Accounting
Partners at PwC in Australia Brace for Pay Cut as Tax Scandal Hits Profit
The Big Four firm will cut partner pay by 30% next year following the tax document leaking scandal that wiped out profit for 2023.
Total Audit Fees Paid by S&P 500 Clients Reached All-Time High in FY 2022
However, the nearly 4% increase in audit fees over FY 2021 was less than the year-over-year inflation rate in 2022 of 6.5% in the U.S.
Great Resignation Turns Into the Great Stagnation for the Big Four Firms in the U.K.
Britain’s accountants, auditors and advisers are clinging to their jobs, nervous that their negotiating power has sharply dropped.
Deloitte Set to Cut More Than 800 Jobs in the U.K.
The move by the Big Four firm is in response to a slowdown in demand and an easing in the pace of workers choosing to leave.
CLA Expands in New York Via Acquisition
The top 10 accounting firm now has its second location in New York after acquiring Long Island-based Richards, Witt & Charles.
PCAOB Looks to Amend Rule on Auditors’ Liability for Audit Firm Violations
The proposal would hold auditors and others more accountable when they negligently cause their firm to violate auditing standards.
Sidney Kess, Tax Attorney and Author, Has Died at Age 97
Kess was called an “inspiration,” “a wonderful man,” and “one of the visionaries of the profession” by those who admired him.
Marcum’s Ex-Quality Control Overseer Was Fined By the SEC for Bad Quality Control Oversight
Marcum audit partner Alfonse Gregory Giugliano was slapped with a $75,000 fine for failing to fix problems in the firm's QC system.