Jorja Siemons

1 week ago | news.bloombergtax.com | Jorja Siemons

Companies that develop their own software to use in-house are set to gain fresh updates to decades-old rules on how to account for the costs of building those apps and tools. The Financial Accounting Standards Board voted Wednesday to finalize an effort modernizing rules originally written in the late 1990s to better align financial reporting with current software development. The board directed staff to draft the plan’s final version.

1 week ago | news.bgov.com | Jorja Siemons |Amelia Gruber Cohn

The latest layoffs for PwC’s US workforce likely mark just the beginning of cuts at the Big Four firms as they grapple with economic uncertainty, low turnover, and competition from smaller private-equity backed firms. Beyond shedding roughly 2% of its workforce—1,500 jobs mostly in its tax and assurance staff—PwC plans to slow down its campus recruiting and will offer internships to a smaller cohort for next year.

1 week ago | news.bloombergtax.com | Amanda Iacone |Jorja Siemons

The latest layoffs for PwC’s US workforce likely mark just the first round of cuts at the Big Four firms as they grapple with economic uncertainty, low turnover, and competition from smaller private-equity backed firms. Beyond shedding roughly 2% of its workforce—1,500 jobs mostly in its tax and assurance staff—PwC plans to slow down its campus recruiting and will offer internships to a smaller cohort for next year.

1 week ago | news.bloomberglaw.com | Jorja Siemons |Amelia Gruber Cohn

The latest layoffs for PwC’s US workforce likely mark just the beginning of cuts at the Big Four firms as they grapple with economic uncertainty, low turnover, and competition from smaller private-equity backed firms. Beyond shedding roughly 2% of its workforce—1,500 jobs mostly in its tax and assurance staff—PwC plans to slow down its campus recruiting and will offer internships to a smaller cohort for next year.

1 week ago | news.bloomberglaw.com | Jorja Siemons |Amelia Gruber Cohn

The latest layoffs for PwC’s US workforce likely mark just the first round of cuts at the Big Four firms as they grapple with economic uncertainty, low turnover, and competition from smaller private-equity backed firms. Beyond shedding roughly 2% of its workforce—1,500 jobs mostly in its tax and assurance staff—PwC plans to slow down its campus recruiting and will offer internships to a smaller cohort for next year.