The Tuesday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Are Remote Workers Ruining Accounting?

Accounting firms are making more mistakes, and the blame game is heating up. Some bosses say remote work is the issue, too hard to keep an eye on employees. Others argue the real problems are burnout, staffing shortages, and clunky systems.

Interestingly, errors are now being flagged more often because clients are paying closer attention to deliverables. Meanwhile, some firms are struggling to find experienced staff to keep up with growing demand, leaving junior employees to handle complex tasks.

Source: AOL News

💎 What’s poppin in accounting

PCAOB Hits Firms with $35M in Fines

The PCAOB wasn’t messing around in 2024. They handed out $35 million in fines to accounting firms for screw-ups like bad audits, shady paperwork, and missing fraud risks.

This wasn’t just aimed at the big guys, small firms got hit, too. One case involved a firm straight-up falsifying documents to cover their tracks. Regulators are making it clear, if you cut corners, you’re going to pay.

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 📊 Weekly Trend Chart

Football Crushes Everything on TV

If it’s not football, it’s probably not a top broadcast. In 2024, 13 out of the 15 most-watched primetime shows were NFL or college football games. The Super Bowl? Still the GOAT, pulling in over 106 million viewers every year.

Even the Oscars (35.7M) and the presidential debates (20.3M) couldn’t keep up. Football isn’t just a game, it’s a cultural phenomenon that dominates screens, advertising dollars, and the hearts of millions.

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