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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Deloitte's Latest Ad Promises Clients Their People Have No Life Whatsoever and Are Always Eager to Serve

1 day ago | goingconcern.com | Adrienne Gonzalez

h/t @GayBearRes for spreading this masterpiece around on X, that’s how we saw it anyway. @lifeatdeloitteus posted this reel on Insta the other day, tagging their #TogetherMakesProgress hashtag:Insta text:You don’t get to choose when business challenges present themselves. But you do get to choose the team that will help you overcome them. Our newest #TogetherMakesProgress TV commercial shows us just how true this is in life—and in business.
Monday Morning Accounting News Brief: How CPAs Are Actually Using AI; Ex-Big 4 Guy on How to Navigate Worklationships | 6.2.25

5 days ago | goingconcern.com | Adrienne Gonzalez

Business Looks to Republicans to Block Rules, Taxes [Bloomberg]The Republican gains in Congress mean U.S. companies from Goldman Sachs Group Inc. to Wellpoint Inc. may be able to weaken or block what they consider President Barack Obama’s anti-business policies on health care, the environment, taxes and financial reform.
So I Guess We're Just Talking Mad Sh*t About Big 4 Consulting Now

1 week ago | goingconcern.com | Adrienne Gonzalez

Have you seen this article in The Telegraph today? The headline gives away the gist of the 1,300 words that followed it but for funsies let’s summarize the main points, namely the three instances of “bullshit.” Note they use quotes around the word — presumably someone they spoke to specifically used that word to describe Big 4 consulting — but don’t attribute it to one source of the several they spoke to.
Enron and WorldCom Whistleblowers Plead Their Case to Save the PCAOB

1 week ago | goingconcern.com | Adrienne Gonzalez

This story was included in yesterday’s news brief however comments are closed on those by default and we felt readers may have something to say about this topic. New York Times has published a guest essay penned by Sherron Watkins and Cynthia Cooper, TIME’s 2002 Persons of the Year and, most notably, the people who have given audit professors teaching material for the next several decades.
Tuesday Morning Accounting News Brief: Forget the Layoffs, RSM Got Foosball!; Whistleblower Op-Ed Begs For the PCAOB's Life | 5.27.25

1 week ago | goingconcern.com | Adrienne Gonzalez

Sup and good morning. We’re doing this today because yesterday was a holiday, something I hope at least some of you were able to realize. Baltimore Business Journal reports that RSM is adding foosball and a moss wall to its office. I’m sure all the people who have been laid off and the staff in India who replaced them will appreciate that.
Monday Morning Accounting News Brief: Chicago Hires EY to Find Money in the Couch Cushions; PwC Does a Deep Dive on Justin Bieber | 5.19.25

2 weeks ago | goingconcern.com | Adrienne Gonzalez

U.S. Audit Watchdog to Ramp Up Enforcement, New Chairman Says [Bloomberg]James R. Doty, the new head of the board that oversees auditors of U.S.-registered companies, said he expects the panel to ramp up the scale and number of its enforcement actions. Doty, 70, who took over as the chairman of the Public Company Accounting Oversight Board last week, said that the board — which was established eight years ago — has been building its capacity to scrutinize auditors certifying companies’ books.
'CPA' Is an Increasingly Dirty Word at PE-Owned Firms

3 weeks ago | goingconcern.com | Adrienne Gonzalez

Blake really isn’t letting this one go and I don’t blame him:Some PE-owned firms are telling CPAs to remove their credentials from email signatures. Where does this stop? Taking our certificates off the walls? CPAs worked for years to expand our role, but now we're being marginalized. — Blake Oliver (@BlakeTOliver) May 13, 2025 An earlier tweet of his confirms what we’ve also heard that LinkedIn profiles are being scrubbed of those three letters at the behest of accounting firm employers as well.
Monday Morning Accounting News Brief: PwCers Will Fight You For Their AI; Federal Prison For Jilted Lover Who Swatted the IRS | 5.12.25

3 weeks 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 month 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 month 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.