CPA Practice

MAY 2, 2023

By Paula Laurenti, Key Accounts Manager at SAPRO. accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023.

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Going Concern

SEPTEMBER 15, 2023

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. Comment letters raise serious questions about the consequences of the proposed changes.

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CPA Practice

FEBRUARY 6, 2024

AICPA Shares Plan to Strengthen Accounting Pipeline According to the American Institute of CPAs ‘ 2023 Trends Report, bachelor’s degree completions in accounting dropped 7.8% Master’s degree completions also fell in 2021–2022 (−6.4%), but the percentage decline is significantly less than in 2019–20.

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Going Concern

MARCH 22, 2024

Day will join the FASB from Ernst & Young LLP (EY), the global accounting and professional services firm, where he is a partner working in Professional Practice. Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St. Louis, Missouri.

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Going Concern

MAY 5, 2023

The models can read documents and pull-out information that auditors are looking for. “It It makes doing audits much faster, eliminating some of the human error, providing move value to some of the accounting audit work that we do for our clients,” he said. . On day one. I was 21 at that point.”

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Going Concern

OCTOBER 16, 2023

.” Accounting has been taking a beating in the public square recently, with a steady drumbeat of news about the decline of people either entering or exiting the profession. Our talent challenges are real, but perspective about the opportunities and appeal of an accounting career has been lacking.

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Going Concern

DECEMBER 9, 2022

Thapa even falsified bank statements to conceal his theft, and in 2019, he refused to return the $1 million, according to the indictment. Britain’s biggest companies and their auditors are playing a £10bn game of musical chairs. The accountants argued a compulsory merry-go-round was unnecessary and would hurt audit quality.

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