When accounting goes unaccounted for. Tips: 202-505-8885 • editor@goingconcern.com
Joined June 2009
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Apr 30
Tips are the lifeblood of GC, without them it's hard for us to make fun of your firm for doing stupid things. Share those stupid things with the class so we can all laugh.
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Jun 12
"The Pentagon has awarded a nearly $49 million contract for an artificial intelligence platform designed to help agencies prepare for annual financial audits as the department works toward a congressionally mandated clean audit by 2028."
stripes.com/theaters/us/2026…
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Jun 12
Per authorities: "Around 1:58 p.m. an unidentified individual entered Idris and Sons Accounting and Business Taxation in Brooklyn, removed approx. $7,000 in cash from a 64-year-old male victim’s unattended desk, and left."
Who has $7k in their desk??
pix11.com/news/local-news/br…
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Jun 12
8 months after Crowe told its staff to prepare for a private equity deal and the Wall Street Journal article that would follow it, Wall Street Journal announces Crowe sold a majority stake to private equity.
goingconcern.com/crowe-told-…
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Jun 12
ANR: 💥IRS Is Actually Hiring! • FRC: Was Missing An Overstatement Bad Auditing? • Everything is Shrinkflating These Days - mailchi.mp/accountingfly/irs…
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Jun 11
The One Firm Willing to Audit Madison County’s Books Just Said “On Second Thought, Hell Nah”
goingconcern.com/the-one-fir…
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Jun 10
Baker Tilly announced it is acquiring Anchin (IPA Top 100 #50, $151 million in revenue) and will be relocating BT HQ from Chicago to NYC.
"PE will push AI harder than Peter Thiel at a robot sex convention," said one displeased Anchin employee.
goingconcern.com/it-appears-…
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FRC To Determine Whether Missing a £30 Million Overstatement Was, In Fact, Bad Auditing
goingconcern.com/frc-to-dete…
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ANR: Deloitte Salary Numbers Leave Some People Salty • KPMG & NBA Finals • Labor Board Lawyer Cancels Non-Competes With Simple Trick - mailchi.mp/accountingfly/com…
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Hope that accountant billed double for having to deal with this on a weekend
Jun 8
Big glass of cold water thrown in my face.
Found an error in our financial projections late last night. Accountant was offline. Asked Claude to model the impact on revenue, cash, and EBITDA.
It gave me a catastrophic answer. And was so damn confident about it.
I legit spiraled for 2-3 hours, even got @thesamparr involved (stupidly).
Accountant finally called. Claude was completely wrong.
When I showed it the mistake, it apologized and said it would never do that again.
I lost a few years off my life, and needed Sam to talk me off a ledge, both unnecessarily.
Good reminder, even opus 4.8 has a long way to go…
And having a co-founder to balance out your panic attacks is priceless.
Make me feel like less of an idiot and share your ai disaster stories please. 🙏
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Going Concern retweeted
Jun 6
Leave it to accountants to have a conference on a weekend to talk about working smarter, not harder.
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Via @TexasTribune: Texas now requires cities to do an audit before raising property taxes. Some small towns can’t afford it.
texastribune.org/2026/06/04/…
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"KPMG’s UK arm has told staff that they can no longer finish early on Fridays over the summer, in a reversal of a Covid-era policy, according to a spokesperson."
bloomberg.com/news/articles/…
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ANR: SEC’s Top Accountant Never Really Wanted to Be Accountant Either • Dept of War Broke Up with KPMG • Do We Or Don’t We Have an IRS Commissioner? - mailchi.mp/accountingfly/sec…
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Oxford Study Finds Workplace Wellness Programs Do Diddly Squat For Mental Health
goingconcern.com/oxford-stud…
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Going Concern retweeted
Jun 5
One of the saddest yet common things you hear in the accounting industry...
Is about how fellow accountants are burned out, get hospitalized from stresss/working too much, or pass away at their desk.
Every accountant knows someone or has heard of someone who has passed away way too soon in the previous 6 months.
And it mostly comes down to the boundaries we set.
What is it about accountants that makes it so hard for us to say no?
What is it going to take to change?
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There are only SIX Elijah Watt Sells Award winners this year which probably means something but we aren't sure what.
Of the winners, only one works at a Big 4 firm and it's KPMG. Make of that what you will.
#CPAexam
goingconcern.com/everything-…
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Quote of the Day: "It’s great to 'get rid of some of this stupid regulation', says one partner."
ft.com/content/e7d28061-c028…
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So Do We Or Don’t We Have an IRS Commissioner?
goingconcern.com/so-do-we-or…
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