Going Concern

Going Concern explores the fields of accounting and business finance. The platform offers unique news and expert insights into the culture, individuals, and companies that influence the industry.

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Monday Morning Accounting News Brief: PwCers Will Fight You For Their AI; Federal Prison For Jilted Lover Who Swatted the IRS | 5.12.25

2 days ago | goingconcern.com | Adrienne Gonzalez

Deficit Deal Might Delay Tax Overhaul [WSJ]“There could be a two-step process that would hopefully give us pro-growth tax reform,” Rep. Jeb Hensarling (R., Texas) said on CNN’s “State of the Union.” Mr. Hensarling is a co-chairman of the deficit-cutting supercommittee that faces a Nov. 23 deadline for reaching agreement on a plan to cut at least $1.2 trillion from projected future deficits.
Janet Truncale Declares EY Won't Shrink Their Workforce Just Because AI Is Cheaper

1 week ago | goingconcern.com | Adrienne Gonzalez

Hey gang, we’ll just take a moment of your time to point out the bang-up job that’s being done at the The Business Journal of the greater Triad Area. They’re not in the class of the CNNs of the world but we figure some recognition is appropriate. They ran a story dated Friday the 18th entitled, “Ernst & Young merging sites, making Triad virtual office” which is kinda, sorta similar to a post we did on December 10th.
Monday Morning Accounting News Brief: EY in the Middle of Some City Drama; AI Takes the Entry-Level Work, Spares the Rich Guys | 5.5.25

1 week ago | goingconcern.com | Adrienne Gonzalez

Hey. I have some news for you. Let’s lead with a couple AI stories I saw over the weekend. Futurism drifts into The Onion territory with Top Venture Capitalist Says AI Will Replace Pretty Much All Jobs Except His, Which Relies on His Unique GeniusThe future is a world of jobless workers — except for the enlightened philosopher-kings of venture capital, that is.
Florida May Find Out What Happens If We Replace CPAs With Fantastic From Fallout New Vegas

1 week ago | goingconcern.com | Adrienne Gonzalez

This is Fantastic if you aren’t familiar with New Vegas lore. Several years back, the AICPA seemingly out of nowhere announced it had detected a huge threat to CPA licensure and started warning its members of a vague movement to do away with licenses completely that could somehow affect accountants.
Firms Keep Lying About the 'Talent Shortage' So They Can Hire in India to 'Solve' It

2 weeks ago | goingconcern.com | Adrienne Gonzalez

Get a load of this article Reuters published today:A short excerpt:U.S. accounting firms including RSM US, Moss Adams, Bain Capital-backed Sikich and Apax Partners-backed CohnReznick are expanding their operations in India to tackle an acute shortage of accountants at home. “This could be the breakthrough moment for public accounting firms in India,” Balaji Iyer, managing partner at Moss Adams India, told Reuters.
Monday Morning Accounting News Brief: BTFO PCAOB; Did the CPA Exam Evolve Without Academia? | 4.28.25

2 weeks ago | goingconcern.com | Adrienne Gonzalez

The big story over the weekend, and one I’ll probably be writing a biased editorial article on later because I unapologetically hold the opinion that the PCAOB is 99% tedious paper-pushing, comes from Financial Times:Republican lawmakers are planning to shut down the US audit regulator, which was founded in the wake of the Enron scandal more than two decades ago, as part of a reform package designed to deliver Donald Trump’s deregulatory agenda.
Programming Note: Where Have We Been?

3 weeks ago | goingconcern.com | Adrienne Gonzalez

Hi. You may have noticed a shortage of content around here since April 11, a situation that’s not hard to notice given the pace at which we’ve consistently shit out articles Monday through Friday since 2009. I’d like to extend a fist bump to everyone who reached out to ask if we’re OK, even the person who felt compelled to call the tipline 9 times in a row after midnight the other night before finally leaving a frantic voicemail. So why haven’t we posted anything?
Better Hurry Up and Play This Pokémon Tax Game Before Nintendo's Lawyers Find Out About It

1 month ago | goingconcern.com | Adrienne Gonzalez

God bless our friends to the North. If you can’t have a sense of humor about this stuff, you’re likely to do something stupid like, say, join the Tea Party: A Quebec man, fed up with his skyrocketing property taxes, carted more than 200,000 pennies down to City Hall to pay his bill. But he was denied, and asked to simply cut a cheque. Normand Czepial of Ripon, Que.
Alternate CPA Pathways Breezed Their Way Through the Georgia Legislature

1 month ago | goingconcern.com | Adrienne Gonzalez

Ed. note: This post is by Jeff Jardine, CMA®, CPA, PMP, Senior Consultant, Deloitte & Touche LLP and is republished from AccountingWEB. During my summer internship at an accounting firm I noticed each night as I was heading out the door with my managers that two of our team members stayed behind and continued working. I admired but internally questioned their dedication.
Monday Morning Accounting News Brief: Firm Tells City Client to F Off; One Canadian Big 4 Firm Sucks, Dunno Who | 4.7.25

1 month ago | goingconcern.com | Adrienne Gonzalez

Good morning, people. Got some news for you. Financial Review published a story titled “EY and PwC become the outsourcers.” It’s not what you think it is. Among the industries in desperate need of rehabilitating its image with the federal government, the consulting sector remains number one. The big four have been on the nose in Canberra since the PwC tax leaks scandal.