Hints and tips:
...Chicago-based Grant Thornton is the seventh largest accounting firm in the US after the Big Four, RSM and BDO, with $2.4bn in revenue in its past financial year, which ran to July 2023....
...Tilly US an enterprise value of more than $2bn and capital to fund what its chief executive Jeff Ferro called an “extremely aggressive” acquisition strategy, signalling the firm’s ambition to challenge RSM...
...Becker cited RSM’s own history as a reason for not wanting to follow suit. For 12 years until 2011, the firm — then known as RSM McGladrey — was part of the publicly listed tax preparer H&R Block....
...KPMG, which acted as Quindell’s auditor, is under review by the accounting watchdog, along with RSM Tenon, its predecessor as auditor....
...Deloitte signed off the company’s 2011 accounts, RSM Tenon (later known as Baker Tilly) was appointed as auditor in 2012, and KPMG took over in October 2013....
...(Bloomberg) A regulatory investigation has been launched into the accounting errors discovered at RSM Tenon, the auditor and consultant, earlier this year....
...The biggest need reported in the RSM McGladrey survey was for sales staff: 49 per cent of respondents said they were looking for new salespeople....
...We have no choice, but to see these kinds of arrangements,” said Scott Peltz, managing director at restructuring consultancy RSM McGladrey....
...“It is bankruptcy remote, not bankruptcy immune,” said Scott Peltz, managing director in restructuring at RSM McGladrey, the consultancy....
...“It is going to take years to unravel the web that has been spun,” said Scott Peltz, managing director at RSM McGladrey....
...The report by RSM McGladrey, the consultancy, suggests the outlook for the US economy may be even gloomier than expected....
...“There is no doubt there could be disagreement on what the fair value for these securities is,” said Lawrence Levine, director at RSM McGladrey....
...“We do have managements coming to us and asking the questions: they are reading about it in the press and asking about the impact and how do they get there,” says Robert Dohrer, a partner at RSM McGladrey...
...A survey of small and medium-sized US manufacturers – co-sponsored by the National Association of Manufacturers and RSM McGladrey, the consultants – found that about 30 per cent reported no sales outside...
...Jarvis fell 4.8 per cent to 7.5p after the engineering group’s auditors, RSM Robson Rhodes, said there was ”fundamental uncertainty” about whether the company could continue “as a going concern”....
International Edition