How’s everyone feeling about the SEC proposed rule change to semi annual reporting instead of quarterly? I’d imagine external audit at big 4 is freaking out on big losses of revenue and job cuts? Do we think companies will mostly stick to quarterly? ( looks like the option will be given to remain quarterly)

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Australian publicly listed companies do reporting only every 6 months and their markets seem fine.

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Touche K1.

From an audit perspective there was no requirement for a review prior to 2000 as companies only had to file. You could see who had reviews performed by the inclusion of a review report with the Q. As a fee thing there would be some reduction, but not tons as a lot of the review procedure still supports the audit and the savings would be for the client in the Q prep and for the auditor in reading the Q.

A lot of international sites do H1/H2 reporting. As an investor I prefer quarterly earnings, but I almost imagine businesses would prefer to report twice a year as it would allow them to plan for every 6 months rather than 3.

Will not happen. Big 4 will quietly lobby against it.

I think it’s going to happen. Atkins is appointed by Trump and SEC votes are 3-1 Republican majority now…

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Is it safe to join PWC india at this point of time. Are we expecting any layoffs?

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TBWA NY layoffs today.

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Hello all, I need one advice.
I am working as SAP consultant for 3.6 years in same company now. I am going to make my first switch in one of the big 4 in SAP only.
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Also preparing for Enrolled Agent USA, IRS

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At some Big 4 companies there is a Partner / Principal group that has equity and are part owners of the business and an equivalent Managing Director group that does not have equity and are essentially employees.

How does it work at McKinsey / Bain ? Do those same distinctions exist across partner types, owner vs non owner?

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How is the FDD presence for BDO/GT/RSM FDD in the South/Southwest? How is the workload and compensation compared to the Big 4?
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I made a couple errors at a new job. An important document to be distributed had wrong information on it, which was proofread by 2 other people. Then a couple of typos in emails, the person micromanaging me told me to send out but I didn’t fix the errors. Failed to meet a deadline but completed 95%. I was written up over all this last week, fired this week. There’s a lot more to this but I think it’s because the DM doesn’t like me.

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