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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Alternate CPA Pathways Breezed Their Way Through the Georgia Legislature

2 weeks 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

2 weeks 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.
Layoff Watch '25: Here Comes the RIF at Deloitte

2 weeks ago | goingconcern.com | Adrienne Gonzalez

Well we knew layoffs were coming to Deloitte sooner or later, just didn’t think it would be this much sooner. Saw this discussion on r/deloitte yesterday:A + C = Advisory and Consulting. Damn you, Big 4 staff and your esoteric acronyms. And there’s this comment thread:While we were doing some digging to confirm this, Wall Street Journal went ahead and confirmed because they’re better and faster at their jobs than we are.
A Top Ten Firm is Frustrated Their Gen Z Staff Don't Know How to Use Phones to Speak to Other Humans

3 weeks ago | goingconcern.com | Adrienne Gonzalez

It’s hard to write an article like this without coming off as some kind of boomer complaining about how kids these days are so [insert pejorative here] so allow me to preface this by saying I don’t intend anything I say here to be a value judgment. If we want to be completely fair about it, we millennials were the ones who pioneered the art of never answering the phone, far be it from one of us to say Zoomers are dumb for not wanting to talk on them.
Monday Morning Accounting News Brief: Crikey, Another Tax Scandal; Deloitte Is Bleeding Contracts | 3.31.25

3 weeks ago | goingconcern.com | Adrienne Gonzalez

Sen. Sherrod Brown Prods SEC/FASB to Fix Accounting Standards [The Summa]This is Professor Albrecht’s take on Senator Brown’s amendment SA 3853 to the S. 3217: Restoring American Financial Stability Act of 2010. The Professor is less concerned about this particular attempt at financial accounting legislation, reasoning that the SEC and the FASB have had plenty of opportunities to fix these issues (e.g. repurchase accounting) and have passed them up.
Can You Believe This Accounting Firm Raided By Police Wasn't Paperless??

3 weeks ago | goingconcern.com | Adrienne Gonzalez

51 Thais and 21 Chinese nationals working at an unnamed accounting firm in Bang Phli Yai, a modestly sized district on the eastern side of Bangkok, have been arrested for what appears to be an scheme to register Thais as owners of businesses not actually owned by Thais to skirt around Foreign Business Act rules that bar foreign owners. OK but it wasn’t just that.
Want to Know Exactly How Much Offshore Staff Are Making? Gotchu

4 weeks ago | goingconcern.com | Adrienne Gonzalez

Who wants to see an offshore salary guide? Because we’ve got one for you today. It comes from TeamUp, a company that does direct hires for US, Canadian, and Australian firms hiring overseas, meaning they get people on firms’ actual staff rather than acting as a middleman. You can guess where this is going based on the intro:SaLaRy eXpEcTaTiOnS HaVe cLiMbEd sO HiGh tHaT ThEy oFtEn SiMpLY DoN’T WoRk. That’s it, we don’t want to hear another goddamn word about the accountant shortage. Not. One. Word.
Friendly Reminder Not to Work Yourself to Death For This Profession

4 weeks ago | goingconcern.com | Adrienne Gonzalez

Saw this on the bird app yesterday and thought its message would be worth passing along what with 20 days remaining until April 15 and nerves as strained as ever around here. We need to do a better job at pushing healthy boundaries in our profession. Third time this week someone has called the office looking for an accountant because their current one has either passed away or is in critical condition in the hospital. — Albert J.
Monday Morning Accounting News Brief: Guy Inside Trades Because Job Doesn't Appreciate Him; PE Eyes Law Firms Now | 3.24.25

1 month ago | goingconcern.com | Adrienne Gonzalez

Good morning, capital markets servants! I have some news for you. I don’t follow the Fed these days, certainly not as dutifully and angrily as I did back when both this website and I were young, but happened to stumble across an interesting story today about a former employee of the Richmond Fed who’s going to be sentenced for insider trading. A bank examiner, 44-year-old Robert Brian Thompson had access to non-public information that he leveraged into stock profits.
Accounting Firm Abruptly Nopes Out of Tax Season Early (UPDATE)

1 month ago | goingconcern.com | Adrienne Gonzalez

Ed. note: An earlier version of this article’s headline stated the sheriff is investigating. The Alexander County Sheriff’s Office informed us they are not investigating, only fielding calls from the firm’s anxious clients and directing them to the NC Board of Examiners. Some potentially juicy news coming out of North Carolina today:The Alexander County Sheriff’s Office has received numerous calls related to the accounting firm of Price, Breazeale & Chastang, PA.