{"id":1000897648,"date":"2024-11-08T17:00:23","date_gmt":"2024-11-08T22:00:23","guid":{"rendered":"https:\/\/www.goingconcern.com\/?p=1000897648"},"modified":"2024-11-08T17:01:25","modified_gmt":"2024-11-08T22:01:25","slug":"friday-footnotes-pwc-scandal-somehow-gets-more-scandalous-deloitte-denied-in-court-withum-embiggens-in-florida-11-8-24","status":"publish","type":"post","link":"https:\/\/www.goingconcern.com\/friday-footnotes-pwc-scandal-somehow-gets-more-scandalous-deloitte-denied-in-court-withum-embiggens-in-florida-11-8-24\/","title":{"rendered":"Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24"},"content":{"rendered":"\nFootnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter<\/a> to get the week’s top stories in your inbox every Tuesday and Friday.<\/em>

Comments are closed on Friday Footnotes<\/a> and the Monday Morning Accounting News Brief<\/a> by default. If you have something to say about any stories linked here you are welcome to email the editor<\/a>, text us<\/a> at 202-505-8885, or hit us up on Twitter @going_concern<\/a>. See ya.<\/em>\n\n\n\n

The Big Story<\/h2>\n\n\n\n

PwC scandal triggers big split risk for consulting giants<\/strong> [Sydney Morning Herald<\/a>]
The global consulting firms that dominate Australia\u2019s corporate and government sector could be forced to operationally separate their audit business to avoid conflicts and open up to greater financial scrutiny under proposals recommended by a parliamentary inquiry triggered by the PwC tax scandal. The report also recommends that these private firms be limited to 400 partners, and that they be prevented from offering both audit and non-audit work \u2013 like consulting services \u2013 to the same client. This would be a big blow for firms such as PwC which, in 2022, received more than $79 million in fees from Macquarie Group alone. \u201cThis report is the legacy of the PwC tax leaks scandal, and the sector-wide misconduct that was uncovered in the aftermath,\u201d Senator Deborah O\u2019Neill, chair of the parliamentary joint committee on corporations and financial services, said after the report was released.<\/p>\n\n\n\n

PwC accused of interfering in Australian tax leaks probe<\/strong> [Financial Times<\/a>]
PwC has been accused of interfering in Australia\u2019s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission. The Australian Senate published documents on Friday that included a letter from Diana Weiss, PwC\u2019s global counsel, sent to PwC Australia last year. She wrote that the local firm needed to comply with a set of remedial actions or face suspension, or expulsion, from the global network.<\/p>\n\n\n\n

Firm Watch<\/h2>\n\n\n\n

National accounting firm quadruples Boca Raton office size<\/strong> [South Florida Business Journal<\/a>]
“As we expand our presence in the South Florida market, the new office allows us to better support our growing client base, which generates more than $15 million in local revenue,” said Russell Goldberg, partner-in-charge of Withum’s Florida regional offices. “The expanded space also lets us bring together a dedicated Withum team who are committed to serving the community and building connections within it.” The new office will employ a team of 15 by the end of the year, with all positions in the Boca office staffed by accounting professionals, Goldberg said. “Our team will continue to grow as we strengthen our South Florida operations,” he added.<\/p>\n\n\n\n

Fruci & Associates embraces flexible schedules as recruiting tool<\/strong> [Spokane Journal of Business<\/a>]
To support a flexible workforce, Fruci & Associates has allowed current and potential employees to set their own hours. Many accountants at Fruci work between 40 and 45 hours per week even during the busy season, which is known to demand upward of 70 to 80 hours from accountants. Others work 50 hours per week and some even as low as 30 hours, MP Kemper Rojas says. \u201cIt made recruiting a lot easier,\u201d Rojas says. \u201cWe\u2019re still getting a lot of recruits who are remote and coming from the big firms who are just burnt out. They don\u2019t even have time to sit for their CPA exam because they\u2019re working so many hours.\u201d<\/p>\n\n\n\n

Experienced technology and digital transformation leader Michael Kempe joins Grant Thornton as CIO<\/strong> [Business Wire<\/a>]
Prior to his new role with Grant Thornton, Kempe spent 12 years at KPMG LLP in various senior technology leadership roles, including regional and international CIO. In these roles, he focused on driving revenue growth and increasing operational efficiencies through large-scale digital transformation programs leveraging innovative Cloud and AI solutions.<\/p>\n\n\n\n

Talent<\/h2>\n\n\n\n

Attn accounting employers: your talent woes are over! Check out this week’s top remote accounting candidates<\/a> from Accountingfly and start filling those empty (virtual) chairs today.<\/em><\/p>\n\n\n\n

\n
Top Remote Accountants of the Week | November 7, 2024<\/a><\/blockquote>