Accounting Advices 

Compensation Watch ’21: Did EY Redeem Itself In the Eyes of Their Employees? (UPDATE)

(Updated post from Aug. 18 with a comparison of average raise percentages per promotion from 2018 and 2016.) 2020 was a pretty ugly year for the Black and Yellow—and especially for EY employees. Let’s recap, shall we? No performance-based bonuses.Raises only to those who received a promotion.Lots and lots of layoffs.Unlimited PTO; no more accrued PTO payouts. And EY’s bad look continued into early 2021, with ultimatums being given to workplace services coordinators and on-site technology support employees, and a lame (and expensive) television ad that aired during the Super…

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Accounting Newsletter 

Black Friday Footnotes: Carillion Liquidator Wants Lots of KPMG Money; EY Can’t Handle the Truth; Mattel and PwC Settle with Investors | 11.26.21

Carillion Liquidator Seeks $336 Million From KPMG [Bloomberg] The U.K. government agency charged with liquidating Carillion Plc has lodged a claim at the high court against auditor KPMG, the Sunday Times reported. The official receiver has accused KPMG of negligence in its audit of the U.K. contractor and quantified claims of about 250 million pounds ($336 million) in dividends and advisory fees paid between 2014 and 2017, the newspaper reported. Full details of the legal claim are expected to be made public before the end of the year, it said.…

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