Accounting firms zero in on efficiences
CFO Dive
FEBRUARY 17, 2023
The narrative has changed this year, with the drive for efficiency replacing talent as the top priority for accounting firms.
Accounting Firms Related Topics 
Tax, accounting firms see tech utilization paying off: survey
CFO Dive
DECEMBER 5, 2022
Tax and accounting firms are becoming more comfortable tapping technology as a driver of success as they seek to grow revenue and profit and improve employee effectiveness for 2023.
Accounting Firms 
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Big 4 accounting firms squeeze traditional MSP market
CFO Dive
MAY 15, 2023
The blurring lines between software and business processes is a boon for big-four firms looking to managed service providers to expand client offerings.
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What to Look For in an Outsourced Accounting Firm
https://trustedcfosolutions.com/feed/
OCTOBER 3, 2022
A business should be looking for a mix of strong experience, technology, and reputation when enlisting the services of an accounting firm. . Read on for recommendations and tips regarding outsourcing the best accounting firm for the job. Ideally, an accounting firm will offer more than just basic bookkeeping.
What to expect from accounting firms specializing in nonprofits
The Charity CFO
APRIL 28, 2023
Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Accounting firms specializing in nonprofits can help you comply with these regulations.
Mazars sees Forvis tie-up propelling it among top 8 accounting firms in India
CFO News
NOVEMBER 24, 2023
India managing partner Bharat Dhawan says after the combination with US firm Forvis, Mazars overall would become a global network of about $5 billion in revenue, resulting in significant revenue for Mazars India.
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Top accounting firms in India bullish on hiring
CFO News
APRIL 27, 2023
The positive hiring intent can be attributed to high demand of multiple services delivered by these firms such as taxation, business consulting, risk advisory, deal advisory, technology services, ESG services.
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E78 Partners Announces Strategic Acquisition of Private Equity-Focused Finance and Accounting Firm Outliers LLC
E78 Partners
JUNE 12, 2023
The post E78 Partners Announces Strategic Acquisition of Private Equity-Focused Finance and Accounting Firm Outliers LLC appeared first on E78 Partners. The company was founded in 2016 and has more than 450 senior professionals. For more information, visit e78partners.com.
Global accounting firms set up shop in India's smaller cities
CFO News
JULY 12, 2023
Business service exports have become a critical part of India's economy but the sector has been hit by a slowdown in global demand for software and challenges in big urban centres such as rising costs, high attrition and slow progress in getting workers to return to the office after the pandemic.
EY split hits wall
CFO Dive
APRIL 12, 2023
Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.
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CPA firms facing talent shortage hike starting salaries 14%
CFO Dive
AUGUST 3, 2023
Many accounting firms lacking qualified staff have had to turn away work, according to alliantTalent.
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U.S. watchdog sanctions three KPMG global firms
CFO Dive
DECEMBER 7, 2022
The PCAOB cracked down against KPMG for several alleged violations in the latest sign of tougher oversight of the accounting firms that audit publicly listed companies.
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NJ Devils, Philly 76ers veteran named Schellman CFO
CFO Dive
SEPTEMBER 30, 2022
Andy Goldstein, who has held the top financial seat for big-name brands such as the New Jersey Devils, will tap his 22 years of industry experience as CFO for the accounting firm.
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SEC’s Munter warns of potential decline in accounting ‘professionalism’
CFO Dive
NOVEMBER 3, 2022
Missteps at large accounting firms threaten to undermine investor confidence in financial information, according to Paul Munter, the SEC’s acting chief accountant.
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No Breakup For UK’s Big Four Accountancy Firms
PYMNTS
DECEMBER 19, 2018
’s Big Four accountancy firms — KPMG , PwC , EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA), The Guardia n reported on Tuesday (Dec.
Report: Accounting Firms Turn Down Greensill Auditing Role
PYMNTS
OCTOBER 29, 2020
A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank -backed firm mulls a stock market listing, the Financial Times (FT) reported. The United Kingdom-based organization has become one of the most highly valued private finance firms in the nation as of its 2011 establishment.
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India's President Murmu sees practicing women CAs over 50% by 2047
CFO News
JULY 1, 2023
The President also admitted that Indian accountancy firms have not yet reached the stature of big multinational accounting firms, and highlighted that they should think about regulations of different fields and collaborate with law firms.
Accounting Firms MYOB, Xero Eye Invoice Finance Solutions
PYMNTS
FEBRUARY 2, 2020
Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees to small businesses in exchange for faster access to unpaid accounts.
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PCAOB strengthens requirements for lead auditors
CFO Dive
JUNE 22, 2022
The new requirements come as many companies have expanded their operations globally, leading to an increase in audits executed by multiple accounting firms.
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BDO USA Adopts Employee Stock Ownership Model
Global Finance
AUGUST 31, 2023
Global Finance Magazine - To attract and retain prospects, accounting firms are trying to entice prospective employees with additional benefits.
PwC plans to cut around 600 UK jobs- Source
CFO News
NOVEMBER 7, 2023
PricewaterhouseCoopers (PwC), one of the renowned "Big Four" accounting firms, has revealed its intention to reduce its workforce by approximately 600 jobs in the United Kingdom, as reported by a source on Tuesday.
KPMG Assurance pays US regulator's penalty in 2017 case
CFO News
DECEMBER 26, 2022
In an earlier order, the PCAOB announced that it had censured KPMG Assurance and Consulting Services LLP, a registered public accounting firm, and a KPMG partner, along with KPMG India, and imposed civil money penalties of $1,000,000 on KPMG India and $75,000 on the partner.
MYOB Acquires Half Of SMB Accounting Firm Reckon
PYMNTS
NOVEMBER 17, 2017
Reckon , an Australia-based small business (SMB) accounting company, has reportedly sold off key assets to industry peer MYOB. 16), Reckon Chief Executive Clive Rabie described the company’s sale of its accounting practice software unit to MYOB as losing the “jewel in the crown” of the company.
Big 4 raid each other's pools as talent war rages amid unprecedented growth
CFO News
OCTOBER 1, 2023
The Big Four accounting firms - EY, PwC, Deloitte, and KPMG - are engaged in a talent war as they seek to strengthen their advisory practices and fill gaps in their service portfolios. Deloitte recently hired 150 members, including 15 partners, from KPMG, prompting KPMG to actively court Deloitte partners and their teams.
Kishore Biyani moves Bombay High Court against BDO and Bank of India
CFO News
SEPTEMBER 25, 2023
Kishore Biyani, founder of the Future Group, has challenged the forensic audit process and report submitted by accounting firm BDO India LLP and its lender, Bank of India, at the Bombay High Court. Biyani has filed a writ petition against Future Retail, BDO India, and Bank of India. The matter will be heard on September 31.
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UBS to retain EY as auditor after Credit Suisse takeover: Report
CFO News
JULY 16, 2023
The size of the contract will require the Big Four accounting firm to call in staff from other countries to work on the audit, two people told the FT. PricewaterhouseCoopers (PwC), which has been Credit Suisse's auditor since 2020, will audit the acquired bank's accounts for 2023, according to the newspaper.
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Take Back Your Time With Outsourced Accounting
https://trustedcfosolutions.com/feed/
OCTOBER 20, 2022
A small, in-house finance team may start to feel the pressures of a growing business, and if you are still doing your own accounting, you could be losing hours of time —and money. Hiring an outsourced accounting firm gives you the freedom to do just that while leaving your financials in the hands of professionals.
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Auditing and accounting talent shortage remain a top issue
Future CFO
FEBRUARY 23, 2023
Almost 70% of accounting firms expect their rate of technology adoption to increase over the next two years, while more than 80% of internal audit teams are already employing cloud technology. While nearly 80% of accounting firms use client collaboration tools, almost 52% said their client engagement process is only somewhat efficient.
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How Accountants' AR Builds A Better Client Experience
PYMNTS
DECEMBER 11, 2020
Not only do legacy AR processes create inefficiencies for accountants and their organizations, but according to Anduin Co-founders Justin Adams and Pat Morrell , they are also adding pain to the experience of accountants' own clients. But this environment doesn't just mean that accounting firms' AR operations are facing friction.
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India self-reliant in textiles, food products, iron & steel
CFO News
DECEMBER 26, 2022
In a move to measure India's self-reliance, industry body CII and accountancy firm PwC have developed an 'AatmaNirbhar Index', which is expressed as the ratio of the country's total exports and its imports.
Hindenburg saga: Hiring Grant Thornton for independent audit is a market rumour, says Adani Enterprises
CFO News
FEBRUARY 15, 2023
The exchanges had sought a clarification from the company after Business Standard reported that the embattled Adani group had appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators. (..)
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Welcome Jim Murdy
Focus CFO
APRIL 7, 2023
Jim has over 30 years of progressive financial and operations leadership beginning with five years of diverse audit experience with Big 4 public accounting firm Arthur Andersen, LLP, including a major fraud investigation. He reated and managed the first internal audit department at a community hospital located in Wheeling, WV.
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Finance leaders' balancing act between risk, transformation
Future CFO
OCTOBER 31, 2023
A number of finance leaders in the Southeast Asian region were revealed to have been pursuing a bold transformation agenda in a bid to bring change to the function for the future, according to a study by accounting firm EY.
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Ernst & Young Under Scrutiny Over Wirecard Accounting Practices
PYMNTS
JUNE 26, 2020
Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”
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Meihua International Medical Technologies appoints new CFO
Future CFO
DECEMBER 20, 2022
Prior to his appointment at Meihua, Lianzhang Zhao was senior partner at Yangzhou Hanrui Accounting Firm from 2013 to 2022. Meihua is amanufacturer and provider of Class I, II and III disposable medical devices with operating subsidiaries in China. Before that, he was the CFO of Yangzhou Guolian Garment Factory Co.,
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UK Moves To Split Audit And Consulting Profits At Big Four
PYMNTS
JULY 6, 2020
The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. The measures by the U.K.’s
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Six Key Factors for Building an Expert Professional Services Company
Bramasol
NOVEMBER 13, 2023
For example, sometimes we are brought into projects by one of the large accounting firms to provide specialized revenue recognition, quote-to-cash, and/or BRIM capabilities while the accounting firm still retains overall responsibility.
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EY considers global audit spinoff
Future CFO
MAY 26, 2022
EY and other Big Four accounting firms — PwC, Deloitte, and KPMG — have long been slammed for their lack of independence in their auditing of company accounts from which they also generate income with consulting, tax, and advisory services.
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Why accountants must keep up with new technology
Future CFO
OCTOBER 9, 2023
Learning AI and technology skills in accounting can boost their career prospects, professionals tend to command higher salaries, making them more versatile and adaptable to industry trends. The post Why accountants must keep up with new technology appeared first on FutureCFO.
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Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
PYMNTS
SEPTEMBER 30, 2020
One day after an Ernst & Young ( EY ) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash, the Financial Times (FT) reported. On Tuesday (Sept.
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MiB: Aswath Damodaran: Valuations, Narratives & Academia
Barry Ritholtz
APRIL 8, 2023
He “ always wonders about these accounting firms that reappraise price but not value; they reappraise price because they lack the tools to re-appraise value.” Damdoran loves “untangling the puzzles of corporate finance and valuation.”
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Telleroo Integrates B2B Payments Function For SMB Accountants
PYMNTS
DECEMBER 10, 2019
based FinTech specializing in facilitating payments for small business accountancy firms, is partnering with BIN (bank account identification number) sponsor Moorwand to further streamline the payments experience for accountants and bookkeepers. Telleroo , a U.K.-based In a press release issued Tuesday (Dec.
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Joules appoints KPMG to help boost profitability
Accountancy Today
JULY 11, 2022
Outdoor fashion and lifestyle retailer Joules has appointed ‘ Big Four ’ accounting firm KPMG to improve its cash position in the face of turbulent economic conditions due to the cost of living crisis. .
Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs
PYMNTS
JUNE 29, 2020
As the fallout from Wirecard ’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported. Only then can we contain the fallout from this affair.”. We have to think about how the regulatory regime should be changed,” he said. .
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