Friday Footnotes: Big 4 Bullying; Auditor Gets Boned; Where My Girls At? |...
Ed. note: Friday already? Yay! Here’s what you may have missed from around the Internets. If you’ve got a story to share, give us a shout. Have a wonderful weekend, you little lovelies you. KPMG’s Head...
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Accountants Behaving Badly: Form 941 Shenanigans, Embezzlement, Stealing From...
Here are some accountants who failed badly at being a trusted advisor. Delaware County accountant charged with multiple tax offenses [Justice Department] Myles Hannigan, an accountant from Newtown...
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Ex-KPMG Australia Senior Partner Avoids Prison For Being Too Stabby with a...
Even though he was convicted of two counts of common assault in court on July 4, former KPMG Australia partner Stavros “Steven” Economides was given a get-out-of-jail-free card. Stavros “Steven”...
View ArticlePromotion Watch ’19: EY Admits 733 New Partners Worldwide
Because July 1 kicks off a new fiscal year at EY, we figured a new partners announcement would be forthcoming. And it came today, via the new leader of the Black and Yellow, Carmine Di Sibio: Our...
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The SEC Removed ‘Acting’ From Sagar Teotia’s Job Title
Sagar Teotia is officially your new chief accountant at the SEC, a position he had held in an acting role since Wesley Bricker surprisingly announced he was stepping down as chief accountant in June....
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Promotion Watch ’19: Citrin Cooperman Adds 18 New Partners and Principals
On July 1, 16 new partners got their seats at the big kids table at Citrin Cooperman, while two others got their “New Principal” t-shirts. Joel Cooperman “I am pleased to announce this year’s...
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U.K. Inspection Reports Reveal That Grant Thornton Can’t Audit Its Way Out of...
Here’s some good news for the 300 new auditors Grant Thornton in the U.K. is expecting to hire within the next 12 months: You can’t be any worse than the auditors GT has employed in recent years. The...
View ArticleThe CPA Exam Needs to Evolve and You Can Help It Do Just That
The conversation about “future-proof” CPAs and the evolution of the CPA exam to include skills necessary to provide exceptional client service far into the future is not a new one, we’ve been having it...
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BDO Puerto Rico Managing Partner Resigns After Indictment In Massive...
The words “managing partner” and “corruption” used in the same sentence is never a good thing, as we found out in the KPMG/PCAOB information leak scandal. But while there was no scheme to steal...
View ArticleDeloitte, EisnerAmper, 5 Others to Pay $235 Million to Settle Aequitas...
Why go through a lengthy, expensive trial, not knowing whether you’ll win or lose, when you can pay a shit-ton of money to make it all go away? That’s what the seven defendants, including Deloitte and...
View ArticleWhat Price Wrong-Doing? Sanctions Against KPMG Are Complicated
“Sell in May and go away” was an investors’ adage invoked as vacation strategy in a more genteel era. Returns in the summer were said to lag the rest of the year—and in any event, that’s how brokers...
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Mazars Is Going Full ‘Survivor’ with New U.S. Alliance Firms
I hate to admit this but I have a weakness for bad reality television. That used to be a shameful thing but I guess it’s kind of like trypophobia, generalized anxiety disorder, and mild alcoholism,...
View ArticleFriday Footnotes: Lady Taxes; Hunting For Talent; Which Big 4 Dominates...
Where should you be looking for top accounting talent? [Accounting Today] Top accounting talent, like talent for many professional services, is in short supply these days. Accounting firms are...
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Accountants Behaving Badly: Insider Trading, Poker Player Gone Bad, Sex Toy...
Was there a full moon on July 10? Accountants were found to be doing bad things on that day. Ex-Illumina accountant accused of insider trading [CFO] Martha Bustos, a former accountant for Illumina, was...
View ArticleNew Analysis of Public Company Auditors Reveals the Same Old Sh*t, Different...
Our friends over at Audit Analytics just came out with its 2019 analysis of public company auditors in the U.S., and the results are exactly what you would expect: the Big 4 firms audit just under half...
View ArticleWhich Big 4 Firm Audits the Most Insurance Companies?
I know you guys are just dying to know the answer to this question, so let’s get right to it. Audit Analytics recently came out with its breakdown of the top 20 audit firms that had the most insurance...
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All Fat Guys Can Relate to Ex-BDO Puerto Rico Managing Partner Trying to Put...
Here’s a question to all my fellow overweight brethren: Is there anything worse than trying to put on a belt while wearing a dress shirt? If you’re like me, after you tuck in the shirt, you poof it out...
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Armanino Poaches Someone From RSM and Issues a Press Release, Part I
While Armanino didn’t help its newest partner escape the clutches of a Big 4 firm, it did nab him away from a top five firm, which is still a pretty good get. Armanino LLP, one of the 25 largest...
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Apparently PwC and Wesley Bricker Just Can’t Get Enough of One Another
PwC rolled out the red carpet on July 1 welcoming Wesley Bricker’s triumphant return from the dingy dungeons of the SEC, with trumpets blaring, a large feast being served, and red wine flowing like...
View ArticleCathy Engelbert’s Best (and Worst) Moments as Deloitte CEO, Ranked
A couple weeks ago we acknowledged exiting EY Chairman and CEO Mark Weinberger with a look back on some of his best moments as Benevolent Overlord of the Black and Yellow. Not sure if you heard but...
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