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Why No One’s Going Into Accounting
Listen to article (2 minutes) An accounting career, once a launchpad into the upper middle class for hundreds of thousands of Americans, is no longer
For Once, Rookie Consultants Don't Have Much to Do
With few clients, some young workaholics are spending their workdays watching Netflix. They’re still getting paid. Source link
New Definition of 'Fraud' Wipes Out High-Profile Prosecutions
Fraud doesn’t mean what it used to—and several high-profile federal prosecutions are falling apart as courts apply the Supreme Court’s more-narrow legal definition. Source link
The Horrible Performance Review That Set Him on the Road to CEO
John Peyton led Dine Brands, the owner of Applebee’s and IHOP, through the pandemic as a rookie chief executive. But first, he had to get
The Rise and Fall of the Chief Diversity Officer
“Everything is a battle.” Diversity executives hit the exits as company priorities shift. Source link
Big Four Accounting Firms Pare Their Consultant Ranks in Postpandemic Reversal
Professional-services giants are facing the consequences of aggressive hiring over the past two years, coupled with less attrition than they expected. Source link
Clear Street enters futures market via acquisition of React Consulting Services
Clear Street, a New York-based independent prime broker, today announced that it intends to enter the futures clearing market with the acquisition of React Consulting
KPMG Plans $2 Billion Investment in AI, Cloud Services
An expanded partnership with Microsoft is expected to bring in $12 billion in revenue for KPMG over five years, the Big Four accounting firm said.
The Accountant Shortage Is Showing Up in Financial Statements
Advance Auto Parts and others have cited a lack of skilled accounting personnel for material weaknesses in their financial-reporting controls, a key predictor of restatements.
McKinsey, Bain Delay Some M.B.A. Start Dates to 2024
Management Managing Your Career Top consulting firms say job offers are secure, but start dates are getting pushed back; EY cuts 3,000 workers in the