EBP audit season is 6 weeks away. Firms that measured their reconciliation time last year are already panicking. Quick tip: benchmark your capacity now β https://t.co/kY3W8b7fPJ
Happy National Accounting Day!
To all the CPAs and auditors working late nights and catching the errors.
Itβs quiet, behind-the-scenes work, but the economy literally runs on your judgment. Hope you get to log off early today
KPMG exits U.S. federal audit practice after losing Pentagon contract + cuts 4% of advisory staff (~400 roles).
Big 4 "rightsizing" continues while audits grow more complex.
The future isn't more headcount, it's smarter AI.
#Audit#Accounting#AI#Big4
AICPA EBP Conference starts Monday in Kissimmee.
Biggest gathering of EBP auditors all year.
Weβll be there showing what real agentic audit automation looks like.
Stay tuned!
#audit#cpa#accounting#erisa#ebpaudit#florida
The accounting talent pipeline isn't broken, it's just slow. But here's the thing: AI isn't waiting. While firms recruit for tomorrow, tools like Tieout are already handling the grunt work of EBP audits today, so your best people can do the work that actually matters. #EBPAudit
PCAOB just surveyed 250+ audit committee chairs and AI is officially on the agenda. Chairs want to understand AI's impact on financial reporting before they trust it.
That's not resistance. That's exactly the right question to be asking.
At Tieout, we aim for trust
#EBPAudit#AI
Deloitte gave clean audits to a fund with ZERO monthly losses for 4 years without independently verifying the assets.
Now $600M is missing and 500+ investors are in bankruptcy court.
An audit isn't a formality. It's the last line of defense.
#CPA#investing#audit#ebpaudit
KPMG just cut 10% of its US audit partners ~100 people, after layoffs in Oct '25 and the UK last month.
Their own words: "align our team to the power of our audit platform."
The Big 4 is betting on fewer people + better tech. The audit industry is changing fast.
#CPA#Audit#NYC
PwC just paid $166M to settle the Evergrande audit probe. The watchdog's verdict? They ignored red flags, allowed unsupported adjustments, and failed basic professional skepticism.
Auditors are human. Blind spots are real. That's exactly why AI-assisted audit tools exist.
#Audit
Claude just helped me map an entire audit workflow in 12 minutes. The gap between
AI-native teams and everyone else is growing daily.
#TechInAccounting#CPA#Audit#EBPAudit#AI
Hong Kong just closed the auditor shopping loophole. Shareholder approval now required to swap auditors. 66 of 89 late-stage resignations cited "fee disputes." Sure.
#Tax#CPA#Hongkong#EBPAudit
EBP audits are broken because the process is tiring. 55% deficiency rate for firms doing <25 audits/year.
Tieout automates the repetitive parts so your team can focus on the judgment calls.Featured in @AccountingToday this week
[https://t.co/2ccxqx6p1R](https://t.co/fjpqGrco7o)
Tick-and-tie is still eating 40% of audit hours. AI is changing that. Hereβs what Tieout AI actually does in practice β https://t.co/4M5wmQ4dQ9
#CPA#Monday#EBPAudit#Audit
@AccountingToday Spot on. The arsenal of coping strategies is impressive, but the shortage persists and directly impacts audit quality and partner time.
We're in @AccountingToday.
Tieout just officially launched AI that automates EBP audits end to end. Plan docs, census,
payroll, trust data. Eligibility, vesting, contributions, NDTs.
1 in 3 EBP audits still has deficiencies. We're fixing that.
https://t.co/2ccxqx6p1R
#CPA#EBP
Auditing is the most thankless job in finance.
Air traffic controllers get it: 500 perfect flights go unnoticed.
One miscommunication = career-defining moment.
EBP auditors live this yearly. 400-page workpaper, zero errors, DOL finds one thing. That's the job.
#EBPAudit#CPA