Footnotes is a collection of stories from around the accounting profession curated by actual humans […] The post Friday Footnotes: The IRS Has Another ERC Warning; Non-Big 4 Firms Get Dissed; Is AI Excitement Warranted? | 7.26.24 appeared first on Going Concern ..read more

Sage (yes, that Sage), a “dynamic ‘think-and-do’ tank” called Demos, and the Association of Chartered […] The post AI is Coming to Save You From Work-Life Imbalance (Allegedly) appeared first on Going Concern ..read more

We’ve made the editorial decision not to use the PwC Chad image for this article […] The post Asian-American Ex-PwC Principal Alleges White Guys at the Firm Are Hatin’ Ass Haters appeared first on Going Concern ..read more

TLDR Assurance is out, Advisory is in. CPA Journal has published an intriguing deep dive […] The post Who Wants to See How Much Big 4 Revenue by Service Line Has Changed Since SOX? appeared first on Going Concern ..read more

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your […] The post Top Remote Accountants of the Week | July 25, 2024 appeared first on Going Concern ..read more

Kate Barton, who has worked at EY for longer than many of you reading this have been alive, has been elected as global CEO of Dentons, ‘the world’s largest global law firm.’ Being wholly unfamiliar with law firms here at Going Concern, we decided to fact check that bit. Law.com has them at #5 in revenue after Kirkland & Ellis, Latham & Watkins, DLA Piper, and Baker McKenzie. A few sources, some of them at least a couple years old, say Dentons does lead the global law syndicate in size by headcount. Still others, many of which appear suspiciously aligned with ChatGPT’s dialect, Our form ..read more

Do with that information what you will. Deloitte chose to mark the occasion by asking a few interns to share any advice for future interns. For example: Bring a lot of enthusiasm to your role! Teams appreciate and thrive with interns who are eager and full of energy. Your positive attitude can energize everyone around you! Just going to leave this here! Along with National Intern Day comes a top 100 internship programs list from NID creators WayUp. 2024’s list should be out soon, here’s 2023’s in the meantime. See anyone missing? The post Tomorrow is National Intern Day appeared first on Go ..read more

We can’t say anyone on GC staff follows golf, at best we follow golfers aligned with accounting firms in a sponsorship sense like former KPMG shill Phil Mickelson and…OK, actually that’s it. Hmm. Well anyway, today we noticed a couple sports sites talking about BDO of all things and felt compelled to investigate. For example, this one from Diario AS: What do the initials BDO on Billy Horschel’s golf hat represent? This is actually funny because they really didn’t know what BDO is. Which is fine because up until today we didn’t know who Billy Horschel is. Horschel is sponsored by BDO, a profes ..read more

Be aware, audit firms. The PCAOB is sniffing around about your use of generative AI according to a Spotlight they just released [PDF]. Exactly what they said was: The PCAOB’s standard-setting agenda includes a research project to assess whether there is a need for guidance, changes to PCAOB standards, or other regulatory actions in light of the increased use of technology-based tools in the preparation and subsequent audit of financial statements. As part of this research, the PCAOB asked mostly larger firms — that is, US global network firms and several U.S. non-affiliated firms that audit ..read more

I dug through my screenshot folder earlier today when I saw this article on Journal of Accountancy because I could have sworn I had dozens of well-written Reddit comments from years ago suggesting this is where the profession was headed (including responses calling them paranoid) but alas, I came up empty handed. Anyway, this became effective on July 1: The AICPA and the National Association of State Boards of Accountancy (NASBA) announced an expansion of international testing availability of the U.S. CPA Exam, adding the Philippines. CPA candidates in the Philippines can begin registering fo ..read more