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The 2023 AICPA Trends Report Shows Things Are Looking Up For Accounting Grad Numbers! JK They Suck

Going Concern

Master’s degree completions also fell in 2021–2022 (-6.4%) but the percentage decline is significantly less than in 2019–20. 65,035 total accounting degrees completed for 2021-22. Since accounting graduate numbers peaked in 15-16, here’s the difference by year compared to prior year.

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In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%). million accountants and auditors in the U.S. There were about 1.65

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Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

Today the EY organization has announced new technology capabilities and a global Artificial Intelligence (AI) Assurance framework for EY professionals as part of a multi-year, technology driven audit transformation program which is supported by plans to align approximately 9,000 Technology Risk professionals to the Assurance service line.

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The Accounting Talent Shortage is Not New, You Guys

Going Concern

A record 68,639 students graduated with accounting degrees in 2010. Nearly 4 in 10 accounting graduates hired last year by CPA firms had master’s degrees, compared with 26 percent in 2008. By contrast, 43 percent of graduates hired had bachelor’s degrees, down from 56 percent in 2008. This is a decrease of 2.8%

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College Accounting Programs Are Taxpayer-Funded Training Programs for the Big 4 and Other Such Muckraking

Going Concern

The need for formal financial statements is rare because lenders realize the high cost of audited financials is not beneficial to either party, so usually a tax return or basic prepared or compiled financial statement is provided. auditing requirements in its component audits of U.S. June 17, 2019. June 28, 2022.

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Number of CPA Exam Takers Continues to Dwindle

CPA Practice

Going Concern sounded the alarm back in 2019 about candidate numbers shrinking. Starting in 2024, the redesigned CPA exam places a greater emphasis on technology and analytical skills, as well as on tax, accounting, and audit. The number of CPA hopefuls who took the exam has decreased each year from 2017 to 2022.

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Professionals on the Move – June 2023

CPA Practice

She brings deep experience in leading finance organizations at high-growth SaaS companies through IPO and beyond and serves on both the board of directors and audit committees for public and private companies. Oulman currently serves as a member of the board and the audit committee chair for both CalAmp and Plume Design, Inc.,

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