Firm Watch

Layoff Watch ’20: Berdon Let Go of 15 People, Postpones Partner Distributions

Another top 50 accounting firm based in New York City has laid off employees during the COVID-19 crisis. We got a tip on April 3 that there was a number of staff layoffs at Berdon LLP and the third-party outsourcing group based in India had also been let go. But our source didn’t know the […]

CliftonLarsonAllen Is Cutting Staff Pay By 10%, No Layoffs Planned

[Updated with additional information.] During the afternoon on Friday, someone posted on Reddit that CliftonLarsonAllen had announced earlier in the day 10% pay cuts to all employees. Checks out. Here’s what came through the tipline late Friday afternoon: CLA announced this morning in a firm-wide webcast that they will be reducing all compensation by 10% […]

Layoff Watch ’20: Some People at Prager Metis Had the Worst Monday Ever

While my layoff news certainly can’t beat that of my colleague who shared late yesterday that it’s a bloodbath up at KPMG Canada, I’ve got something a little closer to home as Layoff Watch ’20 rages on. A tipster informed us that Prager Metis staff found out Monday that some were out of a job, […]

Layoff Watch ’20: Friedman Cut a Bunch of People Loose

[Updated with additional information.] Remember that article we posted last week about layoffs? You know, the one about that recent Fishbowl survey that revealed 41% of accountants believe job cuts will happen at their firm because of the COVID-19 pandemic? Unfortunately that became a reality on March 26 for more than 50 people who worked […]

EisnerAmper Poaches Someone From KPMG and Issues a Press Release, Part I

News of new hires in public accounting has pretty much dried up since the COVID-19 outbreak in the U.S. led to many firms turning off the lights and going into work-from-home mode for the foreseeable future. Earlier this week we posted about KPMG recently hiring 10 senior tax professionals, including three from EY and two […]

Tracker: These Public Accounting Firms Are In Mandatory Work-From-Home Mode

Did you ever think you’d see the day that something would cause some of the largest public accounting firms in the nation to temporarily close their offices and force everyone to work from home? I didn’t, but thanks to the COVID-19 pandemic, here we are. Based on tips we’ve received, as well as scanning Twitter […]

Marcum Temporarily Going to 40-Hour Workweek, Except For You New York City Folks Who Are Not In Tax

If you need another example of why public accounting firms get a bad rap for being more concerned about dollar signs and clients than their employees, that they’d rather their capital market servants be billable than healthy—both physically and mentally—look no further than this email sent to Marcum’s New York City employees on March 19 […]

Marcum Is Finally Taking This COVID-19 Thing Seriously (At Least For This Week)

You can add Marcum to the ever-growing list of accounting firms that are temporarily going all remote because of the coronavirus pandemic in the U.S. But of course not until tomorrow; there’s a tax deadline to wrap up first. A tipster sent us the email Marcum Chairman and CEO Jeffrey Weiner sent to his capital […]

CohnReznick Poaches Someone From PwC and Issues a Press Release, Part I

Another week, another non-Big 4 firm letting the media know that it just hired someone from the Big 4. This time, CohnReznick was the poacher, and once again, PwC was the poachee: CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today [March 3] announced that Michael Staub has joined […]

The Seattle Armanino Office Is Getting Creative With Their Recruiting Efforts

According to this r/accounting post, OP recently passed the CPA exam and their colleagues decorated the office to celebrate. It seems the cunning folks at the Armanino office across the way spotted the decorations and went in for the kill. To quote a commenter in the thread, “Fuckin recruiters these days man.” For those of […]

Honkamp Krueger Poaches Someone From PwC and Issues a Press Release, Part I

Being raked through the coals for the last 48-plus hours on Reddit after an ex-PwC auditor in New York posted that their ass was grabbed at a 2017 holiday party by a colleague who was later promoted, even after an internal firm investigation into the alleged victim’s sexual harassment claim found the ass grabber was […]

The Fortune 100 Best Companies to Work For: Crowe #81 (2020)

Wrapping up our overview of the 2020 Fortune 100 Best Companies to Work For list is Crowe. While Plante Moran and the Big 4 have been on the list for 15-plus or 20-plus consecutive years, Crowe is a relative newbie, as this is the third straight year it has made the F100BCTWF. For the third […]

Arthur Andersen & Co.

Andersen Poaches Someone From KPMG and Issues a Press Release, Part I

Oh look, Andersen hired someone from a Big 4 firm who didn’t work for Arthur Andersen earlier in their career, unlike this guy. Andersen welcomes Edward Schulte as a Managing Director in the San Francisco office as part of the Alternative Investment Funds (AIF) practice. Edward has 18 years of experience in public accounting and specializes in […]

Promotion Watch ’20: CohnReznick Adds a Dozen New Partners

The love child of J.H. Cohn and Reznick Group celebrated its recently anointed partner class for 2020 earlier this month. But it’s nowhere near the size of last year’s class of 23 new partners. Maybe CohnReznick only added 12 people to the partnership this year so there wouldn’t be as many partners for Mazars USA […]

Gray, Gray & Gray Poaches Someone From EY and Issues a Press Release, Part I

Bryan Pearce spent 38 years at EY. That’s an eternity in public accounting, let alone a 38-year career with only one firm in public accounting. Think about it: Ronald freakin’ Reagan was in the Oval Office when Pearce joined the Black and Yellow. During his time with EY, Pearce was most well-known for being the […]

Hiring Watch ’20: Accounting Firms Rolling Out the Welcome Mat In Charlotte

Just wanted to give those of you in the Charlotte, NC area a quick heads up that a bunch of accounting firms in and around the Queen City are hiring this year, according to the Charlotte Business Journal. CBJ lists 13 firms that say they’ll be adding staff in 2020. Among those firms are: Aprio […]

Plante Moran Poaches Someone From KPMG and Issues a Press Release, Part I

Who knew KPMG would become a factory for cranking out future accounting firm chief marketing officers? Earlier this week we told you guys about Dixon Hughes Goodman recently hiring ex-KPMGer Danielle Cimato as its new CMO. And then yesterday, Plante Moran announced that former Klynveldian Marten van Pelt was hired to succeed partner Jeff Antaya […]

Which Audit Firm Got Fired the Most In Q4 2019?

It wasn’t a stellar fourth quarter of 2019 for the Big 4 in terms of winning new public company audit clients, according to Accounting Today’s most recent report on the newest data crunched by Audit Analytics. Deloitte and EY brought on four and three new SEC-registered audit clients, respectively, in Q4, but Deloitte also lost […]

DHG Poaches Someone From KPMG and Issues a Press Release, Part II

You gotta hand it to Dixon Hughes Goodman. I don’t know what they’re offering—decent compensation packages, a big enough commitment to work-life balance that it moves people to tears, a perk better than Omaha Steaks—but they sure have been landing a lot of ex-Big 4 lately, including former KPMGers. While it’s not a glitzy hire […]

Cherry Bekaert Poaches Someone From PwC and Issues a Press Release, Part I

Another PwCer is on the move, as a former tax director in personal financial services has been hired to make it rain at Cherry Bekaert. Growth-focused and nationally acclaimed public accounting firm Cherry Bekaert LLP is proud to welcome Michael B. Vidal, CPA, JD, as a Tax Partner based in Cherry Bekaert’s South Florida practice. As […]

Marcum Poaches Someone From EY and Issues a Press Release, Part I

In my mind, Gary Sturisky walked out of EY’s office in Miami, put all of his “Building a Better Working World” swag in a dumpster, stuck out his thumb, and was picked up by a Marcum bus, which drove him to the firm’s office in Fort Lauderdale where he worked happily ever after. Now that […]

Crowe Reports Not-So-Massive Global Revenue In 2019

What a difference a year makes. In 2018, Crowe Global hit and surpassed the $4 billion mark ($4.3 billion, to be exact) for the first time, thanks to massive revenue growth of 14% over the prior year. And backs were being patted in all of Crowe’s offices around the world: “The headline figures – in […]

Hey Look, Mazars Had a Decent 2019

I was so caught up last week reading and writing about Mazars USA’s scandalous poaching of three CohnReznick partners that I didn’t realize Mazars released its global revenue results for the financial year that closed on Aug. 31, 2019. It’s your typical revenue growth for a firm of Mazars’ size—up from €1.6 billion in 2018 […]

Aprio Poaches Someone From KPMG and Issues a Press Release, Part I

When your accounting firm is hovering around the 50th largest in the U.S. and you lure someone away from a Big 4 firm like KPMG, not only will you get a write-up in Going Concern but that news might be big enough to be featured in a local business publication. That’s what happened recently when […]

#TBT: The CohnReznick ‘Anthem’ That Someone Thought Was Ringtone-Worthy

I stumbled across this on YouTube yesterday. This CohnReznick “anthem” isn’t an accounting firm anthem in the traditional sense, not like this horrible Deloitte one or some of the bad Big 4 anthems of years gone by. The CohnReznick one was actually a commercial that aired on TV and radio a few years back. But […]

CohnReznick Has Had It Up to Here with Mazars USA’s Poaching

Last year, three CohnReznick CPAs—two partners and its chief operating officer—started new jobs as partners at Mazars USA. You would have thought Mazars would’ve sent out a press release about its new haul, like it did last September when it poached two people from KPMG, but the firm kept the CohnReznick poaching a secret. No […]

PKF O’Connor Davies Poaches Someone From EY and Issues a Press Release, Part I

If public accounting had a transactions wire, much like you see for Major League Baseball, it might look something like this for PKF O’Connor Davies’ newest transaction advisory services (TAS) partner: PKF O’Connor Davies acquired Andrew Suh from Ernst & Young for a CPA to be named later. OK, trades don’t happen among public accounting […]

Scott and Company Poaches Someone From EY and Issues a Press Release, Part I

I don’t have any evidence to back up this assertion, but I’m not going to let facts get in the way of what I’m about to write: It’s fairly uncommon for a Big 4 CPA’s next landing spot to be an accounting firm outside of the top 400 in the U.S. But that’s what happened […]

Platinum Hedge Fund Investors Aren’t Big Fans of CohnReznick

CohnReznick is being sued by 49 investors of an ill-fated Platinum Partners hedge fund who claim the accounting firm is complicit in and benefited from a fraud that doomed Platinum. Institutional Investor reported: The group of investors, who collectively sunk $63 million into the Platinum Partners Credit Opportunities Fund, filed a lawsuit against CohnReznick in the […]

Moss Adams Poaches Someone From PwC and Issues a Press Release, Part I

Nothing new to report on the recent data breach at Moss Adams, but here’s some MA news we missed last month during our holiday lull: They got a guy from PwC. Jason Emmons is now a partner at Moss Adams, and according to his LinkedIn profile, he’s been providing services to customers in a professional […]

Moss Adams Got Hacked, Y’all

Hope everyone is having a good start to 2020. We’re s-l-o-w-l-y easing our way back to normalcy at GC HQ and catching up on things we missed during the past week. Like Moss Adams disclosing a data breach, in which names and Social Security numbers of clients were exposed. How many clients were affected? We […]

Whitley Penn Poaches Someone From KPMG and Issues a Press Release, Part I

As 2019 winds down, we’d be remiss not to tell you guys that another KPMGer has recently left the House of Klynveld for the greener pastures of an accounting firm outside of the top 25. Earlier this month it was David Roberts leaving KPMG for Mauldin & Jenkins. Now we have Michael Pham who left […]

One Guy at Moss Adams Didn’t Get the Christmas Sweater Memo

Not the Moss Adams guy in the Santa suit. He gets a pass. The guy on the bottom left showing off the red puffer vest he just bought on sale at Old Navy for $12. Dude, what happened? What made him think, “Look at everyone in their Christmas sweaters. I need to get in this […]

Baker Newman Noyes Poaches Someone From EY and Issues a Press Release, Part I

Baker Newman Noyes must have been a good little accounting firm this year because instead of candy canes, Reese’s Peanut Butter Cup Miniatures, or WWE wrestling action figures in its stocking, Santa got the firm a new principal for its audit practice from EY. As a principal in the audit practice, Drew Nagus helps clients […]

Mauldin & Jenkins Poaches Someone From KPMG and Issues a Press Release, Part I

Last night me and my wife watched an episode of the Netflix series The Toys That Made Us about professional wrestling figures and how popular those toys were in the 1980s and ’90s. In that episode, it talked about Vince McMahon committing the ultimate sin when he took over the World Wrestling Federation from his […]

Promotion Watch ’19: Crowe Adds 34 New Partners and Principals

It’s time to take the noise makers out of your desk drawers and blow on them furiously because there will be 34 brand-new partners and principals at Crowe once the clock strikes midnight on April 1, 2020. The class of 2020 is fairly large by Crowe standards. It surpasses this year’s class of 24, the […]

RKL Poaches Someone From BDO and Issues a Press Release, Part I

When the 61st ranked accounting firm in the nation steals someone away from a firm like BDO, it’s kinda newsworthy. Well, newsworthy enough for a slow Wednesday late afternoon in early December. And newsworthy enough for RKL that it warranted a press release: RKL LLP announced that Michael T. McAllister, CPA, CITP, CISA, has joined […]

Arthur Andersen & Co.

Promotion Watch ’19: Andersen Adds 13 New Managing Directors

While we don’t typically include the “MDs” portion of PPMDs in Promotion Watch, Andersen doesn’t do that partner or principal thing, so MDs it is. The 2019 class of 13 managing directors at the firm formerly known as Wealth & Tax Advisory Services and then Andersen Tax is larger than last year’s class, when 10 […]

BKD Poaches Someone From Deloitte and Issues a Press Release, Part I

Longtime Deloitte Financial Advisory Services employee Jim Jordon is now teammates with Kate and Ben at BKD. Jordon was recently brought onboard as a managing director in BKD’s Forensics & Valuation Services division. He will be based in Houston. In his new role at the House of Dickman, Jordon will focus on assisting BKD’s energy […]

Weaver Poaches Someone From EY and Issues a Press Release, Part I

Do public accounting firms give their employees frozen turkeys before Thanksgiving? Maybe just at smaller firms? Anyway, if firms do do this, Greg Englert will be getting his turkey from Weaver instead of EY this year. National certified public accounting firm Weaver, the 35th largest public accounting firm in the United States, has added a […]

Which Audit Firm Got Fired the Most In Q3?

Earlier this month Accounting Today reported the latest data from Audit Analytics on public company audit client gains and losses for the third quarter, with Florida-based CPA firm Assurance Dimensions picking up nine new ones thanks to an acquisition. Among firms you’ll usually see in SEC or PCAOB enforcement orders, Marcum and Deloitte were the […]

EisnerAmper Poaches Someone From PwC and Issues a Press Release, Part I

Brent Lipschultz has boomeranged back to EisnerAmper after a four-year layover at PwC where he was a partner in the firm’s Personal Financial Services practice. Lipschultz, who has been a guest on CNBC a time or two to talk about taxes, investor confidence, and a bunch of other wealth advisory stuff, has re-emerged at EA […]

Weaver Poaches Someone From PwC and Issues a Press Release, Part I

Today we have another example of a big fish in a small pond. The small pond being the brand spankin’ new Weaver office in Oklahoma City. The big fish is Zeeshan Khan, who is no longer representing the autumnal hues of PwC. The national accounting firm Weaver, one of the 35 largest certified public accounting firms […]

Promotion Watch ’19: Plante Moran Admits 16 New Partners

The firm that prides itself on having a jerk-free environment has leveled up 16 lucky boys and girls, in one of the largest new partner classes at Plante Moran in recent years. 2019: 16 2018: 15 2017: 21 2016: 13 2015: 16 Let’s take a closer look at this year’s class by the numbers: 5: […]

BKD Poaches Someone From FASB and Issues a Press Release

It’s fairly common for midtier accounting firms to raid the Big 4 to fill managing director, principal, and partner positions. We’ve seen it happen several times since May. Dixon Hughes Goodman did it, not once but twice. Blumshapiro did it. So too did Andersen and Mazars USA. Hell, even RSM and Grant Thornton have done […]

Promotion Watch ’19: Moss Adams Admits 28 New Partners

More than two dozen of Moss Adams’s finest got a Golden Ticket from the accounting firm’s very own Willy Wonka, Chairman and CEO Chris Schmidt, on Oct. 1. While we’re not sure if the new partner class of 2019 is the largest in the firm’s 106-year history, it is the biggest since 2014: 2018: 21 […]

Armanino’s ‘Perfect Taco’ Video Will Make You Swear Off Mexican Food for Life

Dear accounting firms, Year after year y’all pour countless dollars and manhours into producing some of the cringiest YouTube content in existence (topped only by Joey’s World Tour and his obscene foodsex noises) and each time you manage to outdo yourselves with cringiness. Just stop. Stop trying to relate to “the kids,” and definitely stop […]

Mazars USA Poaches Someone From KPMG and Issues a Press Release, Part I

When Mazars USA isn’t getting subpoenaed for Donald Trump’s tax returns, it’s snagging people away from the Big 4, in particular, KPMG. Olga Blyweiss is one of the newest members of Club M, recently joining the firm as a tax partner in its Fort Washington, PA, office. In a previous life, Blyweiss was the managing […]

Mazars USA Subpoenaed for You-Know-Who’s Tax Returns

Has Donald Trump released his tax returns? Nope! But Manhattan District Attorney Cyrus Vance Jr., a Democrat, is trying hard to get his hands on them. The Manhattan District Attorney’s Office has subpoenaed eight years of President Trump’s personal and corporate tax returns as part of its investigation into hush money payments to two women […]

Marcum’s Microcap Conference Seemed Like a Great Event for Auditor Independence Violations

In the storied history of auditor independence violations by PCAOB-registered accounting firms, Marcum broke the rules in a rather unique and spectacular way: it publicly advocated its audit clients as investment opportunities. The PCAOB was probably giddy writing and sending out this press release on Sept. 10: The Public Company Accounting Oversight Board today announced […]

Arthur Andersen & Co.

Andersen Poaches Someone From Deloitte and Issues a Press Release, Part I

Did you guys see that Andersen has rebranded? Yep, the firm dropped “Tax” from its name and is just going by Andersen from now on, or until Mark Vorsatz tries to sneak in an “A.” so the firm becomes A. Andersen. And did the press release just say, “Hearkening the legacy and values of the […]

Gursey Schneider Has Relaxed Their Dress Code in the Most Uptight Way Possible

I don’t think in the 10 years we’ve been running this rag we’ve ever mentioned Los Angeles accounting firm Gursey Schneider but that ends now and boy did they hit the ground running for their Going Concern debut. Huge thanks to a tipster who provided us with everything we needed to know about GS’s new […]

Promotion Watch ’19: Marcum Adds 16 New Partners

While Major League Baseball teams expanded their rosters on Sept. 1, Marcum expanded its partner roster on Sunday, calling up 16 men and women to the big leagues. This year’s new partner class is by far the firm’s largest since 2010. The only one that comes close is 2017’s 13 promotions. Let’s take a look […]

Accounting Firm List Mania: INSIDE Public Accounting’s Top 100 for 2019

This year’s list from IPA features only one change among the top 10 accounting firms in the U.S.: CliftonLarsonAllen (or CLA, as the cool kids call them) leapfrogged over Crowe into the eighth spot. But there was quite a bit of jockeying in spots 11 through 16, with Baker Tilly now knocking on the door […]

DHG Poaches Someone From KPMG and Issues a Press Release, Part I

It’s been quite the summer for Dixon Hughes Goodman. The firm promoted seven individuals who oozed out the most DHGness to the partnership in early June, joined some lame alliance with Mazars in July, and was recently named the 17th top accounting firm in the U.S. by both Accounting Today and INSIDE Public Accounting. The […]

TIL: There’s a Ranking of the Top 50 Construction Accounting Firms

The editors at Construction Executive must have been desperate to fill their editorial calendar for 2019 because the trade magazine just came out with its inaugural ranking of the top 50 accounting firms that provide services to construction clients. Here’s all the work Construction Executive did to come up with its first-ever accounting firm listicle: […]

grant thornton compensation 2017

Layoff Watch ’19: Interim CEO Brad Preber Addresses the Grant Thornton Layoff Rumors

It’s Brad Preber’s first day on the job as interim CEO of Grant Thornton after now-former CEO and hero of the wastes Mike McGuire noped on up out of that seat. And boy did he have a shitstorm to deal with first thing. Rumors of Grant Thornton layoffs started swirling earlier this week, and no […]

Layoff Watch ’19: It’s Going Down at Grant Thornton

Back in March, Jason let us know about a handful of layoffs out of Grant Thornton U.K. and now it seems the fun is coming to ‘Murica. First, a tipster informed us of a shake-up in the Northeast Region, with the Westborough, MA office closing up and possibly more closures planned. Our tipster says they […]

Blumshapiro Poaches Someone From PwC and Issues a Press Release, Part I

Blumshapiro’s newest tax partner in Beantown has a great deal of experience in the Big 4 trenches. blumshapiro, the largest regional business advisory firm based in New England with offices in Massachusetts, Connecticut, and Rhode Island, recently announced that Joe Feehan has joined the firm as a Tax Partner in the Boston office. Feehan has […]

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 accounting and business consulting firms in the U.S., today announced Patrick Chylinski has joined the firm as […]

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, none are all too shameful thanks to meme culture and the magic of the internet that unites us all through […]

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 “I’m a New Principal” t-shirts. “I am pleased to announce this year’s promotions and extend a big congratulations to all of those promoted on their accomplishments,” said Citrin Cooperman CEO Joel Cooperman. “Each […]

Promotion Watch ’19: DHG Admits 7 New Partners, New MP and 11 Partners at Wipfli, BDO U.K. Adds 14 New Partners

New partners were deified recently at DHG, Wipfli, and BDO U.K., plus new leaders were named at Wipfli and PwC in South Africa. Dixon Hughes Goodman admits seven new partners and principals Seven lucky boys and girls got their seat at the big kids table on June 1, but the class of 2019 is smaller […]

Promotion Watch ’19: Baker Tilly Admits 20 New Partners, 11 of Whom Are Women

The smell of fresh partners has been permeating through the air this week. First, PwC unleashed its 2019 class of 249 new partners and principals on the 50 states and Mexico on May 31. Then earlier today, I saw this: Baker Tilly admits 20 new partners specializing in a variety of industries and services across […]

CohnReznick Will Have a New CEO In 2020

Ch-ch-changes are coming at the top of CohnReznick, as partners at the top 15 accounting firm this week elected David Kessler as CEO, effective Feb. 1, 2020. Kessler will succeed Frank Longobardi, who has been CEO since October 2015. Longobardi will remain at the firm until he reaches CohnReznick’s mandatory retirement age in January 2021, […]

Promotion Watch ’19: Eide Bailly Admits 20 New Partners and Principals

We recently saw on Accounting Today got a press release from the folks at Eide Bailly that on May 1, 20 EBers were anointed new partners and principals. For those keeping score at home, there are 16 newly minted partners and four new principals in the class of 2019. “This incoming group of partners and […]

DHG Poaches Someone From EY and Issues a Press Release, Part I

Whoa, look at Dixon Hughes Goodman, picking off a transfer pricing executive from EY. And he’s a former KPMGer. And he used to be an auditor at the IRS. Dixon Hughes Goodman, a U.S. top 20 public accounting and advisory firm, is pleased to announce that Samit Shah has joined the firm as a Principal in the […]

Auditor Swap: Mazars Wins Goldman Sachs International Audit Firm Sweepstakes

For weeks, the rags in the U.K. have speculated about which midtier firm would win the battle to audit Goldman Sachs’ London-based European operations, a job PwC has held for what seems like a gazillion years. Would it be Grant Thornton? Would it be BDO, which became the fifth-largest firm in the U.K. earlier this […]

How New Accounting Grads Can Tune Up Their Diversity BS Detectors

How can CPA firms be so white and male when they’re so dedicated to diversity? Look at any firm’s career site and you’ll see a carefully written commitment to diversity. Read enough of them and you’ll soon realize that diversity statements all sound the same. The profession can’t even come up with diverse ways to […]

Which Firm Topped the Big 4 in IPO Audits in Q1 of 2019?

2019 is supposed to be a record-breaking year for initial public offerings. At least that’s what the experts have been telling everyone. Barrett Daniels, Deloitte’s national IPO services leader, said the IPO market in 2019 “could end up being historic,” while Jackie Kelley, EY Americas IPO leader, said “this is going to be the best […]

Promotion Watch ’19: BKD Adds 23 New Partners and Managing Directors

With graduation season approaching, BKD CPAs & Advisors held its own graduation of sorts recently, as 23 of its finest capital market servants made partner or managing director. The class of 2019 is equal in size with the class of 2018; however, there are 12 new partners this year versus 16 last year, while there […]

PwC Toeing Thin Line Between Independent Auditor and Client Lobbyist for Tax Reform

Francine McKenna of MarketWatch reported on July 30 that PwC has earned $10.74 million since 2013 as the exclusive registered lobbyist on tax reform for a coalition that includes several audit clients, which some say is a conflict of interest. Members of the Alliance for Competitive Taxation—which calls itself “a group of America’s leading companies […]

Older Job Seekers Denied Class-Action Status in Age Discrimination Lawsuit Against PwC

A federal judge in San Francisco rejected class-action status to a group of up to 14,000 older job applicants on July 26 who are accusing PwC of favoring younger workers over individuals over the age of 40 for entry-level positions within the firm. The age discrimination lawsuit, which was filed in April 2016 by CPA […]

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KPMG U.K. Lawyers Up Because Not Breaking the Law is Hard, You Guys

The Financial Times did not hold back in its headline announcing the news on KPMG U.K.’s latest hire earlier this week: KPMG appoints risk management chief after accounting scandals. Ouch. Here, KPMG, you might need this. So just who is this brave individual willing to take on a brand-new role at a scandal-plagued accounting firm? […]

Lynn Tilton vs. SALY

During my first year, the firm sent me on a solo engagement to audit a bundle of Collateralized Loan Obligations (CLOs) that a client was preparing to sell. I’d never worked on that client or in that industry, and I’d never heard of a CLO before. The manager gave me a crash course on CLOs over lunch and told me, “Just follow what they did last year.”

The PwC Partner Who (Sorta) Looks Like Matt Damon and Other Public Accounting Doppelgangers

If you watched the Oscars last night, you probably saw the awkward exchange between host Neil Patrick Harris and PwC's Brian Cullinan. According to the Daily Mail (I know, I know): After the gongs had been awarded, Cullinan was brought out by Harris, who grilled him on his job as guardian of the Oscars secrets. […]

This One Chart Tells You Everything You Need to Know About Diversity in the Accounting Profession

So, we're working on a somewhat involved piece — which we'll debut later in the month — on diversity and socioeconomic barriers to the profession. In our research, we turned to the 2013 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report, which is chock-full of all kinds of […]

McGladrey CEO Embarks on 37th Busy Season, But Who’s Counting?

Fresh from the tip box this week, we discover that McGladrey CEO Joe Adams is "personally" trying to get his people in the spirit of the season. Busy season, that is. Yes, please send your kid Joe Adams' regards for celebrating her birthday without you yet again. After all, it's all about that McGladrey experience!

Grant Thornton Sees Itself Out of American Realty Capital

"The accountant for eight nontraded real estate investment trusts managed by Nicholas Schorsch's privately held real estate manager, American Realty Capital, has resigned. Grant Thornton on Jan. 22 resigned as the independent registered public accounting firm for the eight REITs, including American Realty Capital Trust V, the last of the extremely popular ARC net lease REITs […]

Whistleblower Confirms BP Gripes of McGladrey’s ‘Astronomical’ Fee for Audit of Deepwater Payments

Back in October, we learned that BP was upset with McGladrey over the firm's audit of BP's 2010 Deepwater Horizon spill victim compensation program. The problem? Money, of course: With audit costs allegedly running nearly tenfold over budget and no audit in sight, BP last week asked a federal court to force the claims administrator […]

Another Rothstein Kass Refugee Has Fled the Land of KPMG

It's been a bit since we've covered the comings and goings of Rothstein Kass refugees making their way in the post-KPMG acquisition world. Some of them have broken off and formed their own offices. Others are undoubtedly sticking around. For 14 year RK veteran Matthew Anderson, it was Door #1: Fort Worth-based Weaver is expanding […]

McGladrey Reminds Audit Staff to Stay Billable This Busy Season

McGladrey isn’t just clinging to the billable hour, they’re trying to put a ring on it.

RIP ParenteBeard, We Hardly Knew Ye

Well, it's official, ParenteBeard is no more. The merger was effective October 1, and Baker Tilly has wasted no time slapping their logo all over Internet real estate that once belonged to ParenteBeard. We haven't heard any further grumblings of layoffs or general discontent, but if you know something we don't, you know what to […]

Let’s Waste Some Chargeable Hours Comparing Chargeable Hour Goals

Fresh from the tip box this afternoon: Just had our goal planning meeting for GT. I'm curious what the charge hour goals are in other mid market firms. As far as I can tell, we haven't spilled the beans on Big 4 chargeable hour goals in years, so now might be a good time to […]

Grant Thornton Has a Fight Song and It’s As Awful As You Might Expect

Grant Thornton is in the anniversary mood and wants its people to get on board, too. In that spirit, they are looking for staff to make their best GT fight song video. Show your Grant Thornton spirit!To help us celebrate our 90th anniversary, we’re pleased to launch Grant Thornton’s Got Talent — a contest in […]

Here’s Everything You Need to Know About the Baker Tilly ParenteBeard Merger

Back in June, we learned that Baker Tilly was in merger talks with ParenteBeard. Unlike certain accounting firms in merger talks that shall remain nameless, it seems at least on the Parente side there was nothing to hide. Who wouldn't want to be proud to be the 12th largest accounting firm in the country post-merger? […]

Deloitte Summer Interns Challenge Rival Firms to Step Up and Get Drenched in Ice Water

Surely you've seen the ice bucket challenge, perhaps you've even participated yourself. In case you don't know, basically you get a bucket of ice water dumped on you, nominate two friends to do the same, and if they don't, they have to donate $100 to an ALS charity. Now, some have argued it's a bit […]

McGladrey Ups Its Game With Its Latest New Hire

Anyone remember the awkward fireside chat? If so, this guy looks familiar. I have joined McGladrey as their Chief Economist. I look forward to creating a new product on the U.S. economy & the middle market — Joseph Brusuelas (@joebrusuelas) August 12, 2014 What does this mean for McGladrey, the middle market, and the rest […]

In the Interest of Security and Penny-Pinching, CliftonLarsenAllen Will No Longer Accept Credit Cards

Wait a minute, why the hell were clients sending their credit card numbers via email in the first place?! Our tipster shares a recent email from the higher ups: Hello All, Gordy Viere, Denny Schleper, John Shutkin and Chas McElroy have made a decision that we will no longer accept credit cards as a method […]

Why Do Accounting Firms Feel the Need to Vigorously Defend Themselves?

The other day, news came out that a class action suit had been filed against KPMG. I know, I know, it's like every other week some accounting firm is getting sued for something. Of course, KPMG wanted to make it clear that they would "vigorously defend" themselves in court: Siskinds LLP, Siskinds Desmeules and JSS […]

Another Family Office Group Flees Rothstein Kass After the KPMG Acquisition

Do we have a trend here? Perhaps. The founders of JDJ Resources Corporation have left Rothstein Kass Family Office Group to launch JDJ Family Office Services. Boston-based JDJ Family Office Services, which provides administrative multi-family office and personal CFO services to high net worth individuals and families, will retain its entire 21-person staff and continue […]

ParenteBeard Confesses It Is in Merger Talks With Baker Tilly

We were tipped to this about two weeks ago but unfortunately our tipster failed to include an email address or any details that we could confirm (THANKS A LOT, GUY). Now, we could have just run it but that would go against our journalistic sensibilities, so we sat on it until we could get to […]

Steve Kass Insists He Meant It When He Said Rothstein Kass Wasn’t For Sale

When we first started hearing rumors of a Rothstein Kass KPMG merger in February, one of the items we were sent along with tips that an acquisition would be forthcoming was a letter from RK CEO Steve Kass that went out to staff in July of 2013. A highlight:

Layoff Watch ’14: ParenteBeard Canned 22 People Last Monday

ParenteBeard, the largest accounting firm based in Philadelphia with nearly 1,000 partners and staff in 19 offices in Pa., N.J., and N.Y., laid off 22 employees on June 2, including 6 from its Philadelphia-South Jersey region, the rest spread around the firm's network of central Pennsylvania, New York and North Jersey offices.  Separately, Albert Miller, […]

This Accounting Firm Hopes Its Marketing Campaign Will Change the Way You Look at Bad Words

When it comes to accounting firm marketing, even the biggest of the big firms can flop (we need not speak of EY's rebranding in the context of a Safe Search off Google Image search but we will, again, because hahahaha I can't believe they did that). In the case of little guys SS&G, we aren't […]

Moss Adams Gunning Hard to Win Creepiest Doll in a Suit Award

Can someone please explain what's going on with this oddly-shaped voodoo doll that is Adam Moss? "Adam Moss is taking an afternoon coffee break! Happy Friday everyone!" Adam Moss is creeping me out, don't let him near my coffee.

This One Chart Tells You Everything You Need to Know About a Rothstein Kass Acquisition

From the first moment the Rothstein Kass KPMG rumors started circling the bowl, it was pretty clear that RK's golden child is its hedge fund practice. Surely KPMG wasn't interested in the deal just so they could acquire Rothstein Kass' novelty cell phone stand named Trusty. Well, Audit Analytics put things in handy chart form […]

The Rothstein Kass/KPMG Merger Is Most Definitely On and Happening Soon, Says This

Hedge Fund Alert is subscription only so we don't have much but we do have this: After months of rumors, big-four accounting firm KPMG has reached an agreement to acquire Rothstein Kass — a deal that will make KPMG one of the top three hedge fund auditors. The deal could be announced within a week […]

The Secret to Plante Moran’s Success is a Jerk-Free Environment

Remember the Vault Accounting 50? And remember how Plante Moran would have swept it were it not for PwC's pesky prestige dominating the rankings? Well Plante Moran says its secret is a jerk-free environment: If you eliminate what outsiders think, Plante Moran and Friedman become a main focus of the study. Plante Moran was ranked […]

Baker Tilly Manages to Get Half of Audits Right, Per UK Regulator

From Accountancy Age: Top Ten accountancy firm Baker Tilly has been told to review its audit methodology in light of continuing deficiencies in the quality of its audit work discovered as part of an inspection by the profession's watchdog. Baker Tilly was also criticised by the FRC for its reluctance to accept recommendations made by […]