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Articles by Greg Kyte
This…is American EIDL Fraud! | Oh My Fraud | Episode 39
Warning: This is a machine-generated transcript. As such, there may be spelling, grammar, and accuracy errors throughout. Thank you for your understanding! Caleb: Once upon a time there was a world when there was no Covid 19. It was a magical era before anyone knew what an N95 mask was or the president told people to drink bleach. Yes, it was a different time indeed. But bad things still happened. Hurricanes and tornadoes, wildfires and floods, blizzards and earthquakes still ravaged the land.
The Worst Fan Club President Ever | The Selena Quintanilla Embezzlement (and Murder) Case | Oh My Fraud | Episode 36
Attention: This is a machine-generated transcript. As such, there may be spelling, grammar, and accuracy errors throughout. Thank you for your understanding! Greg: [00:00:00] March 31st, 1995, Corpus Christi, Texas police surround a red pickup in a Days Inn parking lot. Yolanda Saldivar sits inside, hysterical and holding a 38 caliber revolver to her head. 9.5 hours later, she's taken into custody for the murder of a woman she describes as her best friend.
Dishonest, Remarkably Stupid Conduct | Oh My Fraud | Episode 29
Speaker1: [00:00:00] On June 28th, 2022, the Securities and Exchange Commission, we know it as the SEC. They issued a press release that announced that Ernst and Young's US firm had to pay $100 million fine because its employees were cheating on their ethics exams. And Ernst and Young was also, like, misleading. They were Ernst.
Exposure Drafts: It's Busy Season, But Don't Be Too Busy For Money
Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies.
It's Official: 120 Units is All You Need to Sit For the CPA Exam in Illinois
Ed. note: I couldn’t find a good image to go with this post so I’m using this dog. Dogs are always good. According to the AICPA, a traditional four-year undergraduate program is not adequate for obtaining the requisite knowledge and skills to become a CPA.
KPMG Still Rocks at Having the Worst PCAOB Inspection Report Among the Big 4
The last of the 2021 Big 4 PCAOB inspection reports belongs to KPMG, which has had the highest audit deficiency rate of the four firms for six out of the previous seven years—the lone exception being 2019. Make that seven out of the last eight: So that’s an error rate of 26%, which is behind EY’s 21.4%, Deloitte’s 13%, and PwC’s 3.6%. The good news for KPMG is its deficient rate for 2021 was slightly better than the one in its 2020 auditing report card—26% vs. 26.4%.
Exposure Drafts: Happy Same As Last Year!
Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies.
Apparently Staff at Deloitte UK Did Not Warm Up to the Firm's Money-Saving Cold Office Policy
In what was a particularly dry day for news seeing as it was the first Monday of a new year and nothing ever happens in accounting anyway, yesterday’s Monday accounting news brief included a story ripped from BBC about Deloitte lowering the temps at its UK offices as policy. I shall endeavor to copy and paste that blurb again now. 16C is 60 degrees F btw.
The PCAOB Thinks It Deserves a 12.6% Raise
These days everyone wants a raise that is at least as high as the rate of inflation, which is currently 7.75%. The PCAOB does too. The $349.5 million is $39.2 million more, or a 12.6% increase, than its fiscal 2022 budget of $310.2 million. PCAOB Chair Erica Williams said this about the budget: The PCAOB still needs to convince its bosses at the SEC that it’s deserving of a 12.6% raise in 2023.
Maybe 2023 Will Be the Year You Get That Big Promotion
If 2023 is anything like 2022, the odds are stacked in your favor if you work in public accounting, according to a recent LinkedIn analysis. Professional services was among the five industries that doled out the most promotions this year: And at the top seven largest public accounting firms in the U.S., that big promotion came with a sizable pay bump in 2022.
Exposure Drafts: A Very Taxing Thanksgiving
Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies.
Fraud Bytes | Oh My Fraud | Episode 21
What is Oh My Fraud? "Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist?
"The Fraud Speaks for Itself”: Revisiting Rita Crundwell and Dixon, Illinois with Kelly Richmond Pope | Oh My Fraud | Episode 20
What is Oh My Fraud? "Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist?
Blow the Whistle with Jason Zuckerman and Matt Stock | Oh My Fraud | Episode 18
"We go after bad guys, and once in a while our clients get paid" - In this episode Caleb and Greg talk to Matt Stock and Jason Zuckerman from Zuckerman Law. Hear all about whistleblowers and the lawyers that represent them.
There’s No Fraud like Show Business Fraud | Oh My Fraud | Episode 17
What is Oh My Fraud? "Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist?
"The Fraud Came First” Remembering Crazy Eddie with Gary Weiss | Oh My Fraud | Episode 16
What is Oh My Fraud? "Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist?
Un-Payday | Oh My Fraud | Episode 15
Thank you to our sponsor, Dark Horse CPAs. Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love.
Double, Double OIL and Trouble | Oh My Fraud | Episode 14
Thank you to our sponsor, Dark Horse CPAs. Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love.
A Plethora of Pandemic PPP Fraud | Oh My Fraud | Episode 13
What is Oh My Fraud? "Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist?
Rooting Out Emperor Palpatine with Professor Daniel J. Taylor | Oh My Fraud | Episode 12
Professor Daniel J. Taylor is an accounting professor at The Wharton School of the University of Pennsylvania. Just don’t ask him about debits and credits. Professor Taylor is one of the most prolific and renowned researchers on fraud today. Caleb and Greg talk with Professor Taylor about how he chose fraud as a research focus, why the SEC is good at catching Dr. Evil, and why privatizing the enforcement of securities law could be the wave of the future.
A Priest, Rabbi, and a Nun walk into a Fraud | Oh My Fraud | Episode 11
What is Oh My Fraud? "Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist?
The Audit Profession’s Inability to Retain Talent Poses a Serious Threat to Audit Quality
The opportunity in front of the PCAOB In December 2019, the PCAOB published a concept release titled “Potential Approach to Revisions to PCAOB Quality Control Standards.” That release proposes requirements for audit firms to identify metrics to monitor the conduct of audits in real time for situations warranting corrective action.
Exposure Drafts: How to Both Comply with the AICPA Code of Professional Conduct and Celebrate Father's Day
Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies.
Aloha Fraud | Oh My Fraud | Episode 9
What is Oh My Fraud? "Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist. The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist?
Severely Disorganized Crime | Oh My Fraud | Episode 8
[00:00:00] Earn free CPE Blake: If you'd like to earn CPE credit for listening to this episode, visit earmarkcpe.com, download the app, take a short quiz, and get your CPE certificate. Continuing education has never been so easy. And now, onto the episode. [00:00:24] Introduction and Caleb's old work story Greg: Hey, everybody. Welcome to another episode of Oh My Fraud. We got a true crime podcast, but our bad guys fill duffel bags with cash, instead of filling them with severed heads.
The Golden Age Of Fraud : An Interview with Francine McKenna | Oh My Fraud | Episode 7
If you’ve spent any time in the last 15 years employed by a Big 4 audit firm, you’ve almost certainly read Francine McKenna’s writing. Enjoy this freewheeling episode of Oh My Fraud, where Caleb and Greg talk to Francine about many topics, including auditing in a pandemic, Big 4 impunity, and why we’re in the golden age of fraud.
If This Is How Grant Thornton Recruiters Talk No Wonder They Can't Find People to Work For Them
Today’s Grant Thornton roasting comes not from the PCAOB (like usual) but from r/accounting, also known as the magic genie from whence a wealth of content is born. We didn’t have time to create a fake resume, apply to one of the many, many open positions at GT, and hope we get the same recruiter to verify its legitimacy, but if any firm is going to talk like this, GT would be it.
Vault 50: Deloitte Consulting Still Has the Prestige Factor Going For Them (2022)
Yesterday we recapped the 2022 Vault ranking of the best consulting firms to work for and the lack of a Big 4 presence in the top 10, including Deloitte Consulting, which went from fourth in 2020 (highest among the Big 4 consulting practices) to 11th in 2022.
Vault 50: Only One Big 4 Firm's Consulting Arm Made the Top 10 (2022)
[Editor’s note: George Carlin once said, “The artist is never satisfied.” Who knew he was talking about Greg Kyte? Caleb posted a cartoon of Greg’s, “Exposure Drafts: The Devil Made Me Deduct It,” on Aug. 23, 2017, but Greg was never satisfied with how it turned out. So he took another crack at it. Now […]
Exposure Drafts: The Devil Made Me Deduct It (NEW VERSION)
A relationship we thought would never end came to an end today. At least we won’t feel the need to write “Happy Birthday, Phil Mickelson” posts anymore. KPMG has had Mickelson’s back even when he was accused of being involved in an insider trading scheme, complained about having rich man tax problems, and fell short […]
With Great Check Writing Power Comes Great Responsibility | Oh My Fraud | Episode 4
February 23, 2022 by Greg Kyte & Caleb Newquist Visit Website Listen On Apple Podcasts Listen On Google Podcasts Listen On Spotify Subscribe RSS Feed Episode Details Would you tell your significant other if you were stealing money? What excuse would you use for all your extra cash? The one Nathan Mueller came up with directly led to him getting caught. Hear how Nathan's $8 million check-fraud scheme came crashing down from his wife’s loose lips.
Don't Look a Fraud Horse in the Mouth | Oh My Fraud | Episode 3
February 8, 2022 by Greg Kyte & Caleb Newquist Visit Website Listen On Apple Podcasts Listen On Google Podcasts Listen On Spotify Subscribe RSS Feed Episode Details Dixon, Illinois is a small town with a population of 15,000 people. Hear how one woman, Rita Crundwell, managed to pull off the largest municipal fraud in history - by stealing over $53 million dollars before anyone noticed it was gone! Show Notes A WORD FROM OUR SPONSOR Thank you to our sponsor, Avalara.
What Would You Do If Your Firm Fired You Early In the Pandemic Then Begged You to Come Back Two Years Later?
Remember that immature jackass you dated in your youth who treated you like trash at every turn, and then when they finally got around to ending things, they did so in some spectacularly terrible way like banging your best friend or “accidentally” posting your private home movies on various XXX dot coms?
So to Recap, Partners At the Largest Accounting Firms In the UK Are Swimming In Money
Listen to Oh My Fraud, a new podcast by Caleb Newquist and Greg Kyte, and get free CPE through Earmark. Latest Accounting Jobs–Apply Now: Director of Finance Fort Walton Beach, Florida Posted 2 weeks ago Controller – CPA – Multi-Client Stamford, Connecticut Posted 2 weeks ago Senior Controller, CPA (Outsourced Accounting) Stamford, Connecticut Posted 2 weeks ago […]
Exposure Drafts: The ACFE Implies That You Should Include Jail Time On Your Resume
As people continue to leave the largest public accounting firms, including Deloitte, in droves because they feel undervalued and underpaid, the people who run the Life at Deloitte Twitter account must have their heads in the sand by asking this question the other day: What's YOUR favorite way of being thanked at work and at […]
Printer Toner Pirate King | Oh My Fraud | Episode 1
January 11, 2022 by Greg Kyte & Caleb Newquist Visit Website Listen On Apple Podcasts Listen On Google Podcasts Listen On Spotify Subscribe RSS Feed Episode Details Join Caleb and Greg as they dig into a scam involving one of the most valuable (and loathed) commodities on Earth — printer toner. Gilbert N. Michaels, AKA "the California Toner Pirate Godfather," defrauded thousands of small businesses and charities over decades by overcharging them for toner they didn't need.
Poaching News Roundup: 10.13.21
A recap of recent non-Big 4-on-Big 4 poaching news throughout the accounting profession. BDO Stefan Beyers joined BDO UK’s financial services team as an audit partner. He has a boatload of experience in audit and advisory engagements for banking and capital markets clients. He previously worked at PwC for 19 years, most recently as a partner in banking and capital markets based in South Africa. [BDO/LinkedIn] Cherry Cromarty joined BDO UK as a partner in the risk advisory services team.
2022 Projected Public Accounting Salaries In Eight LCOL Cities
The last in our mini series of articles based on the Robert Half 2022 Accounting & Finance Salary Guide looks at public accounting starting salaries in eight low cost of living cities that have a Big 4 presence and a national accounting firm presence (i.e., RSM US, BDO USA, Grant Thornton). Most of these cities are often mentioned in discussions on Reddit and Fishbowl about the best LCOL cities for accountants—and where they can get the most bang for their buck.
Exposure Drafts: Artificial Intelligence Will Destroy the Accounting Profession
The last in our mini series of articles based on the Robert Half 2022 Accounting & Finance Salary Guide looks at public accounting starting salaries in eight low cost of living cities that have a Big 4 presence and a national accounting firm presence (i.e., RSM US, BDO USA, Grant Thornton). Most of these cities […]
Art Archives
Schapiro Aide Said to Be Leaving SEC for PwC Accounting Firm [Bloomberg] Kayla J. Gillan, a senior adviser to U.S. Securities and Exchange Commission Chairman Mary Schapiro, is resigning to take a job at PricewaterhouseCoopers LLP, according to people familiar with the matter. Gillan will be a principal in a new group at the firm focusing on regulations affecting auditing firms, according to one of the people, who spoke on condition of anonymity because the move hasn’t been announced.
EY Poaches Someone From KPMG and Issues a Press Release, Part III
Exposure Drafts holiday cards are now available for purchase through Rubook Creative. Latest Accounting Jobs–Apply Now: State and Local Tax Attorney seattle, WA Posted 20 hours ago Mid-level Federal Tax Associate Attorney seattle, WA Posted 20 hours ago 2023 Tax Winter Intern – Baltimore, MD Baltimore, MD Posted 20 hours ago Load more listings
Promotion Watch ’21: Deloitte Admits 169 New Partners and Principals In the U.S.
Exposure Drafts holiday cards are now available for purchase through Rubook Creative. Latest Accounting Jobs–Apply Now: Financial Analyst, Senior – Debt/Leasing Milwaukee, WI Posted 17 hours ago Tax Specialist Longmeadow, MA Posted 17 hours ago Tax Specialist Ludlow, MA Posted 17 hours ago Load more listings
Exposure Drafts: How Even Miracles Can Ruin An Accountant's Day
Finally we have some Big 4-on-Big 4 poaching action here in the good ol’ US of A to write about, even though it involves a lateral move. After an 11-year stay at the House of Mickelson as a principal, Mitch Kenfield has joined EY’s Consulting practice in the same role. He announced his recent departure […]
Even a Marvel Superhero Knows How Horrible Working at a Big 4 Firm Can Be
Exposure Drafts holiday cards are now available for purchase through Rubook Creative. Latest Accounting Jobs–Apply Now: Sales & Use Tax Managing Director, STS SALT San Francisco, CA Posted 12 hours ago TAX ACCOUNTANT- CPA FIRM New York, NY Posted 12 hours ago Accounts Receivable & Sales Tax Accountant FREMONT, CA Posted 12 hours ago Load […]
Here's What We Know Right Now About the New COVID Vax Requirements at KPMG US
It was only a matter of time before another Big 4 firm would follow Deloitte’s lead in requiring COVID-19 vaccines for employees to enter its facilities. But I gotta admit, I wasn’t expecting that firm to be KPMG. (PwC, to be honest.) Here’s what was posted Tuesday morning on Fishbowl: I texted a source at KPMG this morning who confirmed what was posted on Fishbowl and added: The requirements are for offices and client sites unless client sites have stricter requirements.
KPMG Poaches Someone From Deloitte and Issues a Press Release, Part III
Exposure Drafts holiday cards are now available for purchase through Rubook Creative. Latest Accounting Jobs–Apply Now: Associate Tax July 2022 | Chicago Chicago, IL Posted 11 hours ago Employment Tax Analyst Chicago, IL Posted 11 hours ago Income Tax Manager – Corporate Finance & Accounting (Kansas City) Kansas City, MO Posted 11 hours ago Load […]
Exposure Drafts: According to Circular 230 You Do Not Have to Disclose When You Outsource Tax Work to Your Cat
A number of Black CPAs have risen to the leadership level at several state CPA societies, either as board chairs or chief staff officers. Diversity, equity, and inclusion (DEI) is also at the top of many state societies’ agendas. Here’s a look at just a few of the many people in state CPA societies helping […]
IRS Archives - Going Concern
Here they are, in the event you actually resume traveling to client sites next year: Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 cents per mile driven for business use, down 1.5 cents from the rate for 2020, 16 […] The woman in the photo above is Nina Olson. She is the National Taxpayer Advocate. Olson has been the National Taxpayer Advocate since March 2001. But she will retire on July 31, 2019.
For Employers Archives - Going Concern
In this still-new world of virtual work for office drones everywhere, it’s inevitable that some people find the adjustment to work-from-home harder than others. For some people, their issues revolved around muddy work schedules and a crumbling routine. For others, however, work-from-home exposed one basic fact that has probably been known for quite some time […] You already know by now the remote revolution is upon us.
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