Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

We specifically added the non-client-facing bit in the headline soz not to scare everyone. It’s rough enough out there on the front lines as it is, we don’t need to clickbait you with extra scary headlines. Some bad news from BI, Deloitte is cutting benefits for non-client-facing staff. Gee these belts are getting a bit too tight these days. Deloitte plans to pare back several core benefits for some of its employees, according to internal documents and a meeting recording seen by Business Insider.

We can’t come up with a better explanation for their Tax Quotes page. Treasury regulations forbid the IRS from implying that inclusion of a quote here means they are at all endorsing tax revolt and/or humor in any form. “Taxes are what we pay for civilized society.” — Oliver Wendell Holmes, Jr., U.S. Supreme Court Justice “I am proud to be paying taxes in the United States.

We understand that complying with financial reporting in the U.S. can be difficult, so don’t get too worried about it. But we do ask that you keep the workpaper hostage taking to a minimum. China is looking into accounting issues involving Chinese companies listed in North America, an official at the country’s securities regulator said in the watchdog’s first public remarks since a series of accounting scandals.

Over in Ireland there’s a case before the Workplace Relations Commission (WRC) right now that may be of interest to our readers, our readers being people who are all too familiar with stressful and oftentimes toxic Big 4 work environments.

Fortune has released its Best Companies to Work For list for 2026 and we just realized we didn’t cover it at all last year. Shrug, it’s all just marketing anyway. But we did cover it the year before and just like in 2024, it’s the humble not-so-little Southfield, Michigan favorite Plante Moran who’s got bragging rights as the highest ranked accounting firm on the list.

EU Forges Greek Bond Deal [WSJ] European leaders said they secured a deal to reduce Greece’s debt after they labored overnight and into Thursday morning to find agreement on what they had billed as a blockbuster package to stem the Continent’s debt crisis. French President Nicolas Sarkozy said after the marathon negotiating session that the leaders had reached agreement with private banks on a “voluntary” 50% reduction of Greece’s debt in the hands of private investors.

**Please note this is not an April Fools’ story, we are not planning any fake news today** Although there are no Information Technology positions currently listed on the IRS jobs website, Federal News Network is reporting that the nation’s tax collector plans to bring in some permanent tech employees. Soon. The IRS tech shop is back in hiring mode, after losing more than 40% of its workforce under the Trump administration.

They really, really, really don’t appreciate it when you blow off their recommendations.

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.