In today's podcast, learn about some key partnerships that Deloitte entered in 2017. Some of these partnerships include.
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Today I wanted to cover the life cycle of a project at the big 4 by going over a real life scenario at the big 4. I wanted to cover what happened with Deloitte winning the Chipotle app project and how they executed on it.
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In today's podcast we go over PwC's new controls for the 90th academy awards.
PwC has implemented new controls after their screw up at the 89th Oscars. Tim Ryan, PwC Chairman, stated that their are new controls at this year's Academy Awards to prevent a mix up. The partners will double check before a celebrity goes on stage. There will also be a 3rd partner who memorizes all the winners in case something goes wrong.
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In today's podcast we discuss the biggest developments that Deloitte made in 2017 with regard to blockchain. Some of the Deloitte blockchain news that we cover includes.
Deloitte's opening of a blockchain lab in New York City. This location will be the premier blockchain center for Deloitte Americas.
Deloitte also opened up another blockchain location in Dublin Ireland.
In both of these locations Deloitte will be developing blockchain solutions for financial service clients.
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In today's podcast we'll be covering key acquisition for Deloitte from 2017.
Some key acquisitions that Deloitte made in 2017 include:
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In today's podcast we will be covering some of Deloitte's biggest scandals of the past year.
Those scandals include
Deloitte Cyber Attack
Deloitte Korea Ban
Deloitte PCAOB Sanction in Brazil
Mitie Group Audit
Rhode Island UHIP Project
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PwC is facing a 2 year ban in India. During this ban they will not be able to audit any Indian listed company. This ban was handed out by the Indian Securities and Exchange Board. The ban will go into effect on March 31, 2018.
This ban relates to PwC's audit of Satyam. Satyam collapsed in 2009 due to faulty accounting practices. PwC will also have to pay $2 million in fines.
Over 2,000 of PwC's audit employees might be impacted by the fine. 40% of PwC's business in India relates to auditing.
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The AICPA announced that they will be updating the 2018 CPA exam for new technology. The new technology will take effect on April 1, 2018. Candidates will have access to 23 HD monitors and Microsoft excel when they take the test.
The AICPA also announced that there are new test simulations available. The link to those exams are at
http://exams.aicpa.org/cpaexam/start.html
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The AICPA also announced that the Uniform CPA examination will be updated for U.S. tax reform sometime in 2018.
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What did we learn from analyzing
Which firm pays the most out of the big 4 accounting firms. We analyzed salaries at each of the accounting firms and determined which big 4 accounting firm pays the most. Listen to learn more
To listen to our prior shows on big 4 compensation click the following links
http://big4accountingfirms.libsyn.com/kpmg-salary-big-4-compensation-series
http://big4accountingfirms.libsyn.com/ernst-and-young-salary-big-4-compensation-series
http://big4accountingfirms.libsyn.com/deloitte-salary-big-4-compensation-series
http://big4accountingfirms.libsyn.com/pwc-salary-big-4-accounting-
http://big4accountingfirms.libsyn.com/best-paying-cities-and-states-for-accountants
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What can you expect from an KPMG salary? In today's podcast we cover what you can expect to earn at KPMG by covering the largest cities in America. What can you expect to earn at KPMG New York, KPMG Los Angeles, KPMG Chicago, KPMG Houston and KPMG Phoenix.
We then study what the average senior associate and manager at KPMG makes in each of those cities.
We cover what a KPMG manager salary and KPMG senior associate salary is by practice: audit, tax and advisory
Visit the following link to hear our other compensation series podcasts
http://big4accountingfirms.libsyn.com/ernst-and-young-salary-big-4-compensation-series
http://big4accountingfirms.libsyn.com/deloitte-salary-big-4-compensation-series
http://big4accountingfirms.libsyn.com/pwc-salary-big-4-accounting-compensation-series
http://big4accountingfirms.libsyn.com/best-paying-cities-and-states-for-accountants
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What can you expect from an Ernst and Young salary? In today's podcast we cover what you can expect to earn at Ernst & Young by covering the largest cities in America. What can you expect to earn at Ernst and Young New York, EY Los Angeles, EY Chicago, EY Houston and EY Phoenix.
We then study what the average senior associate and manager at EY makes in each of those cities.
We cover what a E&Y manager salary and EY senior associate salary is by practice: audit, tax and advisory
Visit the following link to hear our other compensation series podcasts
http://big4accountingfirms.libsyn.com/deloitte-salary-big-4-compensation-series
http://big4accountingfirms.libsyn.com/pwc-salary-big-4-accounting-compensation-series
http://big4accountingfirms.libsyn.com/best-paying-cities-and-states-for-accountants
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What can you expect to earn at Deloitte from a salary perspective? In today's podcast we cover what you can expect to earn at Deloitte by covering the largest cities in America. What can you expect to earn at Deloitte New York, Deloitte Los Angeles, Deloitte Chicago, Deloitte Houston and Deloitte Phoenix.
We then study what the average senior associate and manager at Deloitte makes in each of those cities.
We cover what a Deloitte manager salary and Deloitte senior associate salary is by practice: audit, tax and advisory
Visit the following link to hear our other compensation series podcasts
http://big4accountingfirms.libsyn.com/pwc-salary-big-4-accounting-compensation-series
http://big4accountingfirms.libsyn.com/best-paying-cities-and-states-for-accountants
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What can you expect to earn at PwC from a salary perspective? In today's podcast we cover what you can expect to earn at PwC by covering the top paying cities in America for accountants.
We then study what the average senior associate and manager at PwC makes in each of those cities.
We cover what a PwC manager salary and PwC senior associate salary is by practie: audit, tax and advisory
Visit the following link to hear our other compensation series podcast
http://big4accountingfirms.libsyn.com/best-paying-cities-and-states-for-accountants
To take our interview course, visit the following link:
https://big-4-accounting-firms.teachable.com/p/big-4-interview
To leave us a review on itunes and to subscribe to our podcast on itunes make sure to visit the following link.
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In today's podcast we are going to analyze where the best place for accountants to work in the United States is. We are basing this ranking off of salaries for accountants.
This will be part of a series of podcasts that we do on compensation of accountants, cpas and big 4 professionals so make sure to subscribe to this podcast and keep listening.
Most of this information is based off of data from the bureau of labor statistics.
Best paying state for accountants:
The annual mean wage for accountants in California is $82,620
The annual mean wage for accountants is $80,490 in texas.
The annual mean wage of all accountants in New York is $93,280
The average wage of accountants in Florida is $69,090.
The average wage for accountants in Pennsylvania is $73,500.
The best paying cities for accountants are as follows
First up is the San Jose Region. The average annual wage of accountants in San Jose is $101,070 per year.
Next up is the New York city area with the average annual wage being $98,480.
The next highest paying large city is Washington DC with an average annual wage of $91,100.
The next highest paying large city is houston with the average annual wage being $89,900.
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Tax services will be one of the biggest services that the big 4 accounting firms will be offering in 2018. Why is this? This is because U.S. Tax reform was singed into law on December 22, 2017. The big 4 firms, PwC, Deloitte, KPMG and EY will have to help their clients understand the impact of tax reform. They will also have to help with tax planning related to Republican Tax Reform.
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PwC will face 100's of millions of dollars in damages after being found negligent in their case with the FDIC. The FDIC alleges that PwC did not perform basic audit procedures that would have detected the fraud at Colonial Bank and Taylor Bean.
The federal judge concluded that PwC was negligent and is now set to determine the penalties that PwC will face.
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https://big4accountingfirms.com/the-blog/pwc-found-negligent-audit-colonial-bank/
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In today's podcast episode we summarize the 2017 financial numbers of the big 4 accounting firms.
Deloitte earned $38.8 billion in 2017
PwC earned $37.7 billion in 2017
EY earned $31.4 billion in 2017
KPMG earned $26.4 billion in 2017
Check out more details about the big 4 revenues on our linkedin page:
https://www.linkedin.com/pulse/big-4-accounting-firms-revenue-2017-christian-wolfe
https://big-4-accounting-firms.teachable.com/p/big-4-interview
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