\n<\/p>\n
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you\u2019re here, subscribe to our newsletter<\/a> to get the week\u2019s top stories in your inbox every Tuesday and Friday.<\/em><\/p>\n 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><\/p>\n Aprio to acquire RSM US LLP\u2019s Professional Services+ Practice<\/strong> [Aprio<\/a>] Andersen Global partners MMCA & Associates<\/strong> [International Accounting Bulletin<\/a>] Missed red flag: Accounting firm\u2019s bill for audit help was way over budget<\/strong> [Vero News<\/a>] We interrupt this Friday Footnotes to give you Accountingfly\u2019s top remote accounting candidates of the week<\/a>. These are handpicked accounting, tax, and audit professionals for hire ready to hit the ground running at your firm. If these don\u2019t tickle your fancy you can sign up for Always-On Recruiting<\/a> to get a fresh batch in your inbox every week. It\u2019s free!<\/p>\n AI agents: Transforming the tax experience<\/strong> [PwC<\/a>] Do IRS cuts mean you can make mistakes on your taxes in 2025? Some taxpayers think so.<\/strong> [USA Today<\/a>] Related:<\/p>\n Romania\u2019s accounting industry surpasses \u20ac1 billion<\/strong> [Business Review<\/a>] Just a few years into joining the world of work, 4 in 10 Gen Zers are ready to quit and survive on unemployment benefits instead<\/strong> [Fortune<\/a>] PwC delays payouts for departing partners in Hong Kong and China<\/strong> [Financial Times<\/a>] EY merges regions and announces new leaders in restructure, shows leaked memo<\/strong> [Financial News<\/a>] Earlier:<\/p>\n Trump\u2019s SEC nominee faces scrutiny on potential conflicts of interest<\/strong> [CFO Dive<\/a>]Firm Watch<\/h2>\n
Aprio and RSM US LLP, have entered into an agreement for Aprio to acquire RSM\u2019s Professional Services+ (\u201cPS+\u201d) practice operating in the U.S. and Canada. The transaction is expected to close on April 30, 2025, pending satisfaction of customary conditions. Effective May 1, 2025, the PS+ practice will operate as part of Aprio. Dean Sengstock, current leader of the PS+ practice, will continue to serve as the leader of the practice and will join Aprio as a partner along with four other partners and more than 30 team members.<\/p>\n
Andersen Global has broadened its presence in Canada through a collaboration agreement with MMCA & Associates, a full-service accounting firm. MMCA & Associates is headquartered in Calgary, with offices in Edmonton and Banff.<\/p>\nClients Are the Worst<\/h2>\n
What, exactly, were the 26 City of Vero Beach Finance Department employees doing while state deadlines to file the city\u2019s 2022-23 audit flew by, causing a loss of state revenue, the holding back of pension funds and leaving more than $32 million in grants in limbo? There has, to this point, been no explanation for why the audit \u2013 previously completed and filed annually with no apparent problem \u2013 was not completed on time a year ago, and still has not been finished. But one thing that now seems apparent is that national accounting firm Cherry Bekaert \u2013 which has long helped Vero Beach produce this audit each year \u2013 was not missing in action this past year when the audit was not filed.<\/p>\nTalent<\/h2>\n
Tax<\/h2>\n
Our hybrid AI-human tax teams, for example, will be able to produce K1s in a day, something that used to take nearly two weeks.<\/p>\n
In a March survey by Intuit Credit Karma, roughly one-quarter of taxpayers said they are less worried about errors on their returns this year because of the IRS cuts. Nearly half of those surveyed said they lack confidence in the agency\u2019s ability to enforce compliance with the tax laws. A few taxpayers said they were considering not filing taxes at all. Among those citizens who have already filed tax returns and expect a refund, the survey found, nearly half worry the check will arrive late. The survey reached 1,003 Americans.<\/p>\nInternational<\/h2>\n
Romania\u2019s accounting services industry exceeded the \u20ac1 billion threshold in 2023, marking an annual growth of 17%.<\/p>\nWe Give Up Too<\/h2>\n
After dipping their toes into the working world and spending a handful of years on the job, many Gen Zers are ready to ditch\u00a0climbing the ladder in favor of staying home and living off unemployment benefits. At least, that\u2019s according to a new PwC\u00a0report<\/a>. The Big Four accountancy firm\u2019s latest study warns that almost four in 10 young workers are considering exactly that, adding that 18 to 24 year olds are in danger of permanently drifting out of the jobs market. In comparison, just 10% of the general working population are actively planning on quitting their jobs for good.<\/p>\nBig 4<\/h2>\n
PwC has delayed payouts to recently retired partners in Hong Kong and mainland China as it navigates the financial fallout from its role auditing failed Chinese property developer Evergrande. Several equity partners who retired in recent months have yet to be repaid any of the capital they contributed when they joined the partnership, said four people with knowledge of the matter.<\/p>\n
EY has created 10 geographical \u201csuper regions\u201d worldwide and chosen senior staff to lead the new groupings. EY has now told partners what the 10 so-called super regions consist of and who they will be led by, according to a memo seen by FN.<\/p>\nSEC<\/h2>\n
Sen. Elizabeth Warren, D-Mass., while questioning Atkins, noted that as SEC chair he \u201cwill be in a prime spot to deliver for all those clients who have been paying you millions of dollars for years.\u201d She referred to Patomak Global Partners, a consulting firm founded by Atkins that has served financial institutions including digital-asset firms. Decrying \u201cbreathtaking\u201d potential conflicts, Warren called on Atkins to \u201ccommit to a higher standard of government ethics.\u201d<\/p>\n