I wish I’d written this news up hours ago when I got a PR email about it, AT scooped us. Oh well. Here’s the news as it was delivered to me: Today, PwC US’ next senior partner, Paul Griggs, introduced our new leadership team—the Operating Committee. You can learn more about all the leaders here [link to the Our US Leadership Team page on PwC’s website]. Who cares. You’ll notice though that the new leadership roles that take effect on June 30, 2024 use fewer nonsense words than the current ones. Current: New: So that’s nice. What else? Paul also announced that PwC US is aligning its organi ..read more

Would ya look at that, another “best companies” list. This time it’s the LinkedIn Top Companies 2024, released Tuesday. While all four firms have a spot on the list, only three of them can boast that they made the top 20 (of 50). You already know which three it is. Here’s LinkedIn’s pitch: Our 8th annual LinkedIn Top Companies list highlights the 50 best large workplaces to grow your career in the U.S. right now. Fueled by unique LinkedIn data, the methodology analyzes various facets of career progression like promotion rates, skill development and more among employees at each company. You ca ..read more

Ever since the news broke in early 2023 that a PwC Australia partner brought confidential government tax changes back to the firm for the purposes of monetizing it for corporate tax avoidance, the firm has been struggling to crawl out from under the garbage heap of a scandal. Which is whatever, every Big 4 firm has taken reputational damage on the chin and kept truckin’. But for Big 4 firms in Australia, the fatuous actions of their competitors at PwC have brought unwanted scrutiny and a stain on all of them that isn’t washing off any time soon. Getting called out by senators in parliamentary ..read more

According to an article published Monday in the Pittsburgh Post-Gazette, BDO will be moving its Pittsburgh office from the current space in the Heinz 57 Center at 339 Sixth Ave to the new FNB Financial Center at 632 Washington Place. They’ll be taking the 18th floor when they move in next year. PPG says: In a statement, Deron Curliss, assurance practice leader in BDO’s Pittsburgh office, said the new space will provide “a flexible and collaborative work environment” for employees. “BDO’s core purpose is helping people thrive every day, and this space exemplifies that mission,” he said. The fi ..read more

h/t to the tipster who sent this over and also totally made my day. I only wish this story hadn’t come out on the same day we already published a Trump-adjacent article. Also warning: this is long. ChatGPT TLDR summary: The Supreme Court is debating whether Capitol rioters can be charged with Sarbanes-Oxley violations for obstructing Congress during the January 6 riot. The debate centers on whether the law applies to rioters and the meaning of “corruptly.” Some argue it’s selective prosecution, while others see it as fitting within the law’s catchall language. There’s criticism that prosecutor ..read more

Over the past week or so, various media outlets have been picking on Trump Media auditor BF Borgers and their 100% PCAOB deficiency rate. See: Trump Media’s accounting firm has a 100% deficiency rate from U.S. audit watchdog and counts Lingerie Fighting Championships as a client [Fortune] OK, actually that’s the only funny headline we’ve seen. And this one from FT is most informative: The accounting firm picked to audit Donald Trump’s social media venture has had repeated run-ins with regulators and faced criticism for its failure to live up to professional standards in the US and Canada, acc ..read more

This morning, Vault released its mildly anticipated 2025 Best Accounting Firms to Work For list and it should be no surprise that PwC has swept the category of Best Accounting Firm for the gazillionth year in a row. This year they also wrestled the title of Most Prestigious back from last year’s #1 firm Deloitte. The methodology is as follows: The Vault Accounting 25 is compiled using a weighted formula that reflects the issues accounting professionals care most about, combining quality of life rankings (such as culture, satisfaction, work/life balance, and compensation) with overall prestige ..read more

Hey and welcome to Monday, APRIL 15! You made it! Well, almost. We’re so proud of you. Now, some news. Jack Castonguay (who we miss terribly on Twitter) wrote a little something for Bloomberg Tax about the PCAOB’s latest proposal that would make traditionally secretive audit firms’ business much more public: The business model for public accounting firms is changing rapidly as they search for outside investors and private equity firms rush to the front of the line. Regulations need to change to match. In response, the Public Company Accounting Oversight Board has drafted a rule that the accou ..read more

In a passionate rant on r/Big4 the other day, a millennial manager griped about his or her Gen Z first year associate not wanting to talk on the phone. Well, there was a bit more to it than that. I’m noticing an increasing reluctance for associates and even seniors to just pick up the damn phone… This culminated today when my first year associate told me to ask permission before calling him. I can’t possibly imagine telling my boss to request permission to call me! I no longer want this associate on my jobs. I’ve lost confidence that he can handle client conversations appropriately and frankl ..read more

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. If you have something to say about any stories linked here you are welcome to contact the editor or hit us up on Twitter @going_concern. See ya. ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the ..read more