is Anybody There?
It’s one thing to discuss the breadth of the UK government’s March 18 consultation paper, “Restoring Trust in Audit and Corporate Governance,” with its 98 questions spread over 232 pages, as I did...
View ArticleFriday Footnotes: Big 4 Consulting Cartels; Ex-PwCer Takes an L; KPMG Has the...
Deloitte, KPMG, PwC Units Fined in Spain Consulting ‘Cartels’ [Bloomberg Tax] Deloitte, KPMG, and PwC are among 22 consulting firms to be fined a total of almost 6 million euros ($7.3 million) for...
View ArticleRIP James Alan White, Managing Director at KPMG In Dallas
Just saw on my Twitter feed the sad news that the remains of James Alan White, the KPMG managing director who went missing last October, were found Thursday afternoon and identified by the Dallas...
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EY Had An Office In Gaza Media Tower Leveled By Israeli Air Strike
Thanks to a tipster who sent us a link to a Facebook post from Saed Abdallah, a partner at EY Palestinian Authority: The missile strike on the 12-story al-Jalaa building in Gaza City was carried out by...
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Number of the Day: $26.7 Billion
Deloitte has the most valuable brand among commercial services firms worldwide, as the Green Dot is valued at $26.7 billion, according to the 2021 Commercial Services 100 report from Brand Finance....
View ArticleI Started a New Controller Role During a Global Pandemic and Found Silver...
After years at a private equity-backed technology company in Seattle, I had an opportunity to take on a new role as controller at CorneaGen, a mission-driven organization devoted to transforming cornea...
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Deloitte Poaches Someone From PwC and Issues a Press Release, Part II
Mohamed Serokh After spending 15 years working at PwC in the U.K., Switzerland, and the United Arab Emirates, Mohamed Serokh has joined the Big 4 firm with the most valuable brand in professional...
View ArticleWhich Big 4 Firm Had the Most 2020 Elijah Watt Sells Winners?
On May 5 the AICPA announced that of the 75,000 brave souls who sat for the CPA exam in 2020, 89 of those managed not only to pass each part on their first try but also scored a cumulative score of at...
View ArticleAccountants Behaving Badly: Guy Liked Gambling and Porn a Little Too Much
After pleading guilty last February to two counts of wire fraud for stealing more than $1.2 million from his former employer, accountant Christopher May of Paoli, PA, was given 16 months to think about...
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Which Firm Was the Biggest Loser In the First Auditor Shuffle of 2021?
With the first quarter of 2021 already in the books, it’s time once again to look at the winners and losers among the top 12 global and national accounting firms that participated in the first round of...
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It Doesn’t Take Much to Keep Moss Adams Interns Happy
All it takes, apparently, is to keep them hydrated. The post It Doesn’t Take Much to Keep Moss Adams Interns Happy appeared first on Going Concern.
View ArticleShape Your Accounting Career Your Way with the Intuit Expert Network
Looking to grow your professional experience, engaging with new clients in new situations? Ready for the next challenge as your accounting career revs up or winds down, or seeking a full-time job as a...
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Let’s Hop In a Time Machine and Talk About Public Accounting Perks and Comp...
Imagine if you will being magically transported back to the year 2011. As you aggressively yank your jeggings over your calves while waiting for Angry Birds to update over your 3G connection, “Somebody...
View ArticleFriday Footnotes: You Deserve a Raise; Data Literacy; IRS Wants Your Body |...
How to ask for a raise when the pandemic nears its end [Journal of Accountancy] With a growing portion of the population in the United States and some other countries vaccinated and at least some...
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Old Guy Wearing KPMG Hat Wins At Golf
Congrats to KP(hil)MG’s most beloved and valuable employee for winning his second PGA Championship on Sunday—his sixth major overall—and for becoming the oldest major champion ever at age 50. Phil...
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Hywel Talks Hybrid At EY U.K.
Hywel Ball “We have championed flexible working for many years prior to COVID-19 and we will continue to do so. This has been built on a culture of trust with our people. We also believe there will...
View ArticlePromotion Watch ’21: BKD Adds 18 New Partners
TPTB at BKD have released the names of the firm’s newest class of partners who will officially be welcomed to the club on June 1. The 15 men and three women who will receive gift bags from Ben and Kate...
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EY Poaches Someone From Deloitte and Issues a Press Release, Part II
In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to London where Jill Trafford finally got an invitation to participate in games Big 4 partners play. She announced her...
View ArticleHere’s Your Open Thread For the Sixth CPA Exam Score Release of 2021
Hey hey, it’s May. Just in case you forgot or are still stuck in an endless, nightmarish loop in which passing days are both rushing by and dragging on forever at the same time. What’s up with that,...
View ArticleOh Look, a Pissed-Off Stockholder Is Suing Mattel Directors and PwC
While a potential class complaint filed against Mattel and its auditor PwC by a group of Mattel investors currently sits in the U.S. District Court for the Central District of California, a separate...
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The Fortune 100 Best Companies to Work For: RSM US #62 (2021)
When all was said and done, RSM US and its employees had a pretty decent 2020. The firm’s revenue increased nearly 11% over the previous year, RSM didn’t cut pay during the pandemic and doled out both...
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Grant Thornton Is Not a Bottom of the Barrel Firm, Says Grant Thornton
Fiona Baldwin “The principle of shared audits is very attractive to challengers as long as the share of the audit is meaningful and brings incremental experience to teams. If the challenger firm is...
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EY Learns That LGBT People Just Want to Collect a Paycheck Like Everyone Else
June is soon upon us which means rainbows slapped across corporate social media pages far and wide as a way for companies to say “hey, we’re OK with gay!” Which, I mean, that’s cool and all but maybe...
View ArticleFriday Footnotes: The Future of Remote Work; Talent Crunch Gets Crunchier;...
KPMG launches relaxed work policies to combat remote work fatigue [Accounting Today] “Since the start of the pandemic, the firm has employed a continuous listening approach, using regular experience...
View ArticleHere’s Why the Millennials and Zoomers In Your Office Stink
If you’ve chosen to awaken from your work-from-home slumber and returned to your firm or accounting department, you may have noticed a foul smell coming from some of your younger colleagues. No, they...
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EY’s Europe Restructuring Is Just ‘Rearranging the Deckchairs on the Titanic’
Atul Shah “This is rearranging the deckchairs on the Titanic. To regulators, they have always been giving warnings that if you close one down, we will be the Big 3 – so leave us alone, as we are ‘too...
View ArticlePSA: You’ve Still Got to Wear a Mask at Prometric
At this same time last year, we were all wondering if the world as we knew it pre-March 2020 would ever return or if we’d be stuck in dystopian purgatory forever. Thankfully we — we as in those of us...
View ArticlePromotion Watch ’21: Deloitte Australia Admits 70 to the Partnership
The smell of new partners is in the air in Australia, as the Australian Financial Review recently reported on the 70 newest rainmakers at Deloitte. Of the 70 new partners who officially get promoted on...
View ArticleKPMG Managing Director Alan White Will Be Laid to Rest on June 3
A memorial service will be held in West Virginia on Thursday morning for KPMG Managing Director James Alan White who passed away in Dallas on Oct. 22, 2020. Internment will follow the memorial service,...
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EY Poaches Someone From Deloitte and Issues a Press Release, Parts III and IV
In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” EY has added a couple of ex-Green Dotters to its partnership ranks in the U.K. and Australia. David Bowen announced on LinkedIn in...
View ArticleDeloitte Just Gave the Malaysian Government Several Wheelbarrows Full of Ringgit
From the Ministry of Finance in Malaysia earlier today: The Government has received a settlement payment of RM336 million (US $80 million) related to 1Malaysia Development Bhd (1MDB) from Deloitte PLT....
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EY Just Bought Some Really Expensive Pancakes
In late 2019, we learned that EY thinks women are a bunch of dumb sluts who need to be told to cover up the goods in a professional setting, so much so that a day-and-a-half long “leadership seminar”...
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