With KPMG losing the overtime case in Canada, it would set a precedent for the rest of the big 4 to be sued and lose the case. Then, it could potentially trickle into the Big Kahuna, good ol' USA. And if one of the big 4 loses here, then all hell could break lose. Why? Because if employees get paid overtime for the all the hundreds of hours they put in over the past few years, we're talking millions of dollars of compensation by the public accounting firms. Wanted to put out there a theory a co-worker had, in light of KPMG's defeat in the overtime case in Canada. a) Firms like PWC and EY have started offering CPA bonuses to employees who pass their CPA in their first few years with the firms. Now, this overtime compensation only applies to employees who have not been professionally certified. Why? Well I honestly have no idea, but apparently that is the case. So even though the firms are spinning the bonus to reward employees for passing their exams early, it could actuall...
Blogged about my life in the Big 4 and now about life in Private Accounting