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Friday Footnotes: No Foolin’ Here; 18,000 New Accounting Jobs; Skills Auditors Need NOW to Be Future-Ready | 4.1.22

Going Concern

Professional and business services added a total of 102,000 jobs in March, including 18,200 in accounting and bookkeeping services. Overall employment in professional and business services was 723,000 higher than in February 2020. Average wages rose 13 cents to $31.73 Chinese and U.S.

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Here Are Even More 2024 Accounting Salary Projections

Going Concern

And: Despite a complex economy that requires more guidance from financial and accounting professionals, there’s a serious talent shortage that’s going to worsen in the next few years. While 75% of CPA’s reached retirement age in 2020, the good news is that finance and accounting are now ranking as top career choices among Gen Z candidates.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Last year, the median salary for full-time entry-level accounting jobs was roughly $62,500, up from about $50,000 in 2020, according to Handshake data.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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Monday Morning Accounting News Brief: PwC CEO Resigns Over Tax Scandal; RTO Propaganda; Unproductive Productivity | 5.8.23

Going Concern

Tom Seymour, chief executive of PwC Australia since March 2020, has stood down with immediate effect following a discussion with the board of partners on Monday. Don’t let The Guardian scare you about layoffs, find a new accounting job instead. times more likely to audit Black taxpayers than non-Black ones. .

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Wall Street Journal Addresses the Accountant Shortage, Suggests a Recession Could Fix It

Going Concern

Many employers over the past decade have struggled to find qualified workers, a challenge accelerated by a decline in the number of job seekers amid the Covid-19 pandemic. labor force has been shrinking since early 2020, as more baby boomers retire. accounting and audit roles totaled roughly 177,880 jobs this year through Nov.

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Friday Footnotes: KPMG Downsizes (Office Space); CPA CPA CPA; Some Good News on Diversity | 8.26.22

Going Concern

The report also stated that according to industry estimates, the market is expected to reach $20-25 billion by 2025 from $4-7 billion in 2020. and China Announce Deal to Share Audits of U.S.-Listed It requires support with capturing data, reporting, and auditing – core skills of an accounting firm. stock exchanges.

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