Accounting Advices 

Friday Footnotes: Deloitte’s Plush Profits; Britney’s New CPA Conservator; KPMG Gives a Partner the Boot | 10.1.21

Deloitte UK profits boosted by public sector pandemic work [Financial Times] Deloitte has confirmed a surge in UK profits helped by public sector contracts during the pandemic, saying that its work on the response to Covid-19 was “essential”. Revenues at the firm’s UK and Swiss businesses, which operate as a single partnership, rose 4.2 per cent to £4.49bn in the 12 months to the end of May, buoyed by demand for its consulting and deal advisory services. The PCAOB hasn’t published pandemic period audit inspection results yet but PwC promises…

Read More
Accounting Newsletter 

Friday Footnotes: KPMG Sued (Again); Accounting For Weed; Less Travel Equals Profit For EY Partners | 11.5.21

.CPA Web Domain Launches in Canada [Business Wire] The restricted web domain, administered by the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com, officially launches in Canada this morning at 11 Eastern time. To be eligible, Canadian CPAs and CPA firms must be licensed. Preferred names will be awarded on a first-come, first-served basis. KPMG, fiduciaries face ERISA lawsuit from former 401(k) participants [Pensions & Investments] Former participants in a KPMG 401(k) plan have sued the company and plan fiduciaries, alleging a series of ERISA violations.…

Read More